WELCOME TO FORKLIFTACTION.COM, MATERIALS HANDLING ONLINE.
This is issue #46 - 28 February 2002 of your personal newsletter.
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The independent, global newsletter for industry professionals.
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This issue's reports on Linde and Nacco's 12-month results highlight the contrasting financial positions of two of the world's largest forklift players. Globally, 2001 wasn't a good year for the industry. Here's hoping for a more prosperous 2002.

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IN THIS ISSUE:
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1.NACCO REPORTS FORKLIFT LOSSES

2.LINDE POSTS RECORD SALES JUMP

3.NOELL GANTRIES FOR PANAMA PORT

4.FORKLIFT DRIVER IN ATTEMPTED POISONING

5.Positions Vacant > Field Service Mechanics - Full time



1.NACCO REPORTS FORKLIFT LOSSES
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MAYFIELD HEIGHTS, United States Nacco Industries' forklift subsidiaries reported losses for 2001 but aim for break-even financial performances this year, according to the group's 12-month financial results, released this month.

Both the wholesale and retail units of Nacco Materials Handling Group (NMHG) had been restructured to achieve improvements in 2002, the report said.

Worldwide, NMHG Wholesale shipped 68,929 units in 2001, down from 84,825 in 2000, recording an operating loss of USD14.1 million. Sales totalled USD1.46 billion. NMHG Americas maintained its market position, but the subsidiary assumed "lift truck markets in the USA will not recover significantly in 2002".

"Market share is expected to increase in Europe, largely as a result of the sale to Zeppelin (GmbH) of the Hyster dealerships in Germany, as well as the strengthening of other Hyster and Yale independent dealerships."

NMHG Wholesale plans to introduce new warehouse, counterbalance and large forklifts this year. Its loss included USD7.2 million in costs incurred phasing out the Danville, Illinois, manufacturing plant in January.

NMHG Retail recorded a USD35.3 million operating loss for the year, despite a European realignment, integration of its Australian dealerships and downsizing in the USA. Retail sales totalled USD209 million. The unit operates 10 wholly-owned dealerships in the USA, 31 in Europe and 17 in Asia-Pacific.

Nacco Industries made a USD36.0 million loss on sales of USD2.64 billion, compared to a USD67.7 million profit on sales of USD2.87 billion in 2000.


Website: http://www.nacco.com
http://www.forkliftaction.com/news/newsdisplay.asp?nwid=304

2.LINDE POSTS RECORD SALES JUMP
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WIESBADEN, Germany The Linde Group has posted a record EUR9 billion (USD7.782 billion) in sales for 2001, an increase of 7.4 percent.

Materials handling sales grew seven percent to EUR3.158 billion (USD2.738 billion) and boosted its world market share from 18.5 percent to 20 percent. Orders received rose 2.2 percent to EUR3.193 billion (USD2.761 billion).

The Linde Group employs 46,400 people worldwide and has a broad range of activities extending from gas (Linde is the fourth-largest gas company in the world) and engineering to refrigeration and materials handling.

Linde materials handling group runs a multibrand strategy, offering a complete range of forklift and warehouse trucks and services.

Linde includes Fenwick-Linde in France, Lansing in the United Kingdom, Linde-Baker in the USA, Linde-Xiamen in China, OM Pimespo in Italy, and Still, also in Germany. The Still group markets the Still, Still Saxby and Still Wagner brands.


Website: http://www.linde.com
http://www.forkliftaction.com/news/newsdisplay.asp?nwid=305

3.NOELL GANTRIES FOR PANAMA PORT
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BALBOA, Panama The Panama Ports Company (PPC) has bought seven rubber-tyred gantry cranes (RTGs) from Noell Crane Systems GmbH of Germany for its Port of Balboa terminal.

The eight-wheel RTGs stack five high and will boost the port's capacity to handle increased container traffic, says PPC general manager Alejandro Kouruklis.

The Port of Balboa, with one container berth and four general cargo berths, runs three super post panamax quay cranes, six RTGs, two reachstackers, two container toplifters and five empty container handlers.


Visit: http://www.hph.com.hk
http://www.forkliftaction.com/news/newsdisplay.asp?nwid=306

4.FORKLIFT DRIVER IN ATTEMPTED POISONING
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CARDIFF, United Kingdom A forklift driver tried to drug his wife several times before resorting to lacing a cake with sedatives to escape the "emotional drain" of his marriage.

BBC News said Terrence Bennett, 46, was arrested last November after his wife, Kathryn, found a white powder on her plate. Mr Bennett had brought two cakes home and told Mrs Bennett "don't forget yours is the one with jam".

In the days before his arrest, Mr Bennett made his wife a cup of tea, the first in their 26-year relationship. Another time he gave her an unusual-coloured glass of wine. When asked about it, he joked, "Do you think I'm trying to poison you?".

The court heard Mr Bennett was depressed because his wife had asked for a divorce and debts had led to their home being repossessed. Judge John Williams told Mr Bennett to seek psychiatric help, ordering two years' rehabilitation.



http://www.forkliftaction.com/news/newsdisplay.asp?nwid=307

5.Positions Vacant: Field Service Mechanics - Full time
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Brisbane, Australia
Description: Repair and service forklifts and associated
equipment at customer sites around Brisbane
and region.

Requirements: Qualified forklift mechanic. Electric
and Gas experience preffered,
but training will be available to
successful applicants.
Contact Person: David Stoddard
Contact Phone: 61 7 3268 7755
Contact Fax: 61 7 3268 7758
Contact Email: davestoddard@yale.com.au
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http://www.forkliftaction.com/jobs/job_full.asp?joid=10


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