This is issue #53 - 18 April 2002 of your personal newsletter.
The independent, global newsletter for industry professionals.
Contact: www.forkliftaction.com or email:firstname.lastname@example.org
IN THIS ISSUE:
1. CeMAT CHANGES ON THE CARDS
2. LONG REACH GOES UNDER
3. TVH DOUBLES UK OPERATION WITH BUCCANEER ACQUISITION
4. GERMAN SUBSIDIARY FOR AUSA
5. ROLF SLOBOTZKY: SOUTH OF THE BORDER
6. EQUIPMENT GIVES SOUTH HARBOUR A LIFT
7. CUSTOMER SUPPORT SEES DAEWOO SUCCEED
CeMAT 2002 is underway, with huge crowds ensuring this year's event is the best yet. Forkliftaction.com staff have been in attendance and will provide a comprehensive report, including new product releases, events, photographs and interviews, in a special edition of Forkliftaction.com news, out next week.
1.CeMAT CHANGES ON THE CARDS
HANNOVER, Germany CeMAT 2004 could be stalled until 2005, depending on the outcome of high-level discussions about proposed changes for the world's largest forklift exhibition.
Inga Buss, spokesman for fair organiser Messe AG, confirmed yesterday that Messe AG, industry bodies and forklift industry leaders were negotiating changes that could see CeMAT move to a three-year cycle.
Ms Buss said the discussions were opposed by allied industries, such as forklift parts suppliers and component manufacturers, who "would prefer the show to be staged annually rather than every two years".
She said the talks had been initiated by forklift manufacturers. Forkliftaction.com News understands manufacturers have complained that "innovation cycles" do not coincide with the two-year format of the show, meaning it was difficult to produce a new product for each fair to maintain brand interest.
Ms Buss said a decision on the proposed changes would be announced in June. She would not comment on a proposal that the show be split into specific forklift and allied industries exhibitions.
2.LONG REACH GOES UNDER
WESTPORT, United States Long Reach Inc has collapsed with unknown outstanding debts to creditors.
TBM Holdings, Long Reach's parent company, said in a stock exchange announcement on April 8 that the company had filed a voluntary petition under Chapter 11 of the US Bankruptcy Code in the US Banruptcy Court for the northern district of Texas.
The statement, filed to the Securities & Exchange Commission, said Long Reach would operate normally for six weeks, before its assets were liquidated.
"Long Reach will continue to operate its business as debtor-in-possession for six weeks, after which it expects to orderly liquidate its assets," the company said.
Forkliftaction.com News will bring readers more news of the collapse as it unfolds. Currently there is no indication from the company of the value of outstanding debts nor a likely time within which creditors will be settled.
3.TVH DOUBLES UK OPERATION WITH BUCCANEER ACQUISITION
NEW BIRMINGHAM, United Kingdom TVH UK Ltd, based in Birmingham, a subsidiary of TVH in Belgium, has acquired Buccaneer's Forklift Truck and Tractor Parts, the Climax Forklift Truck trademark and rights to the Buccaneer Spare Parts name.
"The agreement is quite interesting for us because Buccaneer specialised in the English and Commonwealth markets with brands such as Boss, Bonser, Henley and Climax ... A lot of older Climax machines are still found in Africa. Now we can service them under the trademark," said spokesman Bernard De Meester.
Buccaneer was reported to have a turnover of about EUR2.5 million last year. TVH UK will move its operation and 12 staff from Birmingham to Buccaneer's Solihull premises. The deal doubles TVH's operation in the UK, and strengthens its worldwide business, which now has around 30 brands in its portfolio.
TVH planned to "strengthen our global, one-stop-shop concept", Mr De Meester said.
4.GERMAN SUBSIDIARY FOR AUSA
MEERBUSCH, Germany Spanish forklift maker Automoviles Utilitarios SA (Ausa) has established a new subsidiary in Germany to provide better after-sales support and backup for its German dealers.
While Ausa's dumpers have been exported from Barcelona for more than 15 years, the Ausa forklift range and other products have sold well in Germany for about the last five years, a company statement said.
Ausa Deutschland GmbH, which has an office and warehouse on the outskirts of Dusseldorf, was established solely to increase the company's exposure to the German market and to oversee backup sales and support for Ausa machines operating in German applications.
"Apart from the increase in the level of service, one of the main objectives is to increase the number of dealers throughout (Germany)," the company said.
Meanwhile, Ausa United Kingdom is about to incorporate five new distributors in Great Britain and Ireland. Managing director Gerard Bibby said enlarging the UK dealer network was a priority this year.
5.ROLF SLOBOTZKY: SOUTH OF THE BORDER
MEXICO CITY, Mexico The difficult economic outlook in Mexico has meant that, this year, no Mexican forklift industry representatives have attended the 2002 Detroit and Hannover exhibitions.
Many forklift buyers and dealers are more conscious about spending money on trips. An exhibition more likely to draw a Mexican crowd is ProMat in Chicago in 2003 but, again, the amount of travellers will depend on the economy's developments this year.
Unfortunately, forklift sales are currently about 20 per cent down, in comparison to the same time in 2001.
6.EQUIPMENT GIVES SOUTH HARBOUR A LIFT
MANILA, Philippines Asian Terminals Inc (ATI) has acquired several high-capacity container handlers as part of a 10-year development plan for the city's South Harbour container and stevedoring terminals.
The company has commissioned one post-panamax Mitsui-Paceco quay crane for ship-to-shore container transfers, two rubber-tyred gantry (RTG) cranes, one reach stacker and two sideloaders.
ATI last year announced a USD11 million, two-year upgrade for the 20-hectare South Harbour container yard, and the rehabilitation of one container port.
The expansion of only the northern part of the yard last year boosted stacking capacity by 3080 TEUs to 770,000 TEUs per year, a spokesman said. It also improved crane productivity and reduced truck turnaround times.
Room for a further 4080 TEUs will be added this year, and the harbour's empty container depot will be upgraded and expanded.
7.CUSTOMER SUPPORT SEES DAEWOO SUCCEED
INCHON, Korea, South Daewoo Heavy Industries & Machinery Ltd president Jae-Shin Yang says that, while 2001 was an uncertain year for the forklift market generally, Daewoo still achieved USD1.2 billion in sales and an operating profit of USD60 million.
Mr Yang said the results would not have been achieved without the "unfailing support" of customers and the diligence of staff.
"Our expectations for (this) year are extremely hopeful, in spite of the global economic downturn and competitive local business environments," he said in a statement.
"We are aiming for constant growth, with an annual sales target of USD1.5 billion and operating profit of USD106 million, which we are confident we will achieve through the united effort and combined strength of our talented workforce."
Mr Yang said Daewoo would "aggressively pursue" corporate partners to secure capital and advanced technology this year and beyond. "These efforts will lead Daewoo to consolidate its status, significantly raising the level of our technological capability and product competitiveness.".
Should you no longer like to receive news from Forkliftaction.com or want to tailor what you receive, please click the following link: