Dear reader, WELCOME TO FORKLIFTACTION.COM,
MATERIALS HANDLING ONLINE. This is issue #91 - 23 January
2003 of the weekly newsletter for industry
professionals.
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1.
CLARK BUYOUT DEAL COLLAPSES, AUCTION
TOMORROW  LEXINGTON, United States Clark
Material Handling Companys buyout deal with investment
firm Sun Capital Partners Inc has collapsed, and most of
its assets will be auctioned tomorrow (January
24).
Clark MHC had signed a reported USD40
million sale agreement with Sun Capital, of Boca Raton,
Florida, on December 18, but the deal unravelled on
December 23 when Sun Capital withdrew its
offer.
Sun Capital could not be contacted for
comment.
Clark then moved rapidly to identify
another buyer, according to Clark MHC chief executive
Kevin Reardon. We have several very interested groups,
he said this week.
Bidding procedures for the
January 24 auction required interest notices to be filed
by January 22, according to court papers. Bidders were
required to deposit 10 percent of their intended bid in
cash or via a letter of credit.
The auction is at
10am (USA EST) in the Wilmington office of lawyers Klett
Rooney Lieber & Schorling, which represents Clark.
Court papers indicated the intent was to obtain sale
approval from the US Bankruptcy Court on January
27.
Following the entry of an order approving
the sale, the debtors and the successful bidder shall
close the contemplated transaction by not later than
January 31, 2003, court papers said.
Clark filed
for protection from creditors under Chapter 11 of the US
Bankruptcy Code in April 2000, listing USD349 million in
assets and USD374 million in debts.
While Clarks
financial situation was unchanged after Sun Capitals
withdrawal, the companys debtors moved, according to
court papers, to expeditiously liquidate assets ... in
an orderly fashion so the highest value ... may be
realised. An earlier auction, planned for January 9,
did not eventuate.
Court papers indicated Clark
marketed its assets for more than two years to more than
100 entities to find a buyer. Clarks most recent cash
flow report, required under the US Bankruptcy code,
showed that, in November, Clark had receipts of USD2.79
million, disbursements of USD2.935 million, and a
negative cash flow of USD145,212.
- Clark website -
2.
PORTUGUESE MARKET DOWN IN 2002  LISBON, Portugal Portuguese forklift
and machinery sales fell 31 percent in 2002, according
to the latest figures from the Portuguese Association of
Car Traders (ACAP).
Sales of materials handling
equipment decreased 18.9 percent to 6,614 machines,
compared to the 2001 figures, said a Portuguese News
Digest report.
Total forklift sales fell 15.8
percent, with pallet trucks falling 34.9 percent, and
reach stacker sales falling 21.2 percent.
Gasoline-powered forklift sales rose 1.1
percent.
3.
LINDE COMPLETES OM CARELLI ELEVATORI
ACQUISITION  WIESBADEN, Germany Linde AG has
acquired the remaining 25 percent of Milan, Italy-based
OM Carelli Elevatori SpA from Turin-based Iveco
SpA.
Linde acquired the majority of OM Carelli
Elevatori, which is the Italian market leader in
forklifts and warehouse trucks, in 1992. The total
purchase price has not been released.
The
company, under its OM Pimespo brand, employs 1300 people
and sells about 14,000 materials handling units a year
in Europe, North Africa and the Middle East.
- Linde website -
4.
MEXICAN ORDER FOR KONECRANES VLC  PORT OF MANZILLO, Mexico Konecranes
VLC has won a EUR6 million (USD6.4 million) four-unit
order for rubber-tyred gantry cranes (RTG) from Mexicos
second-largest port, Operadora Portuaria de Manzillo
(OPM).
Significant growth at OPM, which is run by
TMM Puertos y Terminales SA, has seen the port win
government permission to add a 500-metre quay and a
12-hectare yard expansion.
OPM has operated
Konecranes RTGs since 1998. The new RTGs will be
manufactured in Finland and arrive fully erected in
July. The 16-wheel RTGs can lift 50 tonnes and have a
lifting height of 59 feet (18 metres) and a span of 75
feet (23 metres).
This repeat order shows the
competitiveness of our design and we look forward to
seeing the RTG becoming the preferred choice among
terminal operators, Konecranes VLC managing director
Mikko Uhari said.
Konecranes VLC is part of the
KCI Konecranes Group's special cranes business and
specialises in port, terminal and shipyard
cranes.
- KCI
Konecranes website -
5.
TOYOTA LAUNCHES COLD STORE FORKLIFT  MANCHESTER, United Kingdom A reach
truck that can handle one of the most demanding
operations in warehousing has been launched by Toyota
Industrial Equipment (UK) Ltd.
The 7FBRE Cold
Store Cabin reach truck offers productive, safe
operations in cold store warehousing at temperatures as
low as 35C, Toyota said in a statement.
The new
forklift is a significant enhancement to the existing
7FBRE range, which comprises five models with capacities
from 1200 kilograms to 2500 kilograms and lift heights
of up to 10.5 metres.
The forklifts heating
system provides controlled temperatures from 5C up to
30C. Air vents direct the air flow, avoiding window
fogging, and all switches, electrical components and
motors are designed for continuous operations
at -35C.
- Toyota UK
website -
6.
DRIVER DIVES OFF RUNAWAY FORKLIFT  LLANDYSUL, United Kingdom A Welsh
mechanic suffered injuries after leaping from a runaway
forklift.
John Jones lost control of the borrowed
forklift, which rolled down a hill. He dived from the
machine before it collided with the porch of a nearby
house, a Newsquest report said.
Mr Jones broke a
leg and was airlifted to hospital, where he was in a
stable condition.
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7.
SAY GOODBYE TO FORKLIFT SEATBELTS FOREVER ,
Netherlands With European regulations requiring
driver protection for all forklifts, EBLO Seating BV has
released its Personal Protection System onto the
European market.
The EBLO Personal Protection
System fits most standard forklifts and, thanks to its
ergonomic design, does not impede drivers stepping on or
off the machine.
There are three versions
available, including one activated by the handbrake.
EBLO Seating BV is currently releasing the Personal
Protection System through its European
dealers.
Click here to see pictures of this device,
or contact EBLO Seating BVs through its website at www.eblo.nl, or email info@eblo.nl.
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8.
PROMAT 2003 Chicago, United States 10th,
11th, 12th and 13th February 2003
9.
3RD ANNUAL CENTRAL OHIO FORKLIFT RODEO Ohio,
United States 7th & 8th February 2003
10.
AIRCARGO 2003 Phoenix, Arizona, United
States 9th, 10th and 11th March 2003
11.
HANNOVER MESSE 2003 - MILESTONES IN
INNOVATION. Hannover, Germany 7th - 12th
April 2003
12.
SLING SAFETY AND FALL PREVENTION Los Angeles,
United States 16th - 17th April 2003
13.
THE SALES PROFESSIONAL PARAGON - ACCOUNT MANAGEMENT
PRACTICES - MHEDA Chicago, United
States Tuesday 11th Feb 2003, during Promat week
14.
THE SALES PROFESSIONAL - ACCOUNT MANAGEMENT PRACTICES
- MHEDA Your office anywhere in the world,
United States Monday 24th Feb 2003
15.
PROFITABILITY SOLUTIONS EXECUTIVE FORUM -
MHEDA Chicago, United States 7th and 8th
March 2003
16.
LEADING A SALES TEAM IN THE CHANGING WORLD OF
SELLING Chicago, United States Tuesday
11th Feb 2003 (during Promat week).
17.
MHEDA - SALES BOOT CAMP (LEVEL I) Miamisburg,
OH, United States March 20-22 or - September
18-20
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18.
HOISTS. INSTALLATION SERVICES OF
CRANES. Amsterdam, Netherlands Closing: 04
March 2003 TBA - Contract: CPV: 29221630, 50952110
19.
2 (TWO) KOMATSU FORKLIFT MODEL FB15SH-6 OR
EQUAL. Minneapolis, MN, United
States Closing: 27 January 2003 10:00am - Contract:
APVSERFL1-0009-3
20.
FORKLIFT TRUCKS Kabala, Greece Closing: 24
February 2003 11:00pm - Contract: CPV: 29221511
21.
PROPANE POWERED FORK LIFT Richmond, BC,
Canada Closing: 27 January 2003 2:00pm - Contract:
'RFQ 01-01-2003'
22.
PARTS FOR WIGGINS FORKLIFTS Washington, DC,
United States Closing: 21 February 2003 TBA -
Contract: VC0050-03
23.
STEEL PALLET MK3 Rock Island, IL, United
States Closing: 20 March 2003 TBA - Contract:
DAAA09-03-R-0058
24.
HARDWOOD PALLETS BREMERTON, WA, United
States Closing: 04 February 2003 TBA - Contract:
N00406-03-T-0738
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