Nichiyu sets up Thai subsidiary

News Story
- 15 Sep 2011 ( #531 ) - Sriracha, Thailand
2 min read
Nichiyu Forklift (Thailand) Co Ltd will manufacture battery-powered forklifts and parts.
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.
Interroll completes Indian acquisition
Interroll completes Indian acquisition 12 Sep 2024 - Sant'Antonino, Switzerland - 1 min read
Doosan Bobcat announces global brand strategy
Doosan Bobcat announces global brand strategy 16 Mar 2023 - Seoul, Korea, Republic Of - 1 min read
Narrow Aisle delivers record turnover
Narrow Aisle delivers record turnover 16 Mar 2023 - Tipton, United Kingdom - 1 min read
Do you have materials handling news? Submit your news here

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!

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

It’s the year 2000. You’re in front of a boxy beige desktop waiting for the screeching ramblings of your dial-up to reach its finale. You go to Yahoo!, MSN, or maybe AOL, and start the mind-numbing process of finding your very specific needle in the digital haystack. And with web pages loading one image at a time, patience isn’t just a virtue – it’s a requirement!

As clumsy as this early iteration seems now, this technology was the great enabler that allowed Forkliftaction to connect to the industry across the globe.  

To everyone who has connected with Forkliftaction in the past 25 years, thank you for your contribution to our success! We feel deeply touched by your words of encouragement.

What has Forkliftaction meant to you? Drop us a line.

PREMIUM business

F. Uchiyama
Global exporter of used forklift and construction machinery, servicing over 80 countries.

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

Forkliftaction's JOB MARKET

PREMIUM business

Hyster
Hyster is a world-leading provider of forklift trucks and services in the materials handling industry.

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!