Hitachi, Nissan to integrate forklift businesses

News Story
- 1 Dec 2011 ( #542 ) - Tokyo, Japan
1 min read
Hitachi Construction Machinery Co. and Nissan Motor Co. have announced that they will integrate their forklift businesses to enhance their competitiveness amid expectations for strong demand growth in emerging economies.

According to a report in Japan's Mainichi Daily News, the two companies' operations run by subsidiaries will be integrated and operated by the northern spring of 2012 under a new company to be set up by the Innovation Network Corporation of Japan, an investment fund backed by the government.

Under the agreement, Hitachi Construction's TCM Corp. subsidiary and Nissan's Nissan Forklift Co. unit will be merged under the new company to be called UniCarriers Corp., in which the INCJ will invest a total of JPY 30 billion (USD 386.4 million) to take the majority of the new firm's shares in terms of voting rights.

Hitachi Construction and Nissan will hold stakes in the new firm in proportion to their subsidiaries' share transfer and will continue to support the growth of the forklift business by providing technology and engaging in joint research and development projects, according to the report.

The move is aimed at securing a large share in growing markets as many Japanese forklift manufacturers do not have sufficient operational scale to capture share in expanding markets despite their technological advantage.
Merger creates new MH entity in US
Merger creates new MH entity in US 30 Jan 2025 - Charlotte, NC, United States - 1 min read
Clark moves global HQ back to US
Clark moves global HQ back to US 27 Jun 2024 - Dallas, TX, United States - 1 min read
Automated Handling Solutions launched
Automated Handling Solutions launched 5 May 2022 - Chicago, IL, United States - 1 min read
Previously about:
Nissan launches NFCdirect.com News Story - 19 Jan 2012 - Marengo, IL, United States - 1 min read
Nikkei: Hitachi seeks alliance with Nissan News Story - 13 Oct 2011 - Tokyo, Japan - 1 min read
Briefs News Story - 10 Sep 2009 - 1 min read
Briefs News Story - 19 Jan 2012 - 2 min read
Nissan spins off forklift division News Story - 20 May 2010 - Tokyo, Japan - 1 min read
Do you have materials handling news? Submit your news here

"During these 10 years, Hangcha has seen remarkable growth: revenue surged 3.6 times to ¥16.49 billion (2024), we established 18 overseas subsidiaries, pioneered industry-leading lithium forklifts and intelligent logistics solutions and significantly elevated our global brand. We deeply appreciate Forkliftaction's effective platform and unwavering support." - Kelly Xu, Marketing Specialist - Zhejiang HANGCHA Imp. & Exp. Co.,Ltd. 

Thanks for your support! Read the full testimonial & more industry messages ♥ here.

Words of support …

Thanks to advertising with Forkliftaction, we have received inquiries and more and more people are aware of Ningbo Ruyi Joint Stock Co.,Ltd, which fits with our company's goal to go global and let the world know more about the benefits of our Xilin brand.

Michille Shi, Vice General Manager Sales

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

Forkliftaction's JOB MARKET

"During these 10 years, Hangcha has seen remarkable growth: revenue surged 3.6 times to ¥16.49 billion (2024), we established 18 overseas subsidiaries, pioneered industry-leading lithium forklifts and intelligent logistics solutions and significantly elevated our global brand. We deeply appreciate Forkliftaction's effective platform and unwavering support." - Kelly Xu, Marketing Specialist - Zhejiang HANGCHA Imp. & Exp. Co.,Ltd. 

Thanks for your support! Read the full testimonial & more industry messages ♥ here.

"During these 10 years, Hangcha has seen remarkable growth: revenue surged 3.6 times to ¥16.49 billion (2024), we established 18 overseas subsidiaries, pioneered industry-leading lithium forklifts and intelligent logistics solutions and significantly elevated our global brand. We deeply appreciate Forkliftaction's effective platform and unwavering support." - Kelly Xu, Marketing Specialist - Zhejiang HANGCHA Imp. & Exp. Co.,Ltd. 

Thanks for your support! Read the full testimonial & more industry messages ♥ here.

Inside The News
In this week’s Forkliftaction News we report on the recent IMHX event in Birmingham with coverage of new product launches, key themes and observations from those attending. We also name the winners of the 2025 Archies Awards, held in conjunction with IMHX... Continue reading

PREMIUM business

VETTER Industrie GmbH
The world's most comprehensive range of forks and the most intelligent sensor fork for more safety and efficiency.

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

Forkliftaction's JOB MARKET