Peikko is now a shareholder of Chinese structural design company Shucko

PeikkoGroup Corporation has signed an agreement with Chinese structural design company Shanghai Shucko Construction Technology Co., Ltd. to become a major stakeholder of the company with 51 % ownership. The transaction consisted of a share purchase from a single shareholder, and additional share capital issued to Peikko. The two remaining shareholders, Mr. Huang Hua and Mr. Wang Chen, will continue to run the business as before.

Peikko is now a shareholder of Chinese structural design company Shucko
Peikko Group

Peikko is now a shareholder of Chinese structural design company Shucko
Peikko Group

The company Shucko has offices in the cities of Shanghai and Hefei and focuses on providing structural engineering and detailing services of precast frames. There are 16 engineers working for Shucko, helping both precasters and construction companies with their precast design. The future cooperation between the Shucko and Peikko teams in China will provide benefits for customers via improved detailing services and technical customer support. The company Shucko will remain as an independent entity from other activities of Peikko China, which has a factory in the city of Zhangjiagang (north of Shanghai) and sales teams in several locations. 

“We are very happy to join forces with the competent structural design team at Shucko. The use of precast construction is increasing rapidly in China, and we are confident that the teams within Shucko and Peikko China, together will be able to grow the business rapidly in the coming years”, says Topi Paananen, CEO of Peikko Group Corporation.

 

CONTACT

Peikko Group Corporation

P.O. Box 104

Voimakatu 3

15101 Lahti/Finland

+358 20 707 511

www.peikko.com

Related articles:

Lasse Puoskari has been appointed CIO and member of the Management Team at Peikko Group

Lasse Puoskari has been appointed Chief Information Officer (CIO) and a member of the Management Team of Peikko Group as of August 1, 2022. He will report directly to the CEO Topi Paananen. Puoskari...

more
2011-06 Peikko to start own manufacturing operations in China

Target to start sales activity in Asia

The new unit will focus on manufacturing products for Peikko’s units in North America, the Gulf area and Europe, as well as providing a platform for sales of Peikko products in China and in the Asia...

more
2011-09 New unit in China

Official Opening Ceremonies at Peikko Zhangjiagang

Peikko was honored to have several distinguished guests, presenting the local government, tax officials, police, customs, suppliers, service providers and customers, to perform the opening ceremonies....

more
2020-08 Peikko Group Corporation

New Director standards and approvals nominated

Dr. Thomas Sippel, former Managing Director of the ECS Association, has been nominated as Director, Codes and Approvals, at Peikko Group Corporation starting 1st of August 2020. He will represent...

more
2021-04 PEIKKO

Peikko starts manufacturing activities in Turkey

Peikko Group’s team in Turkey, Peikko Yap? Malzemeleri Sanayi ve Ticaret A.S, has started the first steps of manufacturing in a newly established premises in the city of Izmit. Peikko has had its own...

more