Dear reader,
WELCOME TO FORKLIFTACTION.COM,
MATERIALS HANDLING ONLINE.
This is issue #145 - 19 February
2004 of the weekly newsletter for industry
professionals.
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Forkliftaction.com this week relaunches its Business Directory. Thank you to all those
members who took part in our preliminary testing phase; your
feedback is much appreciated.
The Forkliftaction.com
Business Directory is the first of a series of great new
website features planned for launch this year. See the
announcement in this newsletter.
Stay
tuned!
Remember, Forkliftaction.com representatives
will be present at the upcoming IMHX 2004 and NA 2004
exhibitions. Thank you to those companies that have invited us
to your stands at these shows. If your company would like to
meet the people behind Forkliftaction.com, contact info@forkliftaction.com.
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1.
JLG RESTATES FINANCIALS FOR INCORRECTLY BOOKED
TRANSACTION 
McCONNELLSBURG, PA, United
States
JLG Industries has restated its audited
financial statements for the fiscal year ended July 31,
2003, and may restate its unaudited financial statements
for the first quarter ended October 31.
JLG said
it had prematurely recognised a transaction with USD8.7
million in net revenues, USD1.8 million in net profit
and USD0.04 per diluted share for the year and for the
fourth quarter ended July 31. The restatement reduces
sales and profit in the fourth quarter and will result
in an equal or greater increase in revenue and profit
over the first three quarters of this fiscal
year.
Reported results for fiscal year 2003
included revenues of USD759.8 million, net income of
USD14.2 million and earnings per diluted share of
USD0.33.
The transaction, with a single customer,
was originally recorded in July. JLG re-examined the
terms and subsequent history and concluded the
transaction was incorrectly reported as a sale, rather
than a consignment sale. Under generally accepted
accounting principles, a contingent sale allows
recognition of the revenues only upon final sale of the
equipment by the consignee. As of February, all the
equipment had now been sold, the majority in the fiscal
2004 second quarter, JLG said.
Management said it
notified the audit committee of the board of directors
and JLGs independent auditor, Ernst & Young LLP.
Ernst & Young said the improper accounting
of the transaction reflected a material weakness in
internal controls. JLG has begun an internal review to
determine the circumstances of the transaction, to rule
out or identify any similar transactions within the
current year and the preceding three years and evaluate
and recommend appropriate remedial action.
- JLG website -
2.
HALDEX RECEIVES SEK50 MILLION ORDER FROM BT
INDUSTRIES
STOCKHOLM, Sweden
Hydraulic Systems,
a division of the Haldex group, has received a
three-year, SEK50 million (USD6.9 million) lift systems
order from BT Industries for a new series of
forklifts.
Haldex has been a long-time supplier
to BT Industries, in Europe and the USA. The new BT
forklift series is a type of stacker, part of the
fastest-growing materials handling segment.
The
hydraulic lift system to be supplied is new. The speed
of the forks, both up and down, can be regulated for
increased safety and efficiency.
No further
information on the new forklift was available.
- Haldex website -
3.
**FORK TALK** IWLA, OSHA JOIN FORCES FOR
SAFETY
WASHINGTON, DC, United States
The
Occupational Safety & Health Administration (OSHA)
and the International Warehouse Logistics Association
(IWLA) have joined forces to provide information,
guidance and training resources to the warehousing
industry.
Under a two-year agreement, the two
organisations aim to improve worker safety and health in
forklift operations, materials handling, hazard
communication and chemical safety.
"The alliance
will enhance the safety and health of thousands of
workers employed in the warehouse logistics industry,"
said OSHA administrator John Henshaw. "Together with the
IWLA, we'll be able to provide valuable information and
training resources on issues directly related to the
warehouse industry."
IWLA president Joel Hoiland
said: "I'm pleased to enter into this important alliance
on behalf of the more than 500 warehouse and logistics
companies IWLA represents. IWLA has always recognised
the importance of safer workplaces, devoting a great
deal of time and resources to educating our members in
this regard. Working in conjunction with OSHA, we hope
to expand these efforts."
Particular attention
would be paid to increasing young workers' access to
training resources and safety and health information,
including development of materials written in Spanish,
with the help of community organisations, Mr Hoiland and
Mr Henshaw said.
OSHA and IWLA would develop
tools, including a safety and health inspection
checklist for warehouse managers, and work together to
develop a web-based training tool ("e-Tool") for the
industry.
- OSHA
website -
4.
**ADVERTISEMENT** FORKLIFTS WANTED
WANTED: Six late-model Hyster H300.00
XL / H330.00 XL / H360.00 XL or equivalent metric market
machines (H16.00 XL etc)
Standard mast heights, (12
to 15 feet or 3.7 to 5.0 metres) and fork
tynes.
Please advise age, condition, specification,
price, location and serial number and we will make a
quick decision.
Please email: iogilvie@globequip.biz
5.
KCI KONECRANES: Q4 SAVES "FAIR" YEAR
HYVINK, Finland
Rubber-tyred
gantry manufacturer KCI Konecranes finished 2003 with
EUR664.5 million (USD847.3 million) in sales, 6.9% below
its EUR710 million (USD905.3 million) 2002
result.
President Stig Gustavson said there were
substantial changes in international demand in the year
to December 31, 2003. The strongest growth, at 44.9%,
was in the Asia-Pacific market.
In total, (our)
performance was fair. In standard lifting equipment,
Asia-Pacific surpassed the Americas as the second
biggest region. Europe still holds the number one
position, he said.
KCI Konecranes reported a
strong fourth quarter, with orders up 14.1% year-on-year
and income of EUR10.4 million (USD13.2
million).
The group goes into 2004 from a strong
starting point. We are looking forward with confidence
to a year of profitable growth, Mr Gustavson
said.
- KCI
Konecranes website -
6.
FORKLIFT RENTAL SCAM EXPOSED
DARLINGTON, United Kingdom
Forklifts
worth GBP100,000 (USD190,500) have been stolen in a bold
new rental scam sweeping the northeast of
England.
Thieves used legitimate business names
to place orders with three equipment hire firms this
month and steal five forklifts, according to Newsquest
Digital Media.
The first theft was on February 2,
when crooks claiming to be from a firm called Stoneyvale
asked Alliance Material Handling to deliver a forklift
to a Darlington industrial estate. The company delivered
a GBP20,000 (USD38,000) Artisan forklift, but both the
machine and the business had disappeared when the
company went back to collect it.
In the second
incident, B&S Rentals lost two forklifts, worth
GBP40,000 (USD76,180), after they were delivered to
World Solutions in Albert Hill Industrial Estate,
Darlington, on February 6.
Detective Constable
Hannah Bell said a similar incident in Stockton on
February 5 saw another firm lose two forklifts worth
GBP40,000 (USD76,180) also to a company called World
Solutions.
But one firm foiled a possible fourth
theft when a man claiming to be from Worcester-based
firm I Export tried to hire two vehicles, worth
GBP40,000 (USD76,180). When the company insisted on a
deposit and contract with I Export before the forklifts
could be hired, the customer failed to show up to sign
the paperwork.
Det Con Bell said the people
involved used the names of real businesses, but were not
their representatives.
"All hire companies need
to be vigilant when receiving new business, verify that
they are legitimate companies and ensure they have
signed contracts and paid deposits before any goods are
delivered," she said.
7.
SMV SELLS AUSTRALIAS LARGEST TYRE HANDLING
FORKLIFT
MT THORLEY, Australia
SMV Australia
has put Australias largest industrial tyre handler into
operation in the Hunter Valley, in New South
Wales.
SMV Australia general manager Chris Burns
told Forkliftaction.com News this week that the 16-tonne
capacity machine, a SMV SL16-1200A, was fitted with a
Cascade tyre-handling attachment before delivery to
Bridgestone Hunter Valley last month.
Mr Burns
would not reveal the value of the sale.
The
machine was ordered to meet the tyre demands of new
Komatsu WA1200 wheel loaders being introduced at coal
mines in the Hunter Valley, which have AUD100,000
(USD79,300) Bridgestone 65/65-57 D Lug tyres. Each tyre
has a four-meter diameter and weighs 9.5 tonnes on the
wheel rim.
SMV Australia is a wholly-owned
subsidiary of the Powerlift Group.
- Powerlift website -
8.
**ANNOUNCEMENT** BUSINESS DIRECTORY OFFICIAL
LAUNCH
FORKLIFTACTION.COM, the world's busiest
materials handling website, has today launched its global directory of forklift,
attachment and component manufacturers, dealers and
suppliers. The new search interface and structural
upgrades increase the speed and the accuracy of the
search results. We thank those members who supplied
their feedback; this has helped us improve the
directory. We invite everybody who visited during the
pre-launch phase to have a second look.
Company data
has been gathered from publicly-available sources, so
your company may already be included among the
directorys free listings. Use the directorys "Are You Listed?" page to see if your
company is included, and whether our information is
correct. If youre not listed, or if your companys
listing needs updating, use the online form to enter
your details.
For more information about correcting
or improving your companys listing in
Forkliftaction.coms Business Directory, email research@forkliftaction.com.
9.
TOYOTA STRENGTHENS MARKET LEADERSHIP
TOKYO, Japan
Toyota Industrial
Equipments position as the worlds number one materials
handling supplier has been strengthened with the news
that it now holds a global market share of more than
20%.
Toyotas number one position has been
confirmed by German trade magazine Fordermittel Journal,
which placed Toyota, with annual revenues of USD4.2
billion, ahead of the competition, based on turnover and
sales, for the third consecutive year.
Toyotas
UK managing director Steve Hodkinson said Toyota had
increased sales and turnover while the competition had
struggled through a difficult 2003.
10.
COPLIFTER CHARGED
AYRSHIRE, United Kingdom
A man about
to be served a warrant by police attacked a sheriff's
officer by lifting up his car with a forklift.
Ayr
Sheriff Court heard this week that Bernard Rooney, 46,
charged at the officer while driving a forklift on
February 5, according to the Scottish Daily
Record.
The charges allege he also raised the car in
the air and pushed it backwards while the stunned
officer was trapped inside.
Mr Rooney faces another
charge that he recklessly, with criminal disregard for
the consequences, drove the forklift to endanger the
officer.
He is also accused of acting in a disorderly
manner, shouting and swearing, and committing a breach
of the peace at the same time as the alleged
assault.
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11.
ANHUI HELI - NUMBER ONE IN CHINA
Anhui HELI
Co., Ltd. manufactures forklifts, construction vehicles,
mine machinery and spare parts.
HELI forklifts are
used in various enterprises, including ports, airports,
construction sites and shopping malls.
Anhui HELI is
the best in forklift design, manufacturing, testing and
inspection. Anhui HELI has the largest forklift
manufacturing, R&D and exporting base in
China.
Anhui HELI Co., Ltd is the only forklift
manufacturer listed with the Shanghai Stock
Exchange.
CONTACT US:
Tel: +86-551-3639068 (North
American and USA area)
+86-551-3639258
(Europe)
+86-551-3639358 (Asia, Africa & Pacific
area)
+1-954-436-8598 (HELI Forklift Wholesale
INC.)
Fax: +86-551-3639966
(P.R.China)
+1-954-436-8028(HELI Forklift Wholesale
INC.)
E: wujun@heliforklift.com
W: www.helimach.com
Click here for the full text of this
release, including pictures.
12.
VNA WAREHOUSE ALERT: LASER-GUIDED CONCRETE GRINDER
LAUNCHED
Concrete Grinding Limited,
specialists in upgrading the floor flatness of narrow
racking aisles in new and existing VNA warehouse/storage
units, have released the Laser Grinder, a
laser-guided concrete grinding machine.
The
Laser Grinder very effectively grinds
aisles to the required flatness, while being clean,
quick and non-intrusive. Designed to operate in
operational warehouse facilities, floors are upgraded to
ensure a safe and efficient VNA facility with little
disruption.
Click here for our full article and
pictures.
Concrete Grinding Limited is
displaying its full compliment of services at IMHX 2004
in Birmingham, UK on March 2-4 2004. See us at stand
20/C26.
CONTACT US:
Tel: +44 (0) 1484
600080
Fax: +44 (0) 1484 600095
Email: information@concrete-grinding.com
Web:
www.concrete-grinding.com
13.
FORKLIFTACTION.COM LAUNCHES ITS MATERIALS HANDLING
BUSINESS DIRECTORY
Forklift fleet owners and
professionals can now use Forkliftaction.coms new
Business Directory to contact suppliers and dealers
anywhere in the world. This Business Directory contains
contact and service information from more than 10,000
businesses worldwide, operating in and with the
materials handling industry.
Officially launched
today as the Business Directory, it has been in test
mode for 12 months with the working name of Materials
Handling Index. This online directory now features an
updated search interface, allowing users to search more
accurately and faster.
The Business Directory
permits the industry professional to find new business
to business opportunities and to extensively display
products and services in areas that previously were
difficult to reach.
Every operator in the materials
handling industry should ensure their company is listed
and that details are correct.
Following the
success of our weekly newsletter, which has a
circulation of about 40,000 readers, the Business
Directory offers access to the marketplace which further
cements Forkliftaction.com as the online reference point
for the global materials handling industry.
For
more information, see www.forkliftaction.com/directory or
email info@forkliftaction.com.
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14.
2ND BIMP-EAGA 2004 EXHIBITION &
CONFERENCE
Manila, Philippines
30th and
31st March 2004
15.
IMHX 2004 - INCLUDES UK'S FLT DRIVER OF THE YEAR
COMPETITION
Birmingham, United
Kingdom
2nd, 3rd and 4th March 2004
16.
NA 2004
Cleveland, United States
29th,
30th, 31st March and 1st April 2004
17.
2ND INTERMODAL ASIA 2004 EXHIBITION &
CONFERENCE
Dubai, United Arab Emirates
6th & 7th June 2004
18.
EQUIPMENT SALES MANAGEMENT SEMINAR -
AED
Dayton, OH, United States
August
17-18, 2004
19.
SAFETY CONFERENCE 2004
Warwick, United
Kingdom
22 September 2004
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