JUNGHEINRICH TO CLOSE MIC SA

News Story
- 13 Nov 2003 ( #133 ) - HAMBURG, Germany
1 min read
Jungheinrich AG intends to close its troubled MIC SA division in France next year, potentially affecting 375 employees.

MIC SA, which makes hand pallet trucks, had been affected by the "increasing dominance" of Asian competitors.

"The fundamental changes in the world market for hand pallet trucks have led to declining levels of incoming orders and to losses at MIC SA as a result of the increasing dominance of Asian producers with the associated enormous pressure on prices," Jungheinrich's third quarter report said.

"The worsened and still worsening parameter conditions in the market and the financial position of MIC SA mean it is no longer possible to continue operation of the company without taking further substantial financial resources (from) the group."

In the report, released last week, Jungheinrich said it "stood its ground" in the third quarter despite difficult economic conditions. It reported improved returns on sales and higher net income.

The company achieved sales of EUR370 million (USD446 million) in the third quarter, up 2.8% on the EUR360 million (USD414 million) posted for the same quarter in 2002. The result put sales at EUR1.086 billion (USD1.249 billion) for the nine months to September 30.

Incoming orders finished at EUR349 million (USD402 million), down from the EUR357 million (USD410 million) posted last year. Net income rose 26.5% from EUR10.2 million (USD11.9 million) to EUR12.9 million (USD15 million).
Mitsubishi Logisnext Americas electrification factory built
Mitsubishi Logisnext Americas electrification factory built 8 May 2025 - Houston, TX, United States - 1 min read
Electric forklift market to grow by 10.2% annually
Electric forklift market to grow by 10.2% annually 5 Dec 2024 - Wilmington, DE, United States - 1 min read
JCB invests $500 million in North American factory
JCB invests $500 million in North American factory 13 Jun 2024 - San Antonio, TX, United States - 1 min read
Previously about:
IFOY Award winners named News Story - 10 Jul 2025 - Dortmund, Germany - 2 min read
Movers & Shakers News Story - 19 Jun 2025 - 1 min read
Jungheinrich returns to UK headquarters News Story - 5 Jun 2025 - Milton Keynes, United Kingdom - 1 min read
Jungheinrich positioned for growth News Story - 4 Jun 2004 - HAMBURG, Germany - 3 min read
JUNGHEINRICH SEES LITTLE GROWTH News Story - 13 May 2004 - HAMBURG, Germany - 1 min read
JUNGHEINRICH TO CLOSE FRENCH DIVISION News Story - 18 Dec 2003 - HAMBURG, Germany - <1 min read
Do you have materials handling news? Submit your news here

“Over the years, your platform has played a key role in expanding our global presence — connecting us with industry professionals and promoting our advanced products, including our 50T electric forklift...Forkliftaction has helped us stay informed and competitive in a rapidly evolving market…”  - Bill Cai, Director, Overseas Division, Fujian Southchina Heavy Machinery Manufacture Co., Ltd

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

Words of support …

Undoubtedly, peer experience plays a crucially important role in our industry and it is extremely valuable for us to be part of the platform, where industry professionals, as well as end users can discuss and learn more about the materials handling world.

Alexandra Artemova, Marketing Specialist

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

Forkliftaction's JOB MARKET

“Over the years, your platform has played a key role in expanding our global presence — connecting us with industry professionals and promoting our advanced products, including our 50T electric forklift...Forkliftaction has helped us stay informed and competitive in a rapidly evolving market…”  - Bill Cai, Director, Overseas Division, Fujian Southchina Heavy Machinery Manufacture Co., Ltd

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

PREMIUM business

ROYPOW
Manufacturer of lithium forklift battery solutions, the global leader in the market of lithium batteries replacing lead acid batteries.

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

Forkliftaction's JOB MARKET

“Over the years, your platform has played a key role in expanding our global presence — connecting us with industry professionals and promoting our advanced products, including our 50T electric forklift...Forkliftaction has helped us stay informed and competitive in a rapidly evolving market…”  - Bill Cai, Director, Overseas Division, Fujian Southchina Heavy Machinery Manufacture Co., Ltd

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