VIETNAM: M arin e cran e manufacturer MacGregor and Vietnam Shipbuilding Industry Group (Vinashin) have agreed a joint venture for the production of cranes and hatch covers.

MacGregor has a 49% stake and Haiphong, Vietnam-based Vinashin, holds the remainder. MacGregor is part of Cargotec Corp., which owns Hiab and Kalmar and had net sales last year of 2.6 billion ($3.4 billion).

MacGregor Vinashin Marine Equipment Ltd will concentrate on hatch cover production to shipyards in Vietnam. The next phase will include production and assembly of marine cranes. Construction of a new factory will start in the next month and production is expected to start within a year.

Newsletters

Delivered directly to your inbox, World Crane Week contains all the latest news, product launches and show reports from the global crane and transportation industry.

Sign up for free

Newsletters

Delivered directly to your inbox, World Crane Week contains all the latest news, product launches and show reports from the global crane and transportation industry.

Go to Newsletters