Maersk Container Industry (MCI) has withdrawn from the dry container business and ceased operations at its production facility in Dongguan, China due to challenging market conditions.
The company has claimed that the dry container market has been under enormous pressure for some time and it has decided instead to put all of its efforts into its reefer business.
Sean Fitzgerald, CEO of MCI, said: “Regrettably, our decision to focus on the cold chain business will impact our factory in Dongguan which has been idle since the beginning of December [2018] due to the tough market conditions.
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