Clark awards top dealers
LEXINGTON, KY, United States
Clark Material Handling Company has recognised its top performing North American dealers for 2007.

Ogden Forklifts from Atlanta, Georgia, is dealer of the year. The winner is chosen by Clark staff out of all "dealer of excellence" winners.

Tri-Lift NC Inc in Greensboro, North Carolina and AR Williams Material Handling in Calgary, Alberta, Canada are the dealers of excellence winners. Dealers of distinction include G&W Equipment Inc from Charlotte, North Carolina; Piedmont Forklift Inc in Greenville, South Carolina; Cardinal Carryor from Louisville, Kentucky; Forklifts Inc in Mechanicsburg, Pennsylvania; and Raymond of New Jersey, in Union, New Jersey.

Doosan takes over Tongmyung
SEOUL, South Korea
Doosan Corp has signed an agreement to acquire a 53% stake in Korea's leading hydraulic equipment maker, Tongmyung Mottrol, for KRW104 billion (USD107.7 million).

Tongmyung Mottrol in Changwon-si, Gyeongsangnam-do manufactures excavator components like main pumps, travel motors and other hydraulic machines.

It employs 370 people and posted sales of KRW222.7 billion (USD230.5 million) and a net profit of KRW13.5 billion (USD14.0 million) in 2007.

Demand for paperboard boxes rising
CLEVELAND, OH, United States
Demand for corrugated and paperboard boxes is expected to rise 2.5% per annum through to 2012 to USD39.9 billion, according to a report by The Freedonia Group Inc.

The study, titled Corrugated & Paperboard Boxes, says the growth will be spurred by producers seeking to boost the aesthetic appeal of boxes that offer improved printing and graphics capabilities in the face of competition from alternative packaging.

Internet shopping's popularity is also predicted to drive demand for shipping boxes.

Jungheinrich forecasts single-digit growth
HAMBURG, Germany
Jungheinrich AG expects to grow in the medium single-digit percent range this year following the strong growth it achieved in 2007.

The group's management board proposed dividend increases after announcing a 14% hike in net sales from EUR1.748 billion (USD2.687 billion) in 2006 to EUR2.001 million (USD3.075 billion) in 2007. Operating income jumped 18% from EUR118.3 million (USD181.8 million) to EUR139.5 million (USD214.4 million).

Jungheinrich will disclose details on its 2007 financial year at its press conference on 9 April in Hamburg.