Forklift venture pursues global growth

News Story
- 14 Jun 2012 ( #569 ) - Tokyo, Japan
1 min read
The forklift joint venture of Hitachi Construction Machinery Co Ltd and Nissan Motor Co Ltd aims to make acquisitions in Japan and abroad in its bid to compete with Toyota Industries Corp and KION Group.

Hidetoshi Shibata, managing director of the joint venture's largest shareholder, Innovation Network Corp of Japan, told Bloomberg that size matters. "There is also momentum toward consolidation in the industry."

Shibata didn't name acquisition targets for the new company, named UniCarriers Corp, but he did tell the news service that warehouse equipment makers may have to unite as slower demand growth in China raises concerns about overcapacity.

UniCarriers, formed this year, will maintain the TCM brand from Hitachi Construction and the Nissan Forklift name (Forkliftaction.com News #563).
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Previously about:
UniCarries finalises acquisition News Story - 20 Feb 2014 - Tokyo, Japan - 2 min read
UniCarriers to merge by spring News Story - 2 Aug 2012 - Tokyo, Japan - 1 min read
INCJ, Hitachi and Nissan sign agreement News Story - 3 May 2012 - Tokyo, Japan - 1 min read
KION unveils upgraded automation centre News Story - 26 Jun 2025 - Xiamen, China - 1 min read
KION opens automated distribution centre News Story - 22 May 2025 - Kahl am Main, Germany - 1 min read
Movers & Shakers News Story - 16 Jan 2025 - 2 min read
UniCarries finalises acquisition News Story - 20 Feb 2014 - Tokyo, Japan - 2 min read
UniCarriers to merge by spring News Story - 2 Aug 2012 - Tokyo, Japan - 1 min read
INCJ, Hitachi and Nissan sign agreement News Story - 3 May 2012 - Tokyo, Japan - 1 min read
Toyota suspends diesel, petrol models News Story - 20 Apr 2023 - Kariya, Japan - 3 min read
TICO and TMC consolidate engine production News Story - 4 Dec 2014 - Tokyo, Japan - 1 min read
Double-digit sales growth for Asian manufacturers News Story - 13 Feb 2014 - Tokyo, Japan - 1 min read
KION and MHI eyeing UniCarriers? News Story - 2 Apr 2015 - Frankfurt, Germany - 2 min read
UniCarries finalises acquisition News Story - 20 Feb 2014 - Tokyo, Japan - 2 min read
UniCarriers merger ahead of schedule News Story - 4 Apr 2013 - Tokyo, Japan - 4 min read
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PREMIUM business

Zhejiang UN Forklift Co., Ltd
Manufacturer of IC forklifts, electric forklifts and warehouse equipment.

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Since July 2000, Forkliftaction News has been your guide to the developments that are shaping your industry.

Starting today we are also looking back on some of the key news stories from our extensive news archive.

In the news email and on the website, you'll see links to stories that were 'leading our news' multiple years ago, with topics spanning world-first products, big acquisitions, and major industry shifts.
We hope you enjoy this unique insight into the materials handling industry!

PREMIUM business

Zhejiang UN Forklift Co., Ltd
Manufacturer of IC forklifts, electric forklifts and warehouse equipment.

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

Since July 2000, Forkliftaction News has been your guide to the developments that are shaping your industry.

Starting today we are also looking back on some of the key news stories from our extensive news archive.

In the news email and on the website, you'll see links to stories that were 'leading our news' multiple years ago, with topics spanning world-first products, big acquisitions, and major industry shifts.
We hope you enjoy this unique insight into the materials handling industry!