Japanese giants eye emerging countries

News Story
- 22 Sep 2016 ( #788 ) - Nagoya, Japan
1 min read
Tailift - Toyota's spearhead into Asia
Tailift - Toyota's spearhead into Asia
Major Japanese forklift makers are developing operations in emerging economies, aiming to stay competitive by capitalising on these growing markets, according to the Nikkei news service.

The report notes that Japan's forklift manufacturers have a one-third marketshare globally.

It cites Toyota Industries, the world's largest producer of forklifts, and its Tailift subsidiary, which "makes competitively priced units that the parent aims to sell in India, Africa and South East Asia".

According to the report, Tailift aims to increase sales, which came in below 10,000 units in 2015, to between 20,000 and 30,000 by 2020.

Nikkei also reports that Mitsubishi Heavy Industries will "unify sales networks within Singapore, Malaysia and Australia. Along with expanding offerings, it will streamline to cut costs".

UniCarriers, acquired by Mitsubishi in the spring, will also realign by consolidating production, sales bases and supply chains. It aims to reach a 10% global marketshare, the report notes.
Previously about:
Bachy Soletanch switches to Mitsubishi electric forklifts News Story - 7 Mar 2024 - Burscough, United Kingdom - 1 min read
Mitsubishi UK unveils new electric counterbalance forklifts News Story - 1 Feb 2024 - Thame, United Kingdom - 1 min read
Mitsubishi fleet reduces racking repairs for Makita News Story - 25 Jan 2024 - Milton Keynes, United Kingdom - 1 min read
Tailift expands in Texas News Story - 23 Jun 2022 - Houston,TX, United States - 1 min read
The Chinese are coming News Story - 23 Jun 2016 - Hannover, Germany - 6 min read
Tailift launches Z series News Story - 24 Sep 2015 - Taichung, Taiwan - 1 min read
Toyota admits breaches of engine standards News Story - 1 Feb 2024 - Kariya, Japan - 2 min read
Toyota completes Vanderlande purchase News Story - 25 May 2017 - Stockholm, Sweden - 1 min read
TICO to invest billions to strengthen market position News Story - 20 Jun 2013 - Tokyo, Japan - 1 min read
Mitsubishi launches new UniCarriers models News Story - 21 Sep 2023 - Marengo, ILL, United States - 1 min read
UniCarriers brand scrapped in UK News Story - 26 Jan 2023 - Oxon, United Kingdom - 1 min read
UniCarriers adds heavy-duty electric truck News Story - 8 Jul 2021 - Almere, Netherlands - 1 min read
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