CIMC plans production base
By Zhong Nan | China Daily | Updated: 2014-03-18 07:35
Shipping container plant in Guangdong province to cost $1.13 billion to build
China International Marine Containers (Group) Co will build a new container production base in Guangdong costing 7 billion yuan ($1.13 billion), the company said in a statement to the Hong Kong stock exchange.
CIMC, the world's largest container manufacturer by market share, is betting that a recovery in the global shipping market will boost demand for containers.
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