This is issue #68 - 01 August 2002 of your personal newsletter.
************************************************************
FORKLIFTACTION.COM
The independent, global newsletter for industry professionals.
************************************************************

IN THIS ISSUE:
--------------
INSIDE FORKLIFTACTION

NEWS
1. FINANCIAL BACKER FOUND FOR CLARK MHC?
2. NACCO RESULTS IMPROVE SLIGHTLY
3. JAPANESE FORKLIFT SALES AND OUTPUT FALL
4. BELET PROFITS SLIDE AS IMPORTERS' CURRENCIES WEAKEN
5. FORMER LINDE EXEC IN NEW AUSTRALIAN VENTURE
6. FORKLIFT JOINS BOB THE BUILDER

MEDIA RELEASES
7. FORKLIFTACTION.COM AND TIMBERWEB ANNOUNCE STRATEGIC PARTNERSHIP

UPCOMING EVENTS
8. IAA 2002
9. METKO 2002
10. SUPPLY CHAIN & LOGISTICS CONFERENCE AND EXHIBITION

OPEN TENDERS
11. FORKLIFT PREVENTATIVE MAINTENANCE SERVICES
12. ELECTRIC FORKLIST, MAKE: HYSTER, MODEL: J50XM2
13. MAINTENANCE CONTAINER HANDLING GANTRY CRANES - 3 YEAR CONTRACT
14. HARBOUR CRANES. QUANTITY: 3
15. SERVICE LIFE EXTENSION PROGRAM FOR US ARMY'S 6,000 LB VARIABLE REACH ROUGH TERRAIN FORKLIFT
16. REPAIR AND MAINTENANCE OF VARIOUS BRANDS OF FORKLIFTS
17. LIFTING TRUCKS


INSIDE FORKLIFTACTION
---------------------
This week Forkliftaction.com announces the formation of a strategic partnership with TIMBERWeb, the United Kingdom's premier online community for the timber industry worldwide. Forkliftaction.com has published a media release about this new agreement on the media releases page. To post your company's media release, take advantage of Forkliftaction.com's media release options by clicking here.

Contact: www.forkliftaction.com or email:info@forkliftaction.com

------------------------
NEWS
------------------------
1. FINANCIAL BACKER FOUND FOR CLARK MHC?
--------------------------------------------
LENXINGTON, United States
Clark Material Handling Company is awaiting court approval for a letter of intent signed on July 3 between it and a new capital backer.

Details of the move are scarce. Forkliftaction.com News's discussions with management revealed many staff were still unaware of the name of the backer.

But spokesman Kevin Reardon, who heads Clark's Korean operation, said it was "one of America's biggest and most successful private investment groups". An announcement is expected soon.

Clark entered Chapter 11 bankruptcy in April 2000 claiming it had USD349 million in assets and USD374 million in liabilities. Since then the company has moved production of its forklift lines from Kentucky to plants in Alabama, Germany and Korea.

Mr Reardon said speculation Clark Korea was being pressured to repay USD50 million in money borrowed from Korean banks to cover shipments not paid for by Clark USA was "not true".

"It's absolutely not true. Just like in a lot of other countries, companies can opt, for a fee, to have exported goods 'paid for' by banks, who assume the debt and are then paid by your customer," he said.

"Clark USA received a USD50 million shipment from Korea early in 2000, and filed its Chapter 11 application before the money had been repaid.

"Under the terms of the letter of intent between Clark USA and the investment partner, that USD50 million will be assumed by the financier."
- Clark website - http://www.clarkmhc.com

http://www.forkliftaction.com/news/newsdisplay.asp?nwid=544

2. NACCO RESULTS IMPROVE SLIGHTLY
-------------------------------------
MAYFIELD HEIGHTS, United States
Nacco Industries Inc's Yale, Hyster and parts units were stand-out performers in an improved operating profit, despite lower sales for 2002's second quarter, ended June 30.

Nacco chairman Alfred Rankin Jr said demand for forklifts continued to improve. "Backlog increased (24 percent) to 17,500 units'' at June 30, compared to 14,100 orders not yet filled at June 30, 2001, and 16,300 at March 30 this year.

"We've continued in each quarter to increase our backlogs, which should bode well for shipment volumes as we look to future quarters," Mr Rankin said.

The materials handling group's wholesale and retail forklift units accounted for 63.8 percent of Nacco's sales for the quarter.

"Although profit in the second quarter was a modest number in total, I feel good about the total situation," Mr Rankin said. The results "are confirmation of our cost reduction and restructuring".

Wholesale achieved profit of USD2.5 million on sales of USD347.2 million, compared to USD4.9 million profit on sales of USD392.0 million for the comparable 2001 quarter. Wholesale shipped 16,135 units in the quarter, compared to 14,971 for the same period in 2001.

The retail unit posted the same USD3.7 million loss as the 2001 quarter, but the 2002 result was on sales of USD41.5 million, compared to USD52.7 million in sales for second quarter 2001.

"The largest portion of that (current retail loss) was in our Asia-Pacific operations, where we continue a restructuring program," Mr Rankin said. "While our objective of achieving at least break-even results is coming a bit more slowly than we anticipated, we think the underlying situation is improving, and we are continuing to focus a lot of management attention on that area."
- Nacco website - http://www.nacco.com

http://www.forkliftaction.com/news/newsdisplay.asp?nwid=545

3. JAPANESE FORKLIFT SALES AND OUTPUT FALL
----------------------------------------------
TOKYO, Japan
Forklift sales in Japan slid to 45,801 units in the half-year to June 30, down 9.4 percent on the same period in 2001, according to the latest figures from the Japan Industrial Vehicles Association.

Domestic forklift sales plunged 10.6 percent to 31,379 units, while exports fell 6.8 percent to 14,422 units, a Nippon Kogyo Shimbun report said. Total output dropped 11.6 percent to 47,619 units in the first half.

For the month of June, forklift sales slid 6.2 percent to 8,462 units compared to June 2001, and forklift output fell to 8,437 units, down 8.9 percent.

http://www.forkliftaction.com/news/newsdisplay.asp?nwid=546

4. BELET PROFITS SLIDE AS IMPORTERS' CURRENCIES WEAKEN
----------------------------------------------------------
VEJPRTY, Czech Republic
Forklift manufacturer Belet has posted KC1.1 million (USD35,601) profit from KC58 million (USD1,877 million) in sales for the 2002 first half to June 30, down from KC2.49 million (USD80,587) in revenue from KC70 million (USD2.265 million) in sales, according to the company's results.

Sales director Petr Nuslauer told CTK Business News that profits dropped because of the firming Czech currency and weaker currencies in export markets. Exports account for 46 percent of Belet's output, with the main export nations being Italy, Russia, Poland, Slovakia, Germany, Great Britain, the US and the Ukraine.

"The outcome of the lower value of the US dollar and eventually the Euro has manifested itself in lower revenues from exports and a drop in export margins," Mr Nuslauer said.

Belet employed 98 people at June 30, unchanged from the previous year. Belet's main product is forklifts, which it launched in September 1997 under a cooperative agreement with Prowel, of Taiwan, and Marioti, of Italy.
- Belet website - http://www.belet.cz

http://www.forkliftaction.com/news/newsdisplay.asp?nwid=547

5. FORMER LINDE EXEC IN NEW AUSTRALIAN VENTURE
--------------------------------------------------
SYDNEY, Australia
The former chief executive of Linde's Australian operation has launched a new business in the materials handling support services industry.

Frank Espig, who left Linde last October, has launched Apex Associates Pty Ltd to provide sales and support to the Australian market, which he said were "severely lacking". Mr Espig was replaced at Linde by Glen Butler.

Apex aimed to be a total forklift service solution; a single business through which forklift users could obtain parts and technical and warranty support, Mr Espig said. The idea for the business occurred to him several years ago.

"The industry is divided. The associated services industry hasn't grown in line with the materials handling industry. Apex will represent many companies and provide technicians for support," he said.

"Forklift buyers and users are more complex now. They want to be able to access new and better parts and services, and comprehensive technical and sales support post-purchase."

Apex, operating from Newington, Sydney, represents three brands so far: Hoppecke forklift batteries, Meyer International forklift attachments and Grammer forklift seats. A strong showing at the Food Processing Exhibition 2002, July 21-24, at Darling Harbour, Sydney, had netted much interest and several orders, Mr Espig said.

"It's been very encouraging to start with. We are taking new orders every day, and plans for expansion are already in progress," he said.

http://www.forkliftaction.com/news/newsdisplay.asp?nwid=548

6. FORKLIFT JOINS BOB THE BUILDER
-------------------------------------
LONDON, United Kingdom
The cast of Bob the Builder, the children's television program which commands a legion of sub-teen fans around the world, will be joined this year by a mischievous forklift.

Named Trix, the forklift would arrive with Skip, a dopey truck, and cause headaches for the main stars with its pranks, according to The Sun.

The new characters would arrive at a time of change for the hit show, with two other new characters, Molly and JJ, the show's first characters from an ethnic minority, joining the cast. Molly was sensitive to green issues, and her father, JJ, was a building merchant, the report said.

http://www.forkliftaction.com/news/newsdisplay.asp?nwid=549

------------------------
MEDIA RELEASES
------------------------
7. Forkliftaction.com and TIMBERWeb Announce Strategic Partnership
----------------------------------------------------------------------
BRISBANE, Australia
Forkliftaction.com, the global marketplace for forklifts and container handling equipment, and TIMBERWeb, the world's leading business-to-business (B2B) eMarket for timber and lumber, are pleased to announce a strategic partnership and co-marketing agreement, through which the two companies will promote each others brands within their respective marketplaces.
http://www.forkliftaction.com/news/newsdisplay.asp?nwid=535

------------------------
UPCOMING EVENTS
------------------------
8. IAA 2002
--------
Hannover, Germany
September 12 till 19, 2002,
http://www.forkliftaction.com/events/eventdisplay.asp?evid=73

9. METKO 2002
----------
Jmsnkoski, Finland
5th, 6th and 7th September 2002
http://www.forkliftaction.com/events/eventdisplay.asp?evid=119

10. Supply Chain & Logistics Conference and Exhibition
--------------------------------------------------
Atlanta, Georgia, United States
10th, 11th and 12th September 2002
http://www.forkliftaction.com/events/eventdisplay.asp?evid=121

------------------------
OPEN TENDERS
------------------------
11. Forklift Preventative Maintenance Services [Contract: IFB #50981]
------------------------------------------
Sacramento, United States
Closing: 22 August 2002
http://www.forkliftaction.com/tenders/tender_full.asp?teid=80

12. Electric Forklist, Make: Hyster, Model: J50XM2 [Contract: DAHA17-02-T-0059]
----------------------------------------------
Camp Keyes, Augusta,, United States
Closing: 21 August 2002
http://www.forkliftaction.com/tenders/tender_full.asp?teid=81

13. Maintenance Container Handling Gantry Cranes - 3 Year contract [Contract: CPV: 50531400]
--------------------------------------------------------------
Waterford, Ireland
Closing: 01 September 2002
http://www.forkliftaction.com/tenders/tender_full.asp?teid=82

14. Harbour cranes. Quantity: 3 [Contract: CPV: 29221411]
---------------------------
Dunkerque, France
Closing: 09 September 2002
http://www.forkliftaction.com/tenders/tender_full.asp?teid=83

15. Service life extension program for US Army's 6,000 LB variable reach rough terrain forklift [Contract: DAAE0702RT162]
-------------------------------------------------------------------------------------------
Warren, MI, United States
Closing: 14 August 2002
http://www.forkliftaction.com/tenders/tender_full.asp?teid=54

16. Repair and maintenance of various brands of forklifts [Contract: N0024402T0901]
-----------------------------------------------------
San Diego CA, United States
Closing: 12 August 2002
http://www.forkliftaction.com/tenders/tender_full.asp?teid=57

17. Lifting trucks [Contract: CPV: 29221510]
--------------
Stockholm, Sweden
Closing: 26 August 2002
http://www.forkliftaction.com/tenders/tender_full.asp?teid=68


Should you no longer like to receive news from Forkliftaction.com or want to tailor what you receive, please visit the following web address:
http://www.forkliftaction.com/members/default.asp?usemail=info@forkliftaction.com&nd=20020801