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

VETTER Forks, Inc.
The world's most comprehensive product range as well as the most intelligent sensor fork for more safety and efficiency.

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, we have received inquiries and more and more people are aware of Ningbo Ruyi Joint Stock Co.,Ltd, which fits with our company's goal to go global and let the world know more about the benefits of our Xilin brand.

Michille Shi, Vice General Manager Sales

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

VETTER Forks, Inc.
The world's most comprehensive product range as well as the most intelligent sensor fork for more safety and efficiency.

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