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Reitar's Jingxing Starts Automated Warehouse Projects for Cainiao in Spain, Netherlands

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Reitar Logtech's (RITR) Jingxing Storage Equipment Engineering business segment said Wednesday that it has officially launched its collaboration in Europe with Cainiao Group and started delivery for two large-scale Cainiao automated warehouse projects in Spain and the Netherlands.

The company aims to complete overall installation of racking supply and related engineering work by the end of the year, according to a statement.

Jingxing is also working with Shanghai Jingxing Storage Equipment Engineering on an automated cold-storage project in North America. The project has a contract value of about $30 million and is expected to begin in September, the company said.

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