Work starts on new Vietnamese plant

News Story
- 4 Dec 2008 ( #389 ) - Hanoi, Viet Nam
1 min read
Thang Long Industrial Park
Thang Long Industrial Park
Work has started on a new plant in Vietnam that will produce forklift transmissions and axle components for export.

Sumitomo Nacco Materials Handling Vietnam Co Ltd, a joint-venture project between Sumitomo Heavy Industries and Nacco Materials Handling Group, anticipates the plant will generate USD2 million in revenue per year.

The 2.7-hectare plant in Thang Long Industrial Park, Dong Anh District will be operational in seven months. The project will be divided into three phases with a total capital investment of USD60 million.

The second phase will involve making forklift parts and the third phase will concentrate on making the machines.

Takashi Yoneda, director of Sumitomo, says the company decided to invest in Vietnam because of its labour quality, political stability, tax incentives and geographical advantages.
Hangcha opens Vietnamese sales centre
Hangcha opens Vietnamese sales centre 29 May 2025 - Dong Nai, Viet Nam - 1 min read
Narrow Aisle ramps up in US
Narrow Aisle ramps up in US 22 Sep 2022 - Houston, TX, United States - 1 min read
Pyroban adds EU distributor
Pyroban adds EU distributor 22 Jul 2021 - Shoreham, United Kingdom - 1 min read
Previously about:
Briggs and Yale’s happy partnership News Story - 20 Oct 2011 - Cannock, United Kingdom - 3 min read
ProMat 2011 stirs juices for forklift industry News Story - 31 Mar 2011 - Chicago, IL, United States - 7 min read
SUMITOMO-NACCO TIE-UP IN THE SPOTLIGHT News Story - 6 Nov 2003 - MAYFIELD HEIGHTS, OH, United States - 1 min read
LOGIS-TECH 2002 A BIG HIT News Story - 14 Nov 2002 - CHIBA, Japan - <1 min read
Do you have materials handling news? Submit your news here

We’re excited to launch a major upgrade to the Forkliftaction forums, packed with new features and improvements. Here’s what’s new:

  • You can now add up to two photos to your posts
  • New search & navigation - find what you need easier
  • Smart brand/model tagging across all forums
  • Top contributors recognised for their efforts!

 Head over to the forums to check it out!

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 - SNDC

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

Forkliftaction's JOB MARKET

Find the right machine for your business with F. Uchiyama, exporter and wholesaler of used forklifts and construction machinery. With 100 years of experience in the trade, you can leave the export procedures to us!
FOR SALE:
2016 TCM FD115-3 rough terrain forklift 
1999 Hitachi HX99B telescopic boom 
2017 Unicarriers counterbalanced forklift 

Find more machines here | Contact us with enquiries 

PREMIUM business

Hangzhou Maxlion Machinery Equipment Co., Ltd
3G Standard, Good Products, Good Price, Good Service.

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

Forkliftaction's JOB MARKET

Find the right machine for your business with F. Uchiyama, exporter and wholesaler of used forklifts and construction machinery. With 100 years of experience in the trade, you can leave the export procedures to us!
FOR SALE:
2016 TCM FD115-3 rough terrain forklift 
1999 Hitachi HX99B telescopic boom 
2017 Unicarriers counterbalanced forklift 

Find more machines here | Contact us with enquiries