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Cargotec inks strategic deal with Chinese shipping investment group

Cargotec Corporation and its port business area, Kalmar, and Sichuan Port and Shipping Investment Group (SPSI) have signed a strategic agreement on 8 June to initially develop a land port, water port, logistics park, multi-mode transport and intelligent logistics integrated services.

SPSI Group handles a wide range of operations and investment management in infrastructure construction, logistics services and financing, energy and resource development. The Group’s terminal capacity reaches 2.7 million TEU in the Sichuan area accounting for 95% of the total container volume of Sichuan province.

The agreement is part of SPSI Group's commitment to form a close cooperation mechanism with international partners and global leading companies, according to an announcement.

“We are looking forward to establishing long-term cooperation with Cargotec and Kalmar in cross-border logistics, smart ports, cargo handling, multimodal transport and comprehensive services. Together, we will be setting a benchmark in the field of smart ports and China-EU cooperation,” said Chongyong Zeng, Vice Chairman and General Manager of SPSI.

Mikael Laine, Senior Vice President, Strategy at Cargotec Corporation, commented, “The cooperation creates new prospects of development in the hinterland of southwest China. It will also build an important benchmark for cooperation in the field of smart ports, green technology and international logistics.”

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