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Earnings plunge
January 24, 2009, Saturday
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Print Edition
Print Edition
CHINA International Marine Containers Co, the world's largest maker of boxes for freight, yesterday said profit plunged by between 40 percent and 60 percent last year as the global financial crisis eroded demand for shipping.
The company also said it will invest 540 million yuan (US$79 million) in a venture to make trucks and truck parts, in which it will own a 45 percent stake.
The company also said it will invest 540 million yuan (US$79 million) in a venture to make trucks and truck parts, in which it will own a 45 percent stake.
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