AmeraMex ships Taylor reach stacker

News Story
- 4 Mar 2010 ( #451 ) - Chico, CA, United States
2 min read
A Taylor reach stacker.
A Taylor reach stacker.
AmeraMex International Inc has delivered a USD600,000 reach stacker from Taylor Machine Works Inc for container handling at a federal weapons depot in northern California.

Four AmeraMex heavy-haul trucks transported the 80-ton (72,000 kg) stacker. An onsite rigging team employed two cranes over four days to assemble the equipment at the unidentified location. Taylor Machine production occurs in Louisville, Mississippi.

"We have been advised that purchasing additional Taylor equipment for the weapons depot is under consideration," says Lee Hamre, AmeraMex president and chief executive officer. Chico-based AmeraMex has a contract to provide onsite maintenance to the depot's fleet of heavy equipment.

As structured under an October letter of intent, AmeraMex intends to merge forklift dealer Cromer Equipment, legally East Bay Clarklift Inc, of Oakland, California, into AmeraMex operations. In addition to Oakland, Cromer Equipment has a site in Santa Rosa, California.

For the moment, Cromer Equipment rents office and shop space at AmeraMex headquarters for its sales representative and technicians to sell and service forklift lines that Cromer represents. Those lines include the Caterpillar, Clark, Doosan, Kalmar, Combilift and Donkey brands.

"With Lee Hamre's time being spent in Africa, the current economic condition and completion of due diligence, we do not believe the (Cromer) transaction will be completed before the end of the second quarter" ending 30 June, says Marty Tullio, AmeraMex investor relations spokesman. "Things are moving positively but slowly."

Hamre intends to provide an update on the company's activities in Africa as soon as there is confirmation on two or three agreements currently in various stages of completion and funding.

Publicly traded AmeraMex reported a loss of USD396,100 on sales of USD7.4 million for the nine-month period ended 30 September.

"While this has not been a stellar year for the sector in general, Mr. Hamre has had the foresight to build extremely strong international relationships which we expect to pay off in 2010," Tullio reports.
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