Cargotec to establish global competence center in Singapore

by World Grain Staff
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HELSINKI, FINLAND — Cargotec announced on June 1 that it will establish a global competence center for container terminals development in Singapore. By establishing a competence center close to customers in Singapore, Cargotec noted it will further strengthen its ability to provide total solutions for its container terminal customers in the whole Asia-Pacific region.

"Customer perspective is at the core of Cargotec's strategy. In order to better understand customer needs, Cargotec needs an extensive geographic presence and tight collaboration with local customers, partners and other stakeholders. Singapore is one of the world's largest ports and it offers a unique view to customer trends, requirements and future needs for research, development and engineering purposes. Our strong presence in Singapore will further enhance our possibilities to develop more customer-driven solutions for future needs," said Mikael Mäkinen, president and chief executive officer at Cargotec.

Cargotec has been present in Singapore more than 30 years. Cargotec noted that it currently employs approximately 450 people in Singapore, representing the company's brands Hiab, Kalmar, MacGregor and Bromma. The Asia-Pacific region has been identified as one of the company's growth areas, accounting for 40% of the total sales in 2010. Cargotec's Asian production units are located in China, India, Korea, Malaysia and Singapore.