Newsletter #001 (View other news stories)
CLARK AND HOIST STRIKE SUB-CONTRACTING AGREEMENT
Lexington, United States
Friday, 29 Sep 2000
LEXINGTON, USA -- Kentucky forklift manufacturer Clark Material Handling Company has signed a sub-contract manufacturing agreement with Chicago-based Hoist Liftruck Mfg Inc.
The agreement is subject to bankruptcy court approval. Clark and some of its affiliates are currently in Chapter 11 reorganisation proceedings in Delaware.
Under the terms, Hoist will be the exclusive sub-contract manufacturer for Clark's heavy internal combustion and electric lift trucks, including the EC500-70 through to EC500-120, and the CDP10 through to CDP16.
Hoist will manufacture the trucks to Clark specifications, using Clark components and engineering.
Clark dealers will not market Hoist products.
Clark chairman Dr Martin M Dorio Jr said the agreement was "the next step" in the transition of production from Lexington. Under its Chapter 11, Clark is moving manufacturing operations offshore and to other US locations. Head office will remain at Lexington.
"This transfer of production will ensure all Clark customers are supported on a going-forward basis," Dr Dorio said.
He said Hoist was "a growing and aggressive niche manufacturer of trucks for our marketplace".
Hoist president Martin Flaska was pleased with his company's expansion.
"With this sub-contract agreement with Clark, Hoist is becoming a more important force in the material handling business," he said.
Hoist acquired the assets of Ohio-based truck designer and manufacturer Elwell-Parker last month.
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