TCM sets up JV in Malaysia

News Story
- 15 Sep 2011 ( #531 ) - Tokyo, Japan
1 min read
TCM Corp has established a sales and service joint venture company in Malaysia to boost its marketshare in the region.

Hideo Arahata, TCM president, told Nikkei that South East Asia is "calling for service that has Japanese-style attention to detail".

"Just selling products at regular prices doesn't spell success in terms of profit, so it's necessary to beef up downstream businesses," Arahata explains.

TCM Forklift (Malaysia) Sdn Bhd will be led by managing director S Yoshida who was the former managing director of TCM's Asian distributor in Thailand. Yoshida has many years' experience in the forklift export business.

TCM spokesman Naohiro Sato tells Forkliftaction.com News that 70% of TCM Malaysia's shares are owned by TCM Corp, while the rest are owned by the management of S&E, the former Malaysian distributor.

"We will reinforce after-sales activity for our customers and we believe that strong customer service will improve future sales and marketshare as customers are assured of the manufacturer's support," Sato says.

The new company has employed 34 people in sales, parts and after-sales administration.

TCM claims to have the third-largest marketshare of all manufacturers in the South East Asian forklift market.
Toyota Material Handling Europe partners with Gideon
Toyota Material Handling Europe partners with Gideon 29 Feb 2024 - Mjölby, Sweden - 1 min read
Trew partners with Opex
Trew partners with Opex 22 Feb 2024 - Fairfield, OH, United States - 1 min read
Hagaberg teams up with OilQuick
Hagaberg teams up with OilQuick 8 Feb 2024 - Hudiksvall, Sweden - 1 min read
Previously about:
UniCarriers consolidates forklift production News Story - 25 Oct 2012 - Tokyo, Japan - 1 min read
Briefs News Story - 19 Jan 2012 - 2 min read
Nikkei: Hitachi seeks alliance with Nissan News Story - 13 Oct 2011 - Tokyo, Japan - 1 min read
Do you have materials handling news? Submit your news here

Showcased in the Virtual Expo

“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

Words of support …

I know I can count on them. They give valuable suggestions on the campaign planning, and to publish content is as easy as abc, as they take care of the material layout and check links. This is a great support.

Annalisa Castellini, Marketing Manager - Bolzoni S.p.A.

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! 

PREMIUM business

Bolzoni SpA (Group HQ)
Manufacturer of Lift Truck Attachments, Forks and Lift Tables, with the most extensive range in the market.

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

Forkliftaction's JOB MARKET

Showcased in the Virtual Expo

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!