World News

Industry news and insights from Europe and around the World

UK News

Latest news and developments in the United Kingdom

Products

Keep up-to-date with the latest new products and technology

Features

General articles, applications and industry analysis

Chinese buyer for Maersk refrigerated container business

DENMARK: AP Moller-Maersk has agreed to sell its refrigerated container business, Maersk Container Industry (MCI), to China International Marine Containers Ltd (CIMC).

CIMC will take over MCI’s entire organisation and assets which include the refrigerated container factory in Qingdao, China, as well as its R&D and test engineering facilities in Tinglev, Denmark.

The US$987.3m deal will see MCI become part of a market leading company in the container equipment industry. Headquartered in Shenzhen, and listed on the Shenzhen Stock Exchange and Hong Kong Stock Exchange, CIMC provides equipment and services for logistics and energy industries. CIMC Containers is its largest business segment and is specialised in the manufacture of dry containers, refrigerated containers and special containers. MCI will be part of a new product line within marine reefer units to complement the existing product portfolio, including reefer boxes.

The CIMC container plant

CIMC was founded in 1980 as a joint venture established by China Merchants Group and East Asiatic Company.

Established in 1991, Maersk Container Industry manufactures refrigerated containers and refrigeration machines to customers in the intermodal industry, which covers shipping lines, fruit multinationals and leasing companies.

Related stories:

Suitors queue for Maersk container business 11 June 2021
DENMARK: Carrier, Daikin, Midea and Thermo King are amongst a procession of suitors reported to be bidding for A P Moller-Maersk’s refrigerated container business. Read more…

Latest News

7th November 2024

Enter the AI-powered propane heat pump

UK: A new manufacturer has entered the heat pump market with a propane air-source unit powered by artificial intelligence to create “significant” energy savings.
7th November 2024

Freor CEO buys out investor Livonia Partners

LITHUANIA: Rytis Bernatonis, CEO, founder and majority shareholder of commercial refrigeration equipment manufacturer Freor, has acquired the 33.34% stake in his company from private equity company Livonia Partners.
6th November 2024

Germany seeks public procurement ban on VRF

GERMANY: The German government proposal to ban the public procurement of multi-split/VRF air conditioning systems has been met with criticism by the industry.
6th November 2024

Chillventa corrects 2024 visitor figure

GERMANY: The organiser of the recent Chillventa 2024 exhibition in Nuremberg have announced a small correction to its final visitor attendance figure due to “a technical issue” in ticket recording.
6th November 2024

Members push for mediation in IoR dispute

UK: Members of the Institute of Refrigeration have voted for mediation in the ongoing dispute between ex-president Graeme Fox and the board of trustees, which has already cost £32,000.
5th November 2024

Star short-listed for UK employer of the year

UK: Star Refrigeration has been shortlisted for UK Employer of the Year in the Investors in People Awards.