Stolle underwrites Chinese can plant project

June 26: Fears that installation of the first aluminium beverage can line to be built by Chinese food and drinks giant COFCO could be disrupted after engineers working on the line were not paid have been averted following a rescue by US-based equipment manufacturer Stolle Machinery.

But Stolle says it’s not planning to compete with specialist project engineering firms. There is “no intention of competing with specialists”, it said.

Engineers who were installing the line at COFCO subsidiary CPMC’s plant at Hangzhou near Shanghai said they had not been paid from the beginning of March by project integrator Omnitech International, placing doubts on the original October completion date.

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