FORKLIFTACTION.COM
MATERIALS HANDLING ONLINE #34 October 25, 2001
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The independent, global newsletter for industry professionals.
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IN THIS ISSUE:
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1. HOIST LIFTRUCK BROADENS FOOTING
2. TOYOTA WAGES WAR ON JAPANESE FORKLIFT MARKET
3. FINNING COMPLETES CANADA SELL-OFF
4. **ADVERTISEMENT** TVH MASTER CATALOGUE RELEASED
5. COMBILIFT BOSS WINS ENTREPRENEUR AWARD
6. FORKLIFT ACCIDENT CLAIMS FIRST US WAR VICTIM
7. INSIDE FORKLIFTACTION.COM
8. MANITOU PROFITS UP, TURNOVER DOWN
9. FORKLIFT JOYRIDER WRECKS PLANT HIRE YARD
10. BELET MOVES FORWARD WITH INCREASED PROFITS
11. FIVE HELD OVER EQUIPMENT THEFT
12. OPERATOR UNHURT AS CRANE TOPPLES
13. HOW NOT TO GET A FORKLIFT DRIVER'S JOB
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1. HOIST LIFTRUCK BROADENS FOOTING
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BEDFORD PARK, USA -- Heavy-duty forklift maker Hoist Liftruck Manufacturing Inc has bought Autolift's heavy duty division and Schreck Material Handling Equipment. Hoist would not reveal the purchase price.

Autolift and Schreck were formerly owned by Bucyrus, Ohio-based Ohio Industries Inc. Hoist Liftruck president Marty Flaska said Hoist would manufacture Autolift and Schreck products at its Bedford Park facility. The deal is expected to close in early November.

It was "an exciting opportunity for Autolift and Schreck customers", he said. Mr Flaska also announced the company would immediately start investing in parts inventories. Hoist Liftruck currently stocks more than USD50 million in parts inventories and anticipates similar stock levels for the Autolift and Schreck brands.

Mr Flaska said Hoist Liftruck would continue its "enduring commitment" to existing dealer channels, and all Autolift and Schreck dealers would remain open. Hoist Liftruck would provide technical and product support for existing Autolift and Schreck customers.

The Autolift and Schreck acquisitions come one year after Hoist Liftruck bought Elwell-Parker, adding specialty combustion forklifts, low-lift platform trucks and rider/walkie trucks to its product line.

Hoist Liftruck has been in the materials handling industry since 1918, and has supplied heavy duty cushion tyre lift trucks to the industry for more than 30 years.
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2. TOYOTA WAGES WAR ON JAPANESE FORKLIFT MARKET
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NAGOYA, Japan -- Toyota has announced an assault on the Japanese domestic forklift market, aiming for a 40 percent market share.

Senior managing director Morio Kawamura told Jiji Press that Toyota would focus on its industrial vehicle business, hoping to capitalise on an expected growth in demand from Japanese firms wishing to streamline their inventory management.

Toyota, which currently has a 24.6 percent share of the Japanese forklift market, hopes to attain the 40 percent target with its compact new High Pick Lift electric forklift.

Mr Kawamura said the Japanese forklift market had grown steadily in 2001, posting a 7 percent rise in the 12 months to August.
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3. FINNING COMPLETES CANADA SELL-OFF
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VANCOUVER, Canada -- Finning International Inc has finalised the sale of its Canadian materials handling division and subsidiary Interior Lift Truck Services to Leavitt Machinery.

Finning sells and rents Caterpillar equipment in western Canada, the United Kingdom and Chile. A Finning spokesman said the company had no plans to exit its Chilean operation, "at this time", and Finning's "significant" presence in the UK would also be retained. Interior Lift Truck Services sells, rents and services new and used forklifts and high-reach equipment.

The acquisition, announced in July, was to be completed by September 30, but the announcement of the finalisation was delayed until October 23. Finning will earn C65 million (USD41.3 million) from the sale.

Finning president and chief executive Doug Whitehead said the sale was in line with the company's strategy. "This will provide additional financial flexibility to allow us to pursue other opportunities as we continue to grow our business domestically and internationally," he said.

Finning announced in February that it had completed the USD465 million takeover of United Kingdom rental company Hewden Stuart plc, which made it the UK's largest equipment rental company.

In June, Finning, through its Hewden Stuart subsidiary, acquired the materials handling arm of Maxxiom Ltd, which rents telehandlers and rough-terrain forklifts.
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4. **ADVERTISEMENT** TVH MASTER CATALOGUE RELEASED
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GULLEGEM, Belgium -- TVH has released its free, 1200-page guide to forklift replacement parts. The TVH Master Catalogue is the largest in the materials handling industry, containing 50 chapters of replacement parts for all forklift makes.

TVH has Europe's largest range of forklift parts, with more than 270,000 pieces held at its 20 square kilometre Gullegem facility. TVH's production workshop, stringent quality control, international contacts and dynamic team guarantee quality at an attractive price.

For more information, or to order a free catalogue, see http://www.tvh.be/catalog reference TVH/6781777 or email to: tvh.be
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5. COMBILIFT BOSS WINS ENTREPRENEUR AWARD
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DUBLIN, Ireland -- Combilift managing director Martin McVicar has been named Ireland's Ernst & Young entrepreneur of the year.

Mr McVicar, who was selected from 24 potential winners, was recognised for launching the company in 1998 and producing Combilift, the first engine-powered, multi-directional, all-wheel-driven forklift for indoors and outdoors.

Combilift employs 60 people at its Clontribet, Monaghan plant, and has sold more than 750 units through 36 dealerships in 24 countries, according to an Irish Times report. Combilift's aim is to achieve one percent of the world forklift market.

Mr McVicar will now represent Ireland at the world entrepreneur of the year award in Monte Carlo in May next year.
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6. FORKLIFT ACCIDENT CLAIMS FIRST US WAR VICTIM
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ALUDEID, Qatar -- A forklift accident has claimed the first US casualty in Operation Enduring Freedom, America's war on terrorism.

Master Sergeant Evander Earl Andrews was at a "forward deployed location" with the 336th Civil Engineer Squadron when the accident occurred, said a nypost.com report. No details were released.

Meanwhile, another soldier was injured in Turkey after being trapped between two trucks. His name was not released.
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7. INSIDE FORKLIFTACTION.COM
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8. MANITOU PROFITS UP, TURNOVER DOWN
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ANCENIS, France -- French forklift manufacturer Manitou has finished the first half of 2001 with a net profit of EUR31.6 million (USD28.2 million), a 7.2 percent rise on the same period in 2000.

A Le Figaro report said Manitou's operating profit was up 6.7 percent at EUR51.1 million (USD46 million), but its nine-month turnover was down 0.3 percent at EUR571.6 million (USD510.6 million).
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9. FORKLIFT JOYRIDER WRECKS PLANT HIRE YARD
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WEXFORD, United Kingdom -- A teenager illegally entered a plant hire yard and hijacked a forklift, causing GBP7787 (USD11,233) of damage in "a crazy escapade".

Wexford District Court heard that Colin Duggan, 19, broke into the premises and drove the forklift, damaging building materials, a roller shutter and the forklift itself, the Wexford Echo said.

Mr Duggan's solicitor said the act was "a crazy escapade", and it would take Mr Duggan four years to repay the damage. But Judge David Anderson said he would "have to get a job".

The case was adjourned until next February.
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10. BELET MOVES FORWARD WITH INCREASED PROFITS
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VEJPRTY, Czech Republic -- Belet, a Czech forklift manufacturer, raised its profit to Kc5.3 million (USD142,232) in September, up from Kc2.2 million (USD59,054) in September 2000.

Announcing its results last week, Belet recorded sales of Kc128 million (USD3.4 million), a four percent gain on the September 2000 figure of Kc123 million (USD3.3 million), according to a report in the Ceska Tiskova Kancelar (CTK) Business News.

Economic director Petr Nuslauer told CTK that Belet, which employs 110 people, had reduced less profitable activities and modified its product and service lines to boost its results.

Exports to Russia, Italy, Poland, and the USA account for 50 percent of Belet's sales. Its main product is combustion forklifts, which it has produced since 1997, in cooperation with Prowel of Taiwan and Marioti of Italy.
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11. FIVE HELD OVER EQUIPMENT THEFT
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FUKUI, Japan -- Four Brazilians have been arrested on suspicion of stealing heavy equipment, including forklifts, and a Japanese company executive has been charged with receiving the stolen goods.

Police told Kyodo News the four Brazilians worked as a group, and had stolen up to JPY100 million (USD825,068) in construction machinery, including forklifts, power shovels, and generators from areas in western Japan for smuggling to Southeast Asia and elsewhere.

The four men were arrested after police investigated the theft of equipment valued at JPY6.1 million (USD503,291) on August 22. Businessman Tojiro Takata was served with a warrant for allegedly knowingly buying the stolen equipment.

An investigation had been launched to trace the smuggling routes of the alleged thieves, the newspaper said.
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12. OPERATOR UNHURT AS CRANE TOPPLES
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SINGAPORE -- A crane operator was unhurt after his crane fell over at a construction site next to Singapore's World Trade Centre on October 9.

A site supervisor told the Straits Times that the operator was warming up the crane, which was not fully extended, when it began to fall. The site was mostly deserted when the accident occurred.

No one was hurt, although the crane blocked part of a road next to the site. The company responsible for the crane, Samsung Construction, blamed the accident on human error.
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13. HOW NOT TO GET A FORKLIFT DRIVER'S JOB
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ABERDEEN, Scotland -- A man went on a drunken rampage behind the wheel of a frozen food company's forklift after visiting the firm to pick up a job application form.

Charles Dukes, 25, admitted driving recklessly, said a report by the Scottish Daily Record. Dukes was sentenced to 200 hours of community service and banned from driving for three years.

Forkliftaction.com understands Mr Dukes did not get a job with the company.
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