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.

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