Newsletter asks “Who will survive?”

News Story
- 3 Sep 2009 ( #426 ) - Bedfordshire, United Kingdom
1 min read
Samuk HC, a joint venture with Chinese forklift manufacturer Hangcha, has made some predictions on the outcome of the global recession in its latest internal newsletter.

Under the heading "Who will survive", the newsletter says that world number one Toyota "with assembly plants in key markets" is likely to remain on top. It notes that the Japanese forklifts were considered "rubbish" 50 years ago.

US-owned Hyster and Yale forklifts "should survive with minor amalgamation", while European leaders Jungheinrich and Linde are survivors because of their respective key strengths.

"Jungheinrich is said to be unloading big trucks by 1 January 2010. Very strong in warehouse growth market," the newsletter says.

It continues: "Linde is a leader in high-cost transmission, and dominates Germany and surrounding Europe and the UK but where else?"

The newsletter observes that Linde now has a joint venture with Chinese manufacturer Baoli for lower-cost European torque converters, "which was despised by Linde up to this year".

Samuk predicts that Chinese manufacturer Heli could be in the top five by 2013, while Dalian, known for its "dated big trucks", would need to regroup.
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Previously about:
Dalian’s Indian dealer receives first forklift orders News Story - 17 Nov 2005 - CHENNAI, India - 1 min read
Daewoo releases “prosperity” forklifts News Story - 10 Feb 2005 - YANTAI, China - 1 min read
BMH adds Heli forklift brand News Story - 21 Sep 2023 - Washington, DC, United States - 1 min read
New tech abounds at CeMAT Australia News Story - 3 Aug 2023 - Sydney, NSW, Australia - 16 min read
Heli delivers 100 Li-ion trucks News Story - 28 Jul 2022 - Hefei, China - 1 min read
Lower emissions a major focus at LogiMAT News Story - 11 Apr 2024 - Stuttgart, Germany - 5 min read
Movers & Shakers News Story - 4 Apr 2024 - 4 min read
Safety front of mind at LogiMAT News Story - 28 Mar 2024 - Stuttgart, Germany - 6 min read
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Safety front of mind at LogiMAT News Story - 28 Mar 2024 - Stuttgart, Germany - 6 min read
Study finds UK forklift market stagnant News Story - 11 Jun 2009 - Stockton, United Kingdom - 2 min read
Leading companies bring cameras to inspect Chinese forklifts News Story - 5 Apr 2007 - BIRMINGHAM, United Kingdom - 3 min read
Many paths to automation at Logimat News Story - 4 Apr 2024 - Stuttgart, Germany - 6 min read
Toyota to build energy R&D centre News Story - 14 Mar 2024 - Greene, NY, United States - 1 min read
Movers & Shakers News Story - 7 Mar 2024 - 3 min read
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F. Uchiyama
Global exporter of used forklift and construction machinery, servicing over 50 countries.

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With LogiMAT 2024 wrapped up, Forkliftaction is the place to catch up on all the highlights and product news from the show.

See the exhibitor highlights in our LogiMAT gallery,

Read our exclusive three-part LogiMAT 2024 coverage:
- Safety front of mind at LogiMAT
- Many paths to automation at Logimat
- Lower emissions a major focus at LogiMAT