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 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.
Toyota streamlines in US
Toyota streamlines in US 17 Jan 2019 - Columbus, IN, United States - 1 min read
Shangli details restructure plan
Shangli details restructure plan 7 Jul 2016 - Shanghai, China - 1 min read
Shangli restructures after silence
Shangli restructures after silence 30 Jun 2016 - Shanghai, China - 1 min read
Previously about:
Briefs News Story - 19 Jan 2012 - 2 min read
Hitachi, Nissan to integrate forklift businesses News Story - 1 Dec 2011 - Tokyo, Japan - 1 min read
Do you have materials handling news? Submit your news here

Whether you have low or high volumes of container movements, we have a container handling solution that will suit your business. With high quality, superior design, and a range of safety features, our mini-straddle carriers are used across a variety of industries including logistics and transport, glass, steel, food, customs and border protection, and import and export.

Mobicon Systems
Tel: +61 0) 7 3448 0010 or 1300 66 1976 (within Australia)

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 - Rocla AGV Solutions

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

Forkliftaction's JOB MARKET

Last week Forkliftaction News covered Elokon’s new managing director, who was first appointed by the company as a service technician in 2017. 

We’d love to hear your thoughts on career progression in materials handling. 

How easy or hard have you found it to pivot roles or access opportunities for promotion? Do you think this is a good industry for growing a career? Tell us your thoughts 

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

Forkliftaction's JOB MARKET

CeMAT Australia is returning to the Melbourne Convention and Exhibition Centre on July 23 - 25, 2024.

Register for free and experience the leading global trade show for intralogistics, materials handling, and supply chain management, and familiarise yourself with the latest technology in your sector!

Register Now!