INCJ, Hitachi Construction Machinery, and Nissan to integrate forklift businesses

  • 15-Dec-2011 08:10 EST
Nissan forklift.jpg

The forklift businesses of Hitachi Construction Machinery and Nissan are expected to be integrated and operated under the new company, UniCarriers Corp., by spring 2012. One of Nissan Forklift’s IC pneumatic tire forklifts is pictured.

Innovation Network Corp. of Japan (INCJ), Hitachi Construction Machinery Co., Ltd., and Nissan Motor Co., Ltd. have signed a memorandum of understanding to integrate their forklift businesses into a new company to be established and operated mainly by INCJ. The forklift businesses operated by subsidiaries of Hitachi and Nissan—TCM Corp. and Nissan Forklift Co., Ltd.—are expected to be integrated and operated under the new company, UniCarriers Corp., by spring 2012. A total of ¥30 billion of growth capital will be injected by INCJ into UniCarriers, which will attempt to gain significant market share in growth markets. This initiative will be supported by allocating management resources in emerging markets, such as the ASEAN countries, and in sectors such as environmentally friendly technologies.

Share
HTML for Linking to Page
Page URL
Grade
Rate It
1.50 Avg. Rating

Read More Articles On

2017-02-28
SANY India, a manufacturer of construction, heavy machinery and renewable equipment, has entered into the mining segment.
2017-03-01
Ashok Leyland’s first Circuit electric bus is designed and engineered entirely in India, by Indians, for India.
2017-03-11
Called “Project Minotaur,” the Case DL450 compact dozer loader is a “first-of-its-kind” machine that combines the footprint and performance of a compact track loader (CTL) with the power and dozing characteristics of a bulldozer. The crossover concept was revealed at ConExpo-Con/Agg 2017.
2017-03-07
Caterpillar unveiled its new articulated truck at ConExpo, focusing on the 745's re-engineered exoskeletal cab that is larger, quieter and incorporates operator-assist technologies such as fully automatic hoisting control.

Related Items

Training / Education
2018-04-30
Technical Paper / Journal Article
2011-04-12