Japanese Forklift maker TCM Corp will increase forklift parts exports for assembly of forklifts in its overseas plants, aiming to set up a global logistics system which will lead to lower forklift prices.

Forklift parts exports currently command about five percent of TCM's total production. The company has manufacturing plants in the USA, China and Belgium, and distribution centres in Asia, Oceania, Europe, Africa, the Middle and Near East, and north, central and south America.

TCM started manufacturing forklifts at its Chinese subsidiary, Anwhei TCM Forklift Company, last October. A TCM spokesman told Japanese newspaper Nikkan Kogyo Shimbun that, in establishing an overseas base in China, the company was exploring business opportunities in Shanghai and other Chinese cities.

TCM began construction of a 12,000 square metre forklift manufacturing plant in China last October, and expects production to start there in June. Initial production will be 3000 units per year, but could increase to 5000 units, depending on Asian demand.