Ads
News service and business centre for materials handlingHOME
Search  
/lynad/news_adclick.asp?assid=18492

18501,18503 10378
Nichiyu sets up Thai subsidiary
Thursday, 15 Sep 2011 ( #531 ) - Sriracha, Thailand
News Story
Nichiyu Forklift (Thailand) Co Ltd will manufacture battery-powered forklifts and parts.
Nichiyu has established a manufacturing subsidiary in Thailand as part of its medium- and long-term goals to sell more forklifts outside Japan. It also wants to meet rapidly growing demand in Asia, a market in which it specialises.

The number of new employees for Nichiyu Forklift (Thailand) Co Ltd, which was established on 15 August, has not been decided. The chairman of the new company is Seiho Onoe, while Masahiro Ono is the managing director. The office is located in the town of Sriracha in Chonburi province.

Nichiyu plans to build the new plant on an acquired 42,000 sqm (452,084 sqft.) site in the Amata City Industrial Estate in Rayong province, 114 km south-east of Bangkok. Construction will start in the northern spring of 2012 and is scheduled for completion in December 2012. Full-scale operations are planned to start in April 2013.

The industrial estate is accessible via Thailand’s international airport and Laem Chabang Deep Sea Port, Thailand’s largest port, is also close by. The site is ideally located for the export and import of forklifts and parts.

About 90% of the forklifts produced in Thailand will be exported to neighbouring countries. In the first year, approximately 2,500 units are planned for production. Nichiyu will meet forklift demand in China, Asia, Oceania, Russia and the Middle East with its two Asian plants.

Nichiyu has a Chinese plant - Shanghai Nichiyu Forklift Manufacturing Co Ltd. Thailand was chosen for a second manufacturing base because Nichiyu says it has the highest demand for forklifts in Asia, after China.

Nichiyu Forklift (Thailand) Co Ltd was established with a capital of JPY400 million (USD5.2 million). Further investment sums will be determined later. The subsidiary is not 100% owned by Nichiyu and individual founders hold stock in accordance with Thai regulations.

The Thai subsidiary will manufacture and sell battery-powered forklifts and parts, maintain forklifts and import and export forklifts and related parts.
Discuss Forkliftaction.com News stories in the Discussion Forums!
x
separate border
THIS WEEK'S NEWS
Global News

Global News

FRANCE French equipment maker Haulotte Group has ended the third quarter ... [more]
UNITED STATES Alden Equipment has been awarded a five-year contract to supply ... [more]
UNITED KINGDOM The UK logistics industry is ready and willing to work ... [more]
/lynad/news_adclick.asp?assid=18495
Ads


FINLAND Hiab has received orders for more than 30 HIAB loader ... [more]
Cascade Corporation, Heartland Automation [more]
GERMANY Dutch tower crane rental and sales specialist Stravers Torenkranen (STK) ... [more]
UNITED STATES The MHI Career and Technical Education (CTE) program, in partnership ... [more]
TURKEY Turkish company Modern Enerji Elektrik Üretim has found a solution ... [more]
UNITED KINGDOM A worker has died in an incident involving a forklift ... [more]
UNITED KINGDOM British 3D printing enthusiast and LEGO Technic fan Matt Denton ... [more]
Advertisement
Next year’s feature dates and topics are now confirmed! Although the topics may be refined further we are excited to reveal that the following areas will be covered: 22nd February: Power Solutions - an update 31st May: Fleet and Stock Management 27th September: Forklift Manufacturing in Europe ... [more]

Announcements (Ads)

/lynad/news_adclick.asp?assid=18505
Ads


Miretti Americas continues the evolution of EX technology advancements for ... [more]
Closely cooperating with the paper industry worldwide, here is the ... [more]
/lynad/news_adclick.asp?assid=18504
Ads


New FOREWARNER-LED warning lights from KEYTROLLER significantly improve awareness of ... [more]
RICO’s next generation of Explosion Proof lift trucks, AC-60 Phoenix ... [more]
In addition to our SLB-Series Smart Load Banks, Eagle Eye ... [more]
CeMAT Russia featured 180 companies from 20 countries during its ... [more]
Safety First

Safety First(Blog)

The influx of non-English speakers from less privileged backgrounds is ... [more]
/lynad/news_adclick.asp?assid=18494
Ads


Subscribe to the weekly e-newsletter.
NEWS ARCHIVE | PAST NEWSLETTERS
©2013 Forkliftaction.com - All rights reserved
 
x
©Forkliftaction.com
Forkliftaction Media Pty Ltd
PO Box 1439
Milton QLD 4064
Australia
Contact Forkliftaction.com
About Forkliftaction
The Forkliftaction Team
Privacy Policy
Site Map
Help
Business Directory
Discussion Forums
Industry News
Events Calendar
Jobs & Resumes
Photo Galleries
Blog articles
Our Bloggers

Industry Brands
Company Index
Regions & Countries
Machinery-onQ.com

Advertise on Forkliftaction
Editorial Features / Calendar
Featured Businesses
Past News Editions
Industry Associations
Storing your login information automatically.

When you select the 'Remember me' option, your login information will be stored on your computer in the form of a cookie. When you visit Forkliftaction.com again, the stored login information will be retrieved automatically and you will not have to submit your login parameters (email address and password) each time you want to visit our members-only pages.

A cookie is a small piece of data that is sent to your browser from a web server and stored on your computer's hard drive. A cookie can't read data off your hard disk or read cookie files created by other sites. Cookies do not damage your system.

 Back to Top