TOYOTA IN CHINA JOINT VENTURE

News Story
- 3 Apr 2003 ( #101 ) - NAGOYA, Japan
<1 min read
Toyota Industries Corporation and trading company Toyota Tsusho Corporation will set up a forklift sales joint venture in Shanghai, China, next month.

In a move intended to meet growing forklift demand in China, the joint venture, Toyota Material Handling (Shanghai) Co, will be 70 percent owned by Toyota Industries and 30 percent by Toyota Tsusho, a Jiji Press report said.

The joint venture will start manufacturing in April and begin distributing forklifts through various Chinese dealers in June. Toyota said it expected to sell 1000 forklifts in China this year.
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Since July 2000, Forkliftaction News has been your guide to the developments that are shaping your industry.

Starting today we are also looking back on some of the key news stories from our extensive news archive.

In the news email and on the website, you'll see links to stories that were 'leading our news' multiple years ago, with topics spanning world-first products, big acquisitions, and major industry shifts.
We hope you enjoy this unique insight into the materials handling industry!