Briefs

Local News
- 12 Jun 2008 ( #364 )
1 min read
GTM enlarges stake in Balkancar Sredets
SOFIA, Bulgaria

GTM Angel Balevski has raised its stake in forklift manufacturer Balkancar Sredets AD from 69.99% to 96.1%.

The Bulgarian anti-trust regulator said GTM bought the additional shares from insolvent company Balkancar Holding without specifying the acquisition value, SeeNews reported.

GTM bought 69.99% of Balkancar Sredets for LEV91.1 million (USD72.3 million) in a tender in 2006 (Forkliftaction.com News #278). Local businessmen hold the remaining 3.9% in the forklift company, which sells its products to the Eastern and Western European markets.

Higher costs force forklift price increase
TOKYO, Japan

Mitsubishi Heavy Industries Ltd says it will increase forklift prices by 6% to absorb higher steel costs.

According to Bloomberg, the price increase for 3.5-16 ton forklifts will apply from July 1. The company says the cost of materials like steel had exceeded the level that could be absorbed.

The Mitsubishi Heavy unit that builds forklifts, car turbochargers and small and mid-sized engines had sales of JPY472.5 billion (USD4.486 billion) for the year ended 31 March 2008.

Chinese company to quit JV with Caterpillar
XUZHOU, China

Xuzhou Construction Machinery Group Co Ltd (XCMG) plans to withdraw from its joint venture with Caterpillar Inc.

China Securities Journal reported the Jiangsu province-based company wants to sell its 15.87% stake in Caterpillar Xuzhou Ltd, which produces hydraulic excavators.

Established in 1989, XCMG produces construction machinery and forklifts.
Briefs
Briefs 14 Aug 2025 - 2 min read
Briefs
Briefs 10 Jul 2025 - 1 min read
Best Line and Burwell expand in US
Best Line and Burwell expand in US 10 Jul 2025 - United States - 1 min read
Previously about:
Metal technology group buys Balkancar company News Story - 21 Sep 2006 - SOFIA, Bulgaria - 2 min read
Movers & Shakers News Story - 8 May 2025 - 2 min read
Caterpillar gets pact for rough terrain forklifts News Story - 3 Sep 2009 - Peoria, IL, United States - 1 min read
Suits cite patent infringement, personal injury News Story - 4 Jun 2009 - Madison, WI and Philadelphia, PA, United States - 2 min read
MHI shifts to a new business structure News Story - 22 Aug 2013 - Tokyo, Japan - 1 min read
MHI and Nichiyu integrate forklift businesses News Story - 21 Feb 2013 - Tokyo, Japan - 1 min read
MHI buys Daily Equipment News Story - 10 Jan 2013 - Tokyo, Japan - 1 min read
Do you have materials handling news? Submit your news here

PREMIUM business

Noblelift
Global leader and manufacturer of high quality electric, lithium-ion, and IC material handling equipment.

Industrial processes in paper and waste processing involves strapped bale handling and de-wiring. Durwen provides the smart solution for the industry, with its fully Durwen designed and made de-wiring bale clamp. Expensive factory part equipment was needed yesterday - use the smart solution from Durwen in future!

Check out our new website and get in touch with us today! 

Product and service backup MADE IN GERMANY!
You might want to check out our service portal as well – it backs you up 24/7!

Words of support …

Thanks to advertising with Forkliftaction, GemOne has experienced a significant enhancement in our online presence. Working with Forkliftaction has enabled us to boost engagement with our targeted audience, resulting in an increase in information requests and downloads of valuable materials from our website. Forkliftaction has consistently delivered outstanding results, helping us to effectively connect with the right audience.

Justine Lootens, CEO

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

Forkliftaction's JOB MARKET

Industrial processes in paper and waste processing involves strapped bale handling and de-wiring. Durwen provides the smart solution for the industry, with its fully Durwen designed and made de-wiring bale clamp. Expensive factory part equipment was needed yesterday - use the smart solution from Durwen in future!

Check out our new website and get in touch with us today! 

Product and service backup MADE IN GERMANY!
You might want to check out our service portal as well – it backs you up 24/7!

PREMIUM business

Noblelift
Global leader and manufacturer of high quality electric, lithium-ion, and IC material handling equipment.

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

Forkliftaction's JOB MARKET

Industrial processes in paper and waste processing involves strapped bale handling and de-wiring. Durwen provides the smart solution for the industry, with its fully Durwen designed and made de-wiring bale clamp. Expensive factory part equipment was needed yesterday - use the smart solution from Durwen in future!

Check out our new website and get in touch with us today! 

Product and service backup MADE IN GERMANY!
You might want to check out our service portal as well – it backs you up 24/7!

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

Forkliftaction's JOB MARKET