Ad
Friday, July 18, 2025
27.1 C
London

The Voice of Scaffolding Since 2008  |  U.K. Edition

Cape Expands Reach With China Purchase

- Advertisement -

 

Industrial services business Cape, which has its regional headquarters in Wakefield, has taken an 80 per cent stake in a Hong Kong industrial services provider.

The company has acquired the equity stake in Hong Kong Fuji Technology (HFT) for HK$58m (£4.75m). HFT provides thermal insulation, painting, grit blasting and scaffolding services to the power industry.

Cape said the deal marks its entry into a “new geography” within the Far East and Pacific Rim. Chief executive Martin May added: “The acquisition of HFT presents an exciting entry into a strategically important market.

“This is a key step which provides a springboard for Cape’s future expansion into Greater China. We see great potential for Cape in this venture and warmly welcome the HFT team, who share Cape’s commitment to safety, reliability and timely delivery, into the group.”

HFT was founded in 1993 and employs more than 130 staff. It is expected to report a turnover of HK$87m (£7.13m) in 2012.

Via: Insidermedia.com

- Advertisement -

Popular this week >

Scaffolding Industry Mourns the Loss of Founding Leader David Spice

Christchurch, New Zealand — The scaffolding community across New...

ScaffEx25 registrations surge as NASC targets record-breaking turnout

Registrations for ScaffEx25, the global scaffolding and access industry’s...

GKR Scaffolding trebles profits as London projects drive growth

London — GKR Scaffolding has reported a sharp...

ScaffFloat Delivers Floating Scaffold Platform for Safer Pier Work in Teesside

ScaffFloat has deployed an innovative floating platform in Teesside...

UK Scaffolding Sector Gets New Tool to Trade Used Equipment

A new online platform is set to launch later...
- Advertisements -

Related Articles >

Scaffolder Dies After Fall at Hong Kong Site Despite Wearing Safety Harness

A 62-year-old scaffolder has died after falling from a construction site in Hong Kong, prompting an investigation by authorities. The scaffolder was working at a site in Fanling, a residential and industrial area in...

Latest Topics

AT-PAC Appoints New U.S. Managing Director

Atlanta, USA — Global scaffolding firm AT-PAC has named...

Scaffolder’s Epic Munro Challenge Captured in BBC Documentary

Scotland — A Scottish scaffolder has captured national attention...

GKR Scaffolding trebles profits as London projects drive growth

London — GKR Scaffolding has reported a sharp...

Scaffolding Industry Mourns the Loss of Founding Leader David Spice

Christchurch, New Zealand — The scaffolding community across New...
- Advertisement -

Popular Categories