China's Largest Container Maker to Lease Idling Land

(Shanghai) – China International Marine Containers Group Co. Ltd., the country's largest container maker by annual output, has inked a deal with a Singaporean warehouse operator to lease land, in an effort to diversify income streams as revenues dwindled.

CIMC signed an agreement on August 18 to lease land, mostly in the southern financial and services hub Shenzhen, to Global Logistic Properties Ltd. to build warehouses, an employee of CIMC told Caixin.