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 and Li-Cycle strike a partnership News Story - 30 Mar 2023 - Frankfurt, Germany - 1 min read
Movers & Shakers News Story - 10 Mar 2022 - 1 min read
KION begins work on new plant in China News Story - 20 Aug 2020 - Frankfurt, Germany - 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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