Sth Koreans swamped by used Japanese forklifts

News Story
- 15 Jul 2004 ( #166 ) - SEOUL, Korea, Republic Of
1 min read
Second-hand forklifts from Japan were restricting the profitability of South Korean manufacturers, statistics from the Construction Equipment Manufacturers Association (CEMA) have revealed.
Without import restrictions to stem the flow of cheap used forklifts, most of which were battery-powered, there was little South Korean manufacturers could do to protect market share, the Tokyo-based CEMA said.
An Asia Pulse report stated: "CEMA cited statistics that showed imported used forklifts accounted for 28.3% of the South Korean market - and 90% of those imports were from Japan."
Clark Material Handling co-president Yoonho Lee told Forkliftaction.com News that imports of the second-hand Japanese products were "affecting" Clark's business locally.
"There are a lot of Japanese trucks entering the market and it is affecting our business, though not significantly," he said.
"There are others in the market that are being affected worse."
Yonhap News Agency quoted an anonymous Clark source as saying: "For the past four years, we have had to incur a loss of 2 billion won (USD1.7 million) every month because of the large inflow of cheap second-hand forklifts from Japan."
The report said used forklifts from Japan were usually priced between 2 million won (USD1700) and 5 million won (USD4300), while new, locally-made products sold for 20 million won (USD17,000) on average.
A CEMA official told Asia Pulse that government regulation of used forklift imports was "greatly needed".
The Japan Industrial Vehicles Association would not comment on the issue before deadline.
Rebo Systems has developed a unique in-house label printer that can effectively satisfy all your demands for signs and labels on your materials handling equipment.
Automation solutions applied to the material handling world are continuously evolving. The latest technology development in Bolzoni has been to design and manufacture fully electric driven attachments to fit Automated Guided Vehicles.
“…I'm happy to report that we recently appointed an ideal candidate who found us via the Forkliftaction ad. This speaks volumes from my point of view.” - Hamish Clark, President...
"Thanks to our advertising with Forkliftaction, we were able to find new distributors for our disruptive proximity warning solution". Andreas Geamanu Global Sales & Marketing, Lopos Whatever your objective, we...

Movers & Shakers

senior marketing manager
Tompkins Robotics, United States
chief digital officer
Wiferion, Germany
director of dealer development
Toyota Material Handling, United States
director of national accounts
Toyota Material Handling, United States
Tailift has announced the release of their Z-Series lithium-battery electric forklifts! Built specifically to meet the needs of warehouses, distribution centers, and manufacturing facilities.
Rebo Systems has developed a unique in-house label printer that can effectively satisfy all your demands for signs and labels on your materials handling equipment.

In the Virtual Expo

SMS RI Multi-colour Print & Cut Industrial Labelling System
This unique in-house label printer manages all your customised label printing - the most user-friendly and efficient print & cut system ever. Easy to use, reliable, produces durable signs and labels.

Latest Jobs

Melbourne, Australia
Le Mars, IA, United States
Ghent, Kentucky, United States
Lexington, United States

Inside Forkliftaction

After some pessimism last year, the International Monetary Fund has increased its 2022 and 2023 growth forecasts. Global growth will slow from 3.4% in 2022 to 2.9% in 2023 and then rebound to 3.1%, the global agency predicts.
The IMF is encouraged by the recent reopening of China, which it
...Continue Reading