Newsletter #000 (View other news stories)
JUNGHEINRICH DEALER'S DAMAGES CLAIM DISMISSED
Hamburg, Germany
Thursday, 24 May 2001
HAMBURG, Germany -- A former Portuguese Jungheinrich AG forklifts dealer has lost an appeal in a Hamburg court against a court dismissal of a disputed terminated distribution agreement.
Jungheinrich announced on Monday that the appellate court Hanseatisches Oberlandesgericht Hamburg had upheld the earlier decision by the lower court, the Landgericht, to refuse the dealer's application.
Jungheinrich's listed Portugal dealer is Jungheinrich Equipamentos de Transporte LDA, but it is unknown whether this is the same dealer who took the court action.
The Portuguese dealer had claimed damages after Jungheinrich, Europe's second-largest forklift maker, terminated its distribution agreement in favour of distributing its products directly, in a move to cut costs and boost earnings.
Jungheinrich said it had terminated the contract in order to serve the Portugese market via a subsidiary company of its own, which it did not name.
The dealer sought DM9 million (USD4 million) in damages, an Associated Press report said.
Jungheinrich, the fourth-biggest manufacturer of industrial forklifts globally, had said in February that it planned to distribute its products directly. Last month it dismissed 50 of its subisidiary Steinbock GmbH's German and European dealers, as reported in Forklift Action News #22.
A spokesman for the dismissed dealers said the group would lodge a formal complaint against Jungheinrich with the European Union Commission.
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