Skyjack business experiences slowdown

News Story
- 12 Mar 2009 ( #401 ) - Guelph, ON, Canada
1 min read
Skyjack has experienced a shift to smaller units
Skyjack has experienced a shift to smaller units
Linamar Corp reported its Skyjack business subsidiary is supplying customer needs from inventory and, for now, manufacturing only on demand for equipment not in inventory. Skyjack product lines include aerial work platforms and telehandlers.

The firm says the Skyjack manufacturing operation was idled in late November in a situation characterised as "basically lights out." Resumption of normal Skyjack operations is contingent on market conditions.

While the subsidiary is experiencing activity, Skyjack lacks an order backlog at this time, the company says. Skyjack experienced a shift in its scissor lift sales mix to smaller units with lower per-unit revenues in 2008.

Skyjack reports within Linamar's industrial segment, which had 2008 sales of CAD443.6 million (USD363.0 million) versus 2007 sales of CAD517.7 million (USD423.6 million). The industrial segment designs and produces mobile industrial products under the Skyjack brand.

Guelph-based Linamar management indicates it is focusing on cost reduction, opportunities for sales and potential takeover opportunities. Linamar's other business segment involves powertrain and driveline equipment.
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Even the heaviest lifts must be easy to handle. That’s why N.C. Nielsen raises the bar in lifting capacity, maneuverability, operator comfort, flexibility and technical capabilities.
Heavy duty reach stackers – lifting capacity from 85 to 180 tons.
VIEW ALL OUR CUSTOM-BUILT HEAVY DUTY REACH STACKERS

Contact us now: +45 99 83 83 83 - www.nc-nielsen.com

Even the heaviest lifts must be easy to handle. That’s why N.C. Nielsen raises the bar in lifting capacity, maneuverability, operator comfort, flexibility and technical capabilities.
Heavy duty reach stackers – lifting capacity from 85 to 180 tons.
VIEW ALL OUR CUSTOM-BUILT HEAVY DUTY REACH STACKERS

Contact us now: +45 99 83 83 83 - www.nc-nielsen.com

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In this week’s Forkliftaction News , Hyster-Yale says it is reducing production because of “softer demand” as it reports revenue for Q3 was USD979 million, a drop both year-on-year and quarter-on-quarter... Continue reading

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