NMHG, GE extend financing program

News Story
- 11 Dec 2008 ( #390 ) - Portland, OR, United States
1 min read
Wilson
Wilson
Nacco Materials Handling Group (NMHG) and the capital solutions unit of conglomerate General Electric Co (GE) have renewed a vendor financing program agreement for five years.

"In this challenging economy, we're committed to providing our dealerships and their customers with simple, competitive financing options," says Colin Wilson, chief operating officer and Americas president for Portland-based NMHG. "GE has been a key to NMHG's strategy."

NMHG and GE have collaborated for 19 years under a financial services joint venture.

"Globally, NMHG financial services generates USD1 billion in wholesale and retail financing annually," noted Gary Kempinski, general manager of vendor program finance for the GE unit in Danbury, Connecticut. "The program is one of GE Capital Solutions' most significant relationships."

NMHG, a principal business of publicly traded Nacco Industries Inc, operates through the Hyster and Yale brands of forklifts and aftermarket parts and reported profit of USD39.3 million on 2007 sales of USD2.72 billion.
US equipment finance industry confidence at three-year high
US equipment finance industry confidence at three-year high 28 Nov 2024 - Washington, DC, United States - 1 min read
Business Activity Index reveals mixed data for sector
Business Activity Index reveals mixed data for sector 3 Oct 2024 - Austin, TX, United States - 2 min read
LiuGong adds PEAC financing
LiuGong adds PEAC financing 22 Aug 2024 - Mount Laurel, NJ, United States - 1 min read
Previously about:
Employee retires after half century at Yale News Story - 17 Sep 2015 - Cannock, United Kingdom - 2 min read
Movers & Shakers News Story - 4 Jun 2015 - 1 min read
Upgrades for Hyster Spacesaver forklift Advertisement - 19 Mar 2015 - 2 min read
Do you have materials handling news? Submit your news here

PREMIUM business

Bolzoni SpA (Group HQ)
Manufacturer of Lift Truck Attachments, Forks and Lift Tables, with the most extensive range in the market.

Even the heaviest lifts must be easy to handle. That’s why N.C. Nielsen raises the bar in lifting capacity, maneuverability, operator comfort, flexibility and technical capabilities.
Heavy duty reach stackers – lifting capacity from 85 to 180 tons.
VIEW ALL OUR CUSTOM-BUILT HEAVY DUTY REACH STACKERS

Contact us now: +45 99 83 83 83 - www.nc-nielsen.com

Words of support …

Undoubtedly, peer experience plays a crucially important role in our industry and it is extremely valuable for us to be part of the platform, where industry professionals, as well as end users can discuss and learn more about the materials handling world.

Alexandra Artemova, Marketing Specialist

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

Forkliftaction's JOB MARKET

Even the heaviest lifts must be easy to handle. That’s why N.C. Nielsen raises the bar in lifting capacity, maneuverability, operator comfort, flexibility and technical capabilities.
Heavy duty reach stackers – lifting capacity from 85 to 180 tons.
VIEW ALL OUR CUSTOM-BUILT HEAVY DUTY REACH STACKERS

Contact us now: +45 99 83 83 83 - www.nc-nielsen.com

Inside The News
While innovation and new technology are evolving at what seems to be an ever-increasing pace, the need to capture the data (telemetry) from this tech, and the ability to utilise it (telematics) for efficiency and cost savings, is one area attracting more and more attention ... Continue reading

PREMIUM business

GemOne
Telematics for industrial fleets. Fleet & safety management solutions: track vehicles, boost efficiency, operate safer, & avoid unexpected downtime.

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

Forkliftaction's JOB MARKET

PREMIUM business

Bolzoni SpA (Group HQ)
Manufacturer of Lift Truck Attachments, Forks and Lift Tables, with the most extensive range in the market.

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

Forkliftaction's JOB MARKET

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!