Ads
News service and business centre for materials handlingHOME
Search  
/lynad/news_adclick.asp?assid=16919

16927,16928 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 Manitowoc will relocate its crawler crane manufacturing operations from Manitowoc, ... [more]
UNITED STATES Illinois Material Handling (IMH), a member of Wolter Group LLC, ... [more]
UNITED STATES Kalmar has received orders for seven top loaders from Crowley ... [more]
UNITED KINGDOM Milton Keynes-based rental company Elavation Ltd has added Snorkel TM12 ... [more]
MVP and MVS applications open - Vernon Hills, IL, United States
Seizmic doubles space - Los Angeles, CA, United States
Modulift appoints Canadian distributor - Poole, United Kingdom [more]
UNITED KINGDOM George Coates, secretary general of the British Industrial Truck Association ... [more]
FRANCE Manitou will buy back 2.8% of its share capital from ... [more]
UNITED STATES EnerSys has received EE rating classification from UL on its ... [more]
UNITED KINGDOM As part of its ongoing mission to improve safety on ... [more]
Advertisement
BOSS BOAT HANDLER, has forks that will drop 3.5m below street-level! 1997 Model with only 700 hrs, adjustable fork width and length of 3,85m NETT PRICE €. 35,000-- (FAS Rotterdam or Antwerp) CLICK FOR DETAILS & PICTURES! SMV 16-1200B, capacity 16 ton@1200mm LC. 2012 Model, 4m full free-lift mast ... [more]

Announcements (Ads)

International Forklift Operator Award 2016 continues to grow in stature ... [more]
Real FMX will assist with wear and tear reduction, improve ... [more]
In the market for BIG Forks for your Wheel Loader, ... [more]
IMHX is the largest meeting place for the UK’s logistics ... [more]
KEYTROLLER’S KEYSHOCK is a simple extremely rugged, very affordable, ... [more]
Advertisement
To develop your brand’s success you position it where your potential customers spend time, not once, but over and over again. Every week 28% of 66,000+ subscribers open their copy of the Forkliftaction News edition. Because it is the only way to keep on top of trends in ... [more]
Safety First

Safety First(Blog)

Recent legislative changes have made many companies operating lift trucks ... [more]
/lynad/news_adclick.asp?assid=16924
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