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4 major OEMs will remain
- forklift industry will continue to consolidate at manufacturer level
- we'll end up with 4 major OEMs vs present
Top mfr right now from MMH mag Aug 14 edition:
1 Toyota
2 Kion
3 Jung
4 Nacco
5 Crown
6/7 Mitsubishi/Nichiyu
above = 80% of world market
8 and below = minor leagues/Chinese

So we have 6 that make up 80% of world market

My guess is we end up with 4

Kion Nacco
Jungheinrich MCFU (nice new initials btw!)
Chinese, Koreans, and the rest

Thoughts? Combinations?
  • Posted 27 Aug 2015 11:00 PM
Total replies: 13. Showing items 1 - 13 of 13 results.
  • exalt
  • Dubai, United Arab Emirates
Hi chuck s think you are 100% right but do you think NACCO is the key to this will Doosan make a bid for NACCO or will KION get them. KION need to get them to stay in the majors if the don't they won't be in this four for long. Also do you think that Toyota might make a move for Kalmar industrial equipment allowing kalmar to concentrate of port equipment.

Another interesting part would be if Sany made a bid for NACCO or if Crown and Doosan worked more closely together
  • Posted 28 Aug 2015 03:11 AM
  • don_a
  • Vermont, United States
what makes people think nacco ,knowen now as NMHG is for sale?
  • Posted 28 Aug 2015 04:53 AM
  • exalt
  • Dubai, United Arab Emirates
sorry got it wrong NACCO is not for sale , its Hyster Yale that is for sale. When NACCO spun the Hyster Yale materials handling business into a new company called Hyster Yale they openly said it was for sale. Now i don't think they have changed any of there plans as as far ias i know the Hyster Yale business is still for sale. But yes you are correct NACCO is not for sale
  • Posted 28 Aug 2015 05:07 AM
  • • Modified 28 Aug 2015 05:10 AM by poster
You can argue the H-Y [url removed] spin off from Nacco in a variety of different ways. Coal is hated by Obama, etc and price of the parent's stock has suffered. They extracted the forklift from coal, they created a separate stock, and the family behind Nacco's wealth increased. For that reason alone it made sense. Not really believing that they are openly "for sale". Nacco history should be viewed in the context of Al Rankin running Eaton MH division then going back to his family (Nacco) for money to buy it. Don't look at Nacco as a coal company that happens to be in forklift biz.

Now on Doosan, dunno, I'm not believing it. I could see Doosan buying Clark, but Doosan themselves are really not industrial equipment people. They sort of tripped into this business as a result of the 1999 chaebol failures (Daewoo).
  • Posted 29 Aug 2015 03:57 AM
The odd thing is that when you go to the www. the spaces) they still reference NACCO but it is now call NACCO Material Handling Group doing business as Hyster-Yale. They make it look like NACCO is still involved, which maybe they are, as other companies spin off divisions and run them as a separate company so if something happens it does not directly affect the parent company.

Doosan is big on the heavy equipment side similar to how Cat Inc is and then spun off the forklift side of the business.
  • Posted 29 Aug 2015 04:32 AM
  • exalt
  • Dubai, United Arab Emirates
Do you think that if Doosan don't buy NACCO they will be left behind, I can see Hyundai buying Clark. Plus there is also Sany and HC to add to this HC do work with Hyster Yale and Sany need a entry in to the lower size forklift market with out buying Chinese.

But on the hole you can see just 3 or 4 major OEM'S in the market with NACCO being the biggest target to buy. Sammons have not yet made a move and to be honest they have had enough time if they wanted to buy NACCO. I could see if KION bought NACCO Briggs going the Korean way like Doosan and Hyundai
  • Posted 29 Aug 2015 07:15 PM
When NACCO finalizes their dealer alignment, it will be time for NACCO to [url removed] Rankin is not getting any younger.
  • Posted 1 Sep 2015 01:01 AM
As far as i know, Doosan after purchasing Bobcat appeared to be in some kind of trouble. There were some rumours, that they overinvested.
Prehaps that's why they excluded forklifts from Doosan Infracore and created a new company - DIV (Doosan Industrial Vehicle).
And, as some birds are singing - it's for sale.
I don't think they are the candidate for NACCO trucks branch purchase.

I know your deepest secret fear...
  • Posted 1 Sep 2015 07:05 PM
Since Hyster yale is a separate publicly traded company they are always for sale if you buy enough stock.
  • Posted 2 Sep 2015 04:36 AM
I don't think that's accurate. Pretty sure they have 2 classes of common stock. Yes you can buy class A but without having access to class B shares which Nacco Industries owns there's only a certain amount of "float" that you can buy.
Check out their investor relations site there's an FAQ on the classes of shares, etc.
  • Posted 3 Sep 2015 11:34 PM
  • • Modified 3 Sep 2015 11:34 PM by poster
Pape in the Northwest for NACCO will acquire Johnson Lift /Hyster in LA and South. [url removed] dealers in the area should be nervous. NACCO moving to fewer dealers.
  • Posted 10 Sep 2015 11:00 PM
  • exalt
  • Dubai, United Arab Emirates
I wonder how the Hoist privet label agreement with Toyota USA will effect Taylor
  • Posted 16 Sep 2015 05:18 AM
  • exalt
  • Dubai, United Arab Emirates
The fork lift market is mainly going to be between Japanese and Chinese manufactures.This is why the Japanese government who were major shareholder s in unicarrier got Mitsubishi to purchase them instead of selling to KION who are now seen as a chinese company,a lot of management decisions on KION are now made in [url removed] Two big Japanese manufactures of Toyota and now Mitsubishi will continually grow their business at the expense of smaller [url removed] like Hoist will survive from having deals like. Hoist have already done with Toyota wich is a good deal for [url removed] like Kalmar,Sany,konecranesTerex new co will survive as special maufactures of low number special machines like container handling equipment and high capacity fork [url removed] companies will have to look at ever local markets or having something different to offer to survive in this new environment in five to ten years time the number of manufactures will be greatly lower
  • Posted 19 Sep 2015 09:46 PM
Total replies: 13. Showing items 1 - 13 of 13 results.

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