Nissan spins off forklift division

News Story
- 20 May 2010 ( #462 ) - Tokyo, Japan
1 min read
Nissan Motor Co wants to spin off its industrial machinery division to boost its autonomy and create a flexible management structure so that it can achieve sustainable growth.

Company spokesman Mitsuru Yonekawa tells Forkliftaction.com News that a feasibility study was commenced at the end of 2009 for the spin-off and more details would be available at a later stage.

Yonekawa declines to elaborate on how the division's employees will be impacted by the spin-off, saying instead that Nissan is studying "possible alternatives for the employees".

The industrial machinery division, which manufactures counterbalance and warehouse forklifts and tow tractors, employs about 2,500 people and has production facilities in Japan, Spain, Sweden and the US.

For financial year 2009, Nissan Motor's total sales were JPY7.5137 trillion (USD81.782 billion). Sales from the industrial machinery division totaled JPY61.3 billion (USD667.2 million) or about 1% of total group sales.
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Previously about:
Briefs News Story - 19 Jan 2012 - 2 min read
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Check out our new website and get in touch with us today! 

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PREMIUM business

Yale Lift Truck Technologies
Yale offers a full line of forklifts to help customers adapt to today's demanding supply chain.

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! 

You might want to check out our service portal as well – it backs you up 24/7!

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