Martin M Lin

Cargotec Industries (China) Co Ltd has appointed Martin M Lin as chairman for China, effective from 1 August. Lin will report to Cargotec president and CEO Mika Vehviläinen and will be located in Shanghai. His main task is to build relationships with the Chinese government and other stakeholders in China.

Lin comes from Textron China Inc, where he was president since 2008. Before that, he held several strategic senior positions at Rockwell Collins for 24 years, establishing and developing the operations both in the United States as well as in China.

Vehviläinen says: "As the importance of Asia for Cargotec increases, both in growth and development of the production and logistics, a strong presence and understanding of the plans and needs of different stakeholder groups, e.g. decision makers, are extremely important. Martin's experiences of cooperation with governmental agencies in multi-industrial businesses is valuable for Cargotec and its joint ventures in China and I warmly welcome him to the Cargotec family."

"My background (born and studied in Taiwan, 16 years in United States and working in multinational companies in China for over 20 years) has strengthened my capabilities to learn and understand the changing business environment in China," says Lin.

The Asia Pacific region accounted for 28% of Cargotec's sales in the first quarter of 2014 and China is among the top five countries for the company in terms of sales. The history of Cargotec in the region started in 1973, when Hiab entered Japan. The latest expansion of the business, a joint venture with Sinotruk, took place in early 2014.

Cargotec's sales totaled approximately EUR3.2 billion (USD4.4 billion) in 2013 and it employs about 11,000 people. The group's business areas - MacGregor, Kalmar and Hiab - supply cargo- and load-handling solutions around the world.