UniCarriers has ambitious plans
Tokyo, JapanUniCarriers Corp, Nissan Motor Co and TCM Corp's new forklift company, wants to challenge the Kion Group and Jungheinrich AG to be one of the industry's top global forklift manufacturers
(Forkliftaction.com News #542).
UniCarriers, with 2010 sales of about EUR1.5 billion (USD1.9 billion), will be the sixth largest forklift maker.
Toyota Industries Corp is the world's largest forklift manufacturer, with more than EUR5 billion in sales. Kion has about EUR4 billion (USD5.1 billion) in sales and Jungheinrich's revenue exceeds EUR2 billion (USD2.5 billion).
A Nissan spokesman won't comment on any planned acquisitions but says: "It is obviouswe need size to strategically increase market and volume."
LiuGong acquires HSW
Liuzhou, ChinaChinese forklift and construction equipment maker LiuGong Machinery Corp has made its first overseas acquisition.
It has bought Huta Stalowa Wola (HSW) and its distribution subsidiary Dressta Co Ltd for an undisclosed sum. The agreement was signed in Warsaw, Poland.
HSW manufactures bulldozers and other crawler machines.
JCB uses internet for marketing
Rocester, United KingdomJCB Insurance Services has launched a new website promising quick and secure insurance purchases for customers.
General manager Michael Gregory says the website was developed to supply a large number of companies' insurance needs "quickly, easily and securely".
However, JCB retains a support team for customers who "still prefer to speak to someone" about their quotes before buying online.
PSA throughput grows
SingaporePSA International Pte Ltd handled 57.09 million TEUs of containers at its port projects worldwide for the year ended 31 December 2011.
That was 5.6% higher than the group's throughput in 2010. In 2011, PSA Singapore Terminals' throughput grew 6.1% to 29.37 million TEUs while PSA terminals outside Singapore saw throughput grow 5% to 27.72 million TEUs.
Tan Chong Meng, group CEO of PSA International, says the outlook for 2012 remains uncertain as countries struggle with the projected slowdown in growth and the potential impact on national economies.