Ads
News service and business centre for materials handlingHOME
Search  
/lynad/news_adclick.asp?assid=17519

17526 10378
Nichiyu sets up Thai subsidiary
Thursday, 15 Sep 2011 ( #531 ) - Sriracha, Thailand
News Story
Nichiyu Forklift (Thailand) Co Ltd will manufacture battery-powered forklifts and parts.
Nichiyu has established a manufacturing subsidiary in Thailand as part of its medium- and long-term goals to sell more forklifts outside Japan. It also wants to meet rapidly growing demand in Asia, a market in which it specialises.

The number of new employees for Nichiyu Forklift (Thailand) Co Ltd, which was established on 15 August, has not been decided. The chairman of the new company is Seiho Onoe, while Masahiro Ono is the managing director. The office is located in the town of Sriracha in Chonburi province.

Nichiyu plans to build the new plant on an acquired 42,000 sqm (452,084 sqft.) site in the Amata City Industrial Estate in Rayong province, 114 km south-east of Bangkok. Construction will start in the northern spring of 2012 and is scheduled for completion in December 2012. Full-scale operations are planned to start in April 2013.

The industrial estate is accessible via Thailand’s international airport and Laem Chabang Deep Sea Port, Thailand’s largest port, is also close by. The site is ideally located for the export and import of forklifts and parts.

About 90% of the forklifts produced in Thailand will be exported to neighbouring countries. In the first year, approximately 2,500 units are planned for production. Nichiyu will meet forklift demand in China, Asia, Oceania, Russia and the Middle East with its two Asian plants.

Nichiyu has a Chinese plant - Shanghai Nichiyu Forklift Manufacturing Co Ltd. Thailand was chosen for a second manufacturing base because Nichiyu says it has the highest demand for forklifts in Asia, after China.

Nichiyu Forklift (Thailand) Co Ltd was established with a capital of JPY400 million (USD5.2 million). Further investment sums will be determined later. The subsidiary is not 100% owned by Nichiyu and individual founders hold stock in accordance with Thai regulations.

The Thai subsidiary will manufacture and sell battery-powered forklifts and parts, maintain forklifts and import and export forklifts and related parts.
Discuss Forkliftaction.com News stories in the Discussion Forums!
x
separate border
THIS WEEK'S NEWS
Global News

Global News

UNITED STATES Terex Corporation has completed the sale of its Material Handling ... [more]
UNITED STATES JCB has started 2017 by winning one of the biggest ... [more]
JAPAN Mitsubishi Heavy Industries Forklift, Engine & Turbocharger Holdings, Ltd. (M-FET) ... [more]
/lynad/news_adclick.asp?assid=17522
Ads


UNITED STATES Mitsubishi Caterpillar Forklift America Inc. is preparing to build another ... [more]
FINLAND Hiab has received an order for several HIAB L-HiPro 145 ... [more]
CHINA SANY recently dispatched its 100th Asia Pacific reachstacker from its ... [more]
SRI LANKA GRI (Global Rubber Industries) has laid the foundation for the ... [more]
CANADA Walter Sellick, the founder of Sellick Equipment, passed away on ... [more]
UNITED STATES US materials handling association MHEDA has granted its MVP Award ... [more]
UNITED KINGDOM Three businesses from food and drink industries are among the ... [more]
/lynad/news_adclick.asp?assid=17523
Ads


Advertisement
Trainix provides the most comprehensive Forklift Licence, LO Licence, RF Scanning, Forklift Refresher and EWP courses. We combine a modern and fresh style of training with our down-to-earth, approachable forklift trainers either at our training centre or at your workplace. We provide students with the most up-to-date and affordable forklift ... [more]
Your Focus

Your Focus(Blog)

As warehouses strive for improved efficiency, one solution is cramming ... [more]

Announcements (Ads)

Durwen produces its attachments close to the customers, thus providing ... [more]
The MARCTM creates an engineered safe zone that enables operators ... [more]
/lynad/news_adclick.asp?assid=17521
Ads


Bring new efficiency to transitions between production machines with compact ... [more]
wuBump® has developed and patented a plastic shock absorber that ... [more]
Sumo Industrial & Allied Products Marketing Ltd is looking to ... [more]
New profile guided MEYER Multiple Pallet Handlers - benchmark in ... [more]
This 3 wheels 48 V range will enable you to ... [more]
Advertisement
We wish all of our readers the very best for 2017! Grown from a need to be informed and to reach out, Forkliftaction has connected thousands of businesses and over 67,000 professionals worldwide. Keep in touch! The team at Forkliftaction remains committed to serve its community and industry ... [more]
/lynad/news_adclick.asp?assid=17520
Ads


Subscribe to the weekly e-newsletter.
NEWS ARCHIVE | PAST NEWSLETTERS
©2013 Forkliftaction.com - All rights reserved
 
x
©Forkliftaction.com
Forkliftaction Media Pty Ltd
PO Box 1439
Milton QLD 4064
Australia
Storing your login information automatically.

When you select the 'Remember me' option, your login information will be stored on your computer in the form of a cookie. When you visit Forkliftaction.com again, the stored login information will be retrieved automatically and you will not have to submit your login parameters (email address and password) each time you want to visit our members-only pages.

A cookie is a small piece of data that is sent to your browser from a web server and stored on your computer's hard drive. A cookie can't read data off your hard disk or read cookie files created by other sites. Cookies do not damage your system.

 Back to Top