CIMC Group said its container division posted YoY declines in Q1 revenue and net profit as both volumes and prices fell. Since Q2, a concurrent recovery in freight rates and demand has transmitted to container manufacturing, lifting industry demand and leaving production booked through end-October. For the year the segment remains under pressure versus last year due to a high base and rising material costs. CIMC said emerging businesses—container energy storage, modular buildings, cold chain and

CIMC Group said its container division posted YoY declines in Q1 revenue and net profit as both volumes and prices fell. Since Q2, a concurrent recovery in freight rates and demand has transmitted to container manufacturing, lifting industry demand and leaving production booked through end-October. For the year the segment remains under pressure versus last year due to a high base and rising material costs. CIMC said emerging businesses—container energy storage, modular buildings, cold chain and modular data centers—are being actively deployed and developing rapidly and will provide material incremental contributions to the segment.