The $170 million factory is scheduled to begin operating by the end of 2013, with an expected output of 40,000 reefer containers and 30,000 reefer machines annually.
“We position our investment on the basis of future world trade flows,” said MCI Chief Executive Officer Peter Nymand. “This investment is a supplement to our important reefer factory in Qingdao, China, where we are also expanding.”
MCI said the factory will help to correct a reefer trade imbalance that disadvantages exporters of fresh produce, fish and meat from western South America.
“Each year, tens of thousands of containers are shipped in empty from Asia and elsewhere,” MCI said. “After 2013 this shortage will be less acute as MCI starts its local supply.”
Aside from Qingdao, MCI has factories in Dongguan and Huidong, both in China. Its current annual output is 200,000 dry container, 41,000 reefers and 37,000 reefer machines.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now