As sales of new trucks slow , and the slowing demand for trucks in China , Are we about to see more consolidation. With the market as it is and the sale of 25% of KION and the de merger of Hyster yale out of NACCO who will be the next target for take over.
Hidetoshi Shibata, MD of Innovation Network Corp, the new TCM Nissan company has said he is looking to spend some of the billions of Yen on another warehousing equipment manufacture.
And in large trucks Cargotec are going to have to make a purchase if the want to stay a head of the competition. So where will this leave the other companies in the market , Will Hyundai , Doosan , Komatsu concentrate on there more profitable construction Business, will Young An hat company who own Clark look at there Daewoo Bus division that is more profitable and come out of forklifts , And will we see a more larger Chinese manufacture who will incorporate some of the many Chinese manufactures
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KION has taken control of 100% of Votas meaning the company is now looking to emerging markets for growth. How long before KION is taken over. before 2014
Jungheinrich do work quite well with Mitsubishi and would form quite a good alliance with the other two Companies TCM Nissan. By doing this they would be protected from the new supper companies that are going to be formed over the next couple of years. The new TCM Nisan company chairman has said that the only area that the company will look at acquisitions is in the warehouse industry the only one in this area worth buying or bringing in to the company is Jungheinrich. It is now a matter of servile with these super companies that will dominate the market with in a couple of years. Just because a company is part of a super company doesn't mean the brand will disappear we will see mainly the same brands it will be that they have become part of one of the three or Four supper companies. As for crown they will probably join Clark Doosan and Hyundai to form there own supper company to compete.
Like i have said before this will take a couple of years to form but by the end of 2014 the market will be completely different with four large Super companies and another two major companies fighting for the market.
Jungheinrich in the main is privately owned, virtually no debt and a healthy margin return.
As a group they are euro centric with a focus on emerging markets.
Despite the slow down in europe the balance sheet appears healthy with strong cash reserves.
If the euro implodes then it maybe available, but who would want to buy then. Probably the only significant player that is likely to remain outside the super group companies, but the same could be said for crown
yes and the Japanese won't want Mitsi out of there ownership so they will bring in both Jungheinrich and Mitsi into the new company. Its practically a done deal. With in three years there will be three of four super companies dominating the market. Toyota with there brands , KION who will be owned by the Chinese , Innovation Network Corp who will own Jung and Mitsi Then you will have Sammons who will own NACCO and have a tie up with HC , Then Heli who will become a large brand on there own but will be able to compete with the big three and Sammons. The rest of the market will be looking at local markets where they will sell direct
Jungheinrich and Mitsi is just a matter of time. Mitsi only bought Rocla because another large lift truck company was about to pounce. Mitsi and Jungheinrich need one another to survive long term.
Are Innovation Network Corp looking to bring Mitsubishi and Jungheirich into one large organisation that will have a turnover of around 3.4 Billion euro , to take on Toyota and KION and set the new supper companies in full flow. If so were will this leave the rest of the market with new truck sale falling in Europe and not growing that strong in North America and major over capacity in manufacturing of materials handling equipment
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