MCI is headquartered and has R&D and test engineering facilities in Denmark and produces reefer containers and Star Cool refrigeration units in Qingdao, China. Mai Boliang, chairman and CEO of CIMC, said that by leveraging technology and innovation, the company wants to create a new growth platform within cold chain. Over the years it has transformed into a business focusing entirely on manufacturing refrigerated containers and in 2020, the company delivered its most profitable result since its foundation. Moller-Maersk.įounded by Maersk in 1991, MCI has been a part of the company for more than 30 years. Moller-Maersk’s business transformation, where focus is on being an integrated container transport and logistics company creating customer value across the entire supply chain,” said Henriette Hallberg Thygesen, CEO of fleet & strategic brands at A.P. “We believe that we in CIMC have found a good long-term owner of MCI. The Star Cool refrigeration units will remain a key part of the way Maersk supports its customers’ cold chain needs as Maersk will continue its cooperation with MCI in the future, the statement said.
Until closing, CIMC and MCI remain two separate companies and continue to run their businesses as usual, Maersk said in a release. The transaction is expected to close in or before 2022. Chinese factories now account for more than 96% of the world’s dry cargo containers and 100% of the world’s refrigerated containers.ĬIMC will take over MCI’s entire organization and assets, which include the reefer factory in Qingdao, China, as well as its R&D and test engineering facilities in Tinglev, Denmark. With the sale, China has strengthened its near monopoly in the container manufacturing sector.
#Refrigerated container maersk free
Maersk announced it signed an agreement on September 27 to sell MCI to CIMC, headquartered in Shenzhen, China, for US$987.3 million, to be paid on a cash and debt free basis and subject to regulatory approvals. (CIMC) will become the world’s biggest manufacturer of shipping containers once it acquires reefer manufacturer Maersk Container Industry (MCI) for nearly a billion dollars. The transaction is expected to close in or before 2022Ĭhina International Marine Containers Ltd.CIMC will take over MCI’s entire organization and assets, including the reefer factory in Qingdao, China.With the sale, China has bolstered its near monopoly in container manufacturing.Maersk is selling its reefer manufacturing business MCI to CIMC for $987.3 million.
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