MacGregor, part of Cargotec, and China State Shipbuilding Corporation's (CSSC) Nanjing Luzhou Machine Co Ltd (LMC) signed a joint venture contract on 15 September 2016 to form CSSC Luzhou MacGregor Machine Co Ltd. Subject to all relevant authority approvals, expected within this year, LMC will own 51 percent and MacGregor 49 percent of the new joint venture company.
As a first step, the joint venture will cover the transfer of Hatlapa marine air compressor technology over a two-year period. CSSC Luzhou MacGregor Machine Co Ltd will be located in Nanjing and will have exclusive sales rights for the air compressors in China. Outside China, service, spare parts and new sales will be undertaken by MacGregor's established network.