Subscribe to RSS feedChina Merchants buys pallet maker
by
Hui Ching-hoo
—
last modified
Jul 16, 2010 05:20 PM
CHINESE port and logistics conglomerate China Merchants Group (CMG) has acquired Australian pallet maker Loscam in a move to break into the pallet pooling business.
CMG did not disclose the value but sources familiar with the transaction estimated it to be worth $650m-$700m.
Loscam is mainly engaged in the operation and management of a pallet pooling system.
Pallet pooling systems allow the transfer of products...
This full article is available to Lloyd's List DCN subscribers only.
If you are already a subscriber, please sign in below.
If you're not a subscriber and would like to experience the full benefits of Lloyd's List DCN with a 14 day trial, please click here.
Alternatively, click here to subscribe.
| Tweet |
Daily Top Stories
- Rena officers sent to prison
- New salvage facility for Cairns
- Worker dies in Newcastle wharf tragedy
- Major supramax markets diverge
- Panama Canal fees hike planned for July
- 12% of world tanker fleet facing scrapping
