Metso/LiuGong jv to develop Lokotrack mobile crushers
First publishedin Aggregates Business Europe in Aggregates Business International
The initial scope of the Metso/LiuGong joint venture will cover the design and manufacture of Chinese versions of Metso’s Lokotrack mobile crushers and screens. With the first expected to be launched soon, the products, whose range may be further expanded in the future, will be sold under dual branding LiuGong Metso. The joint venture will also promote Metso’s global trackmounted crushing and screening equipment in China.
Metso and Guangxi LiuGong Group have obtained all necessary approvals from the Chinese authorities and the 50%-50% joint venture between the two companies has been officially established.
Headquartered in Shanghai, LiuGong Metso Construction Equipment (Shanghai), will combine Metso’s know-how in track-mounted crushing and screening business and technology with LiuGong’s extensive distribution resources (~900 customer service locations in China) and manufacturing capabilities in China.
“The joint venture enables the capture of a significant market share of the fast growing mobile crushing and screening market in China. Our target is to build a market driven technology offering and the joint venture with LiuGong is a major step towards this direction,” says João Ney Colagrossi, president, Mining and Construction, Metso.
“Together with the acquisitions of the steel foundry in Quzhou City and Shaorui Heavy Industries, announced last year, the joint venture significantly strengthen our supply capabilities for mining and construction industries in China.”