Toyota to buy Tailift

News Story
- 2 Oct 2014 ( #687 ) - Aichi, Japan
1 min read
Tailift's plant in Shandong province.
Tailift's plant in Shandong province.
Toyota Industries Corporation (TICO) has entered into a definitive agreement to acquire the forklift business of Tailift Co., Ltd, which is active in the manufacturing and sales of industrial machine tools and forklifts mainly in Taiwan and China.

The agreement was announced by TICO president Akira Onishi.

The acquisition firms up Toyota's position as the largest forklift manufacturer in the world, with revenues last year of around USD6.88 billion.

The forklift division of Tailift has manufacturing plants in Taiwan and China and has its strength in developing, manufacturing and selling forklifts that are mainly targeted towards emerging markets.

Headquartered in Taichung, Taiwan, Tailift produces IC and electric forklifts as well as sheet metal equipment such as laser cutting machines and other industrial machine tools.

With around 1,000 employees at the end of last year, the Tailift production facilities have a capacity of around 28,000 units per year.

According to a Tailift statement, the acquisition will involve only the forklift division, which will be spun off.

The new entity will be jointly operated.

"The operation and management of the new entity will still follow the operation and management to be directed by the Lin family," says the statement.

Tailift chairman Lin Xi-wen will continuously lead and manage the new forklift business until 2020, when chairman Lin Xi-wen will reach the expected retirement age of 70 years old. "Thereafter, the operation and management of the business may be passed to (the) second generation, continuing the close co-operation with TICO in the operation of the business," the statement adds.
Briefs
Briefs 28 Sep 2023 - 1 min read
Asko takes majority stake in Hy-Brid Lifts
Asko takes majority stake in Hy-Brid Lifts 21 Sep 2023 - Gaziantep, Turkey - 1 min read
BMH adds Heli forklift brand
BMH adds Heli forklift brand 21 Sep 2023 - Washington, DC, United States - 1 min read
Previously about:
Tailift expands in Texas News Story - 23 Jun 2022 - Houston,TX, United States - 1 min read
Japanese giants eye emerging countries News Story - 22 Sep 2016 - Nagoya, Japan - 1 min read
The Chinese are coming News Story - 23 Jun 2016 - Hannover, Germany - 6 min read
TOYOTA CHINA READY FOR PRODUCTION News Story - 27 Nov 2003 - KUNSHAN, China - 1 min read
TOYOTA: WORLD'S NO. 1 FORKLIFT SUPPLIER Advertisement - 9 Oct 2003 - SYDNEY, Australia - 2 min read
TOYOTA PRODUCTION INTEGRATION DELIVERS News Story - 2 Oct 2003 - NAGOYA, Japan - 1 min read
Do you have materials handling news? Submit your news here

Showcased in the Virtual Expo

"Forkliftaction is our go-to for online advertising. We always get excellent results in terms of impressions and clicks, and quite often potential leads mention seeing our content on the site, as the reason they got in contact.”

- Rachael Tracey, Marketing Coordinator, Mobicon Systems

To learn how our brand-centred B2B campaign model can boost your advertising success:
DOWNLOAD our new Media Kit today.

Words of support …

After advertising with Forkliftaction.com, we got many enquiries regarding interest to be our distributor. Mostly from Europe and USA but including a few in ASEAN. We feel that the advertisement was useful and good for market expansion.

Lawrence Xu, Assistant Sales Manager - Resonac Asia Pacific Pte Ltd.

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

Forkliftaction's JOB MARKET

"Forkliftaction is our go-to for online advertising. We always get excellent results in terms of impressions and clicks, and quite often potential leads mention seeing our content on the site, as the reason they got in contact.”

- Rachael Tracey, Marketing Coordinator, Mobicon Systems

To learn how our brand-centred B2B campaign model can boost your advertising success:
DOWNLOAD our new Media Kit today.

Showcased in the Virtual Expo

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

Forkliftaction's JOB MARKET

PREMIUM business

Rocla AGV Solutions
Leading developer & manufacturer of automated guided vehicles (AGVs) tailored to the customers' specific needs.

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

Forkliftaction's JOB MARKET

Even the heaviest lifts must be easy to handle. That’s why N.C. Nielsen raises the bar in lifting capacity, maneuverability, operator comfort, flexibility and technical capabilities.
Heavy duty reach stackers – lifting capacity from 85 to 180 tons.
VIEW ALL OUR CUSTOM-BUILT HEAVY DUTY REACH STACKERS

Contact us now: +45 99 83 83 83 - www.nc-nielsen.com