Nikkei: Hitachi seeks alliance with Nissan

News Story
- 13 Oct 2011 ( #535 ) - Tokyo, Japan
1 min read
Nissan Motor Co Ltd has denounced a media report the company will soon be acquired by Hitachi Construction Machinery Co.

An October 5 Nikkei Report article reported that the two companies are currently negotiating an operating and capital alliance between their forklift businesses.

Nissan spokesman Mitsuru Yonekawa tells Forkliftaction.com News articles mentioning Hitachi Construction's impending acquisition of Nissan Forklift Co are "incorrect and speculative".

Hitachi Construction, which owns forklift manufacturer TCM Corp, turned TCM into a wholly-owned subsidiary in December 2009 (Forkliftaction.com News #427). The parent company absorbed the wheel loader operations in April 2010, leaving TCM to focus on forklifts. Nikkei Report says TCM was ranked fourth, with an 8.4% market share, in Japan last year.

Nissan Forklift Co is fifth, according to Nikkei Report, with a 6.8% share of the domestic market. Together, the two forklift businesses would have 15.2% of the Japanese forklift market, closing in on third-placed Komatsu Ltd.

Nissan spun off its forklift operations in October 2010, turning the business into a wholly-owned unit (Forkliftaction.com News #473). It has plants in Japan, the US, Spain and Sweden.
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Nissan launches NFCdirect.com News Story - 19 Jan 2012 - Marengo, IL, United States - 1 min read
Hitachi, Nissan to integrate forklift businesses News Story - 1 Dec 2011 - Tokyo, Japan - 1 min read
Briefs News Story - 10 Sep 2009 - 1 min read
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Komatsu opens parts centre at Oyama plant News Story - 28 Aug 2014 - Tokyo, Japan - 1 min read
Komatsu helps disadvantaged South Africans News Story - 27 Feb 2014 - Tokyo, Japan - 2 min read
UniCarriers consolidates forklift production News Story - 25 Oct 2012 - Tokyo, Japan - 1 min read
UniCarries finalises acquisition News Story - 20 Feb 2014 - Tokyo, Japan - 2 min read
UniCarriers to merge by spring News Story - 2 Aug 2012 - Tokyo, Japan - 1 min read
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Briefs News Story - 19 Jan 2012 - 2 min read
TCM invests another RM4 million News Story - 22 Sep 2011 - Shah Alam, Malaysia - 1 min read
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“I really enjoy your newsletter and share the articles with all my training team for industry currency. I also print and display specific articles on forklift safety and accidents on our notice board for all the learners who attend our training courses to read...”

Gavin Trim - CEO, High Risk Work Licence Assessor, Mechanical Handling Equipment Specialist - Nationwide Training

Thanks Gavin for sharing your experience with Forkliftaction