Ads
News service and business centre for materials handlingHOME
Search  
/lynad/news_adclick.asp?assid=16456

16468,16465,16469 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

FINLAND Konecranes and Terex Corporation have announced that their respective boards ... [more]
UNITED STATES DEUTZ Corporation will provide JLG Industries with DEUTZ Xchange remanufactured ... [more]
FINLAND Kalmar has secured an order for nine diesel-electric straddle carriers ... [more]
/lynad/news_adclick.asp?assid=16462
Ads


FINLAND Konecranes will deliver a new 1,200 T Goliath gantry crane ... [more]
UNITED STATES Lift Truck Center, Inc. recently began work on a new ... [more]
UNITED STATES The 2016 US forklift rodeo season gets under way on ... [more]
GERMANY Liebherr managed to secure some lucrative orders at this year’s ... [more]
GERMANY Work will soon begin on the expansion of Wacker Neuson’s ... [more]
UNITED KINGDOM Briggs Equipment has landed an important new contract with transport ... [more]
Advertisement
Are you determined to make your workplace safer? Looking for ways to further reduce the risk of collision as a part of your safety strategy? BodyGuard® i-Tag system uses the latest technology to significantly reduce the risk of collision between moving vehicles and pedestrians. i-Tag combats risk factors ... [more]

Announcements (Ads)

Rocla's revolutionary innovation LogIQ Route Optimizer optimizes the routes AGVs ... [more]
/lynad/news_adclick.asp?assid=16464
Ads


Quantum leap in pallet logistics - MEYER's closed Shaft Guiding ... [more]
One of Asia’s leading temperature controlled storage and distribution specialists ... [more]
/lynad/news_adclick.asp?assid=16466
Ads


KAUP GmbH & Co. KG will use the CeMAT 2016 ... [more]
The involvement of customers in its design process has been ... [more]
The Cat Lift Trucks range of three-wheel electric lift trucks ... [more]
Strong, efficient, well finished and personalized with necessary equipment to ... [more]
When it comes to moving big loads, cutting corners can ... [more]
Cascade will exhibit at CeMAT 2016 in Hannover Germany, 31 ... [more]
Advertisement
Looking to stay up-to-date with best business practice? Want valuable insights into new technologies and applications? Hoping to strengthen the safety culture within your operations? You can find the expertise you need from industry leaders in the Forkliftaction Blogs. Our Bloggers draw on their own experiences to share invaluable ... [more]
Safety First

Safety First(Blog)

Without proper documentation, the value of training is undermined, according ... [more]
/lynad/news_adclick.asp?assid=16461
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