Nacco’s ‘ambitious program’ targets market share

News Story
- 31 Mar 2005 ( #202 ) - MAYFIELD HEIGHTS, OH, United States
1 min read
The Hyster S50FT Fortis forklift.
The Hyster S50FT Fortis forklift.

A Nacco Industries Inc subsidiary has embarked on "an ambitious program" to gain market share and showcase its ability to manufacture products for specific applications.

Alfred Rankin, chairman, president and chief executive officer of Nacco Material Handling Group (NMHG), told a March 17 conference call with security analysts the program was "far and away the most ambitious we have undertaken".

During 2004, NMHG invested USD50.8 million on product design and development, which helped support work on the new forklifts.

The new forklifts are initially being produced in the Berea, Kentucky, US plant.

Trucks in the initial launch have internal combustion (IC) engines, cushion tyres and lifting capacities of 4000lbs (1800kg) to 7000lbs (3150kg).

Over the next few months, NMHG will introduce three additional series of Hyster and Yale forklifts in 2000lbs (900kg) to 4000lbs (1800kg) IC cushion and pneumatic models and in 4000lbs (1800kg) to 7000lbs (3150kg) pneumatic versions.

NMHG said the new entries had better reliability than competitors' products, industry-best cooling performance and better adaptability to specific customer applications and requirements.

"The transition to the new products in the Americas and Europe will affect operations in the first and third quarters of 2005," Rankin said.

"The costs will pressure Nacco's profit potential, especially in the first quarter ending March 31.

"The pressure should be alleviated by the end of 2005 as manufacturing locations move into full production of this first wave of new products," Rankin said.

Product introductions under the NMHG program were projected to extend into 2008 and involve forklifts with lifting capacities up to 16,000lbs (7200 kg).
Shidao makes Hiab hooklifts
Shidao makes Hiab hooklifts 18 May 2023 - Dalian, China - 1 min read
Briggs adds Maximal range
Briggs adds Maximal range 9 Mar 2023 - Staffordshire, United Kingdom - 1 min read
JLG adds capacity at three plants 
JLG adds capacity at three plants  24 Mar 2022 - McConnellsburg, PA, United States - 1 min read
Previously about:
New name and logo for NACCO Materials Handling Group News Story - 19 Nov 2015 - Cleveland, OH, United States - 1 min read
Deal will double Poole’s revenue News Story - 25 Jun 2015 - Raleigh, NC, United States - 1 min read
Load handling in the harshest port operating environments Advertisement - 6 Nov 2014 - 4 min read
Shake-up for Hyster, Yale dealers News Story - 18 Jun 2015 - Cleveland, OH, United States - 3 min read
Brogan shares views on industry News Story - 28 Aug 2014 - Fairview, OR, United States - 3 min read
NMHG reorganises Hyster, Yale News Story - 20 Mar 2014 - Greenville, NC, United States - 2 min read
Do you have materials handling news? Submit your news here

PREMIUM business

BSL New Energy Technology Co., Ltd
BSLBATT - practical expertise and excellent design in the industrial lithium-ion battery 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.

Words of support …

These releases in Forkliftaction are a nice experience for SNDC... We got seven inquiries coming from Canada, USA, Mexico, Israel and Australia (five from retailers, two from machines manufacturers) and we are still in contact with them. I can state that's a success story!

David Massat, Sales Director OEM and Export

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.

Inside The News
This week Forkliftaction News is celebrating its 25th anniversary! A wonderful achievement given we launched at a time when just 6% of the world’s population were internet users, according to Internet World Stats . Over the coming weeks, we will be sharing stories about our history and rolling out more celebrations, so keep an eye out... Continue reading

PREMIUM business

Hawker Powersource, Inc.
HAWKER® offers a range of hybrid motive power solutions customized to adapt as your operation's needs change.

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

Forkliftaction's JOB MARKET

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.