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Dear reader,
WELCOME TO FORKLIFTACTION.COM, MATERIALS HANDLING ONLINE.
This is issue #69 - 08 August 2002 of the weekly newsletter for industry professionals.
 
INSIDE FORKLIFTACTION

NEWS
1. LID LIFTED ON CLARK MHC'S CH 11 EXIT STRATEGY
2. COLLAPSIBLE CONTAINER PROJECT ON BRINK OF COLLAPSE
3. PARTEK JANUARY TO JUNE RESULTS DOWN
4. KALMAR NEGOTIATIONS END WITH 150 OUT OF WORK
5. JCB WINS GBP1 MILLION RAF DEAL
6. **ADVERTISEMENT** NAME YOUR PRICE FOR FORKLIFT PARTS
7. CAPTION COMPETITION NUMBER TWO
8. FAST-GROWING CHINESE MARKET LURES NISSAN
9. MITSUBISHI CATERPILLAR FORKLIFT AMERICA TURNS 10
10. YALE WINS ‘CORKER’ CONTRACT
11. FORKLIFT ALMOST COLLAPSES BUILDING

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

UPCOMING EVENTS
13. CLM ANNUAL CONFERENCE 2002
14. IAA 2002
15. TRANSASEAN 2002

OPEN TENDERS
16. 2 PIECES OF POST PANAMAX GANTRY CRANE
17. RENTAL OF TWO (2) NEW FORKLIFTS, 4000LB CAPACITY
18. PURCHASE AND MAINTENANCE OF TWO FORK-LIFT TRUCKS.
19. ALL TERRAIN FORKLIFT
20. RENTAL OF FORKLIFTS UP TO 30,000LB CAPACITY,
21. 4-POST ELECTRO - MECHANICAL LIFT, 44,000 LB


Forkliftaction.com's research team brings members free tenders from around the world each week. Member feedback suggests Forkliftaction.com may be the only place on the internet where such specialised information if available free. Currently, open tenders in Forkliftaction.com's tenders section are from the following countries: Sweden, Germany, Ireland, Turkey, France, Greece, Denmark, Luxembourg, United Kingdom and the USA. Tenders that recently closed were from Spain, Canada and Australia, which affirms Forkliftaction.com's truly global reach. Forkliftaction.com members can opt to have tenders emailed to them with their newsletter each week. Click here to edit your preferences. Not yet a Forkliftaction.com member? Click here to sign up for your free membership.



1. LID LIFTED ON CLARK MHC'S CH 11 EXIT STRATEGY 
LEXINGTON, United States
Clark Material Handling Company will emerge from Chapter 11 bankruptcy by year-end following court approval this week of a planned USD25 million financing arrangement with private equity firm Sun Capital Partners, Inc.

In an exclusive interview with Forkliftaction.com News, Clark MHC chief executive Kevin Reardon said the company was confident it would re-enter the marketplace as a fully-funded entity in December "unless something crazy happens".

Under the agreement, approved by the US Bankruptcy Court in Wilmington, Clark has 75 days to tender a plan for reorganisation, and allow Sun Capital to perform due diligence. Mr Reardon said the plan should be tendered by the end of this month.

"The plan then enters a 25-day approval process, after which the court will give us a hearing, so we expect that to be in early October," he said. "The hearing will set a 60-day clock on which the approval and plan is acted upon, meaning that, unless something crazy happens, Clark will emerge from Chapter 11 status by December at the latest.

"I see nothing in the woodpile that would jeopardise this plan."

Assuming the plan proceeds smoothly, Mr Reardon said debtors owed about USD252 million before Clark's Chapter 11 filing would be offered settlements by Sun Capital, leaving the company with USD90 million of debt with German and Asian banks. Deferment would be negotiated on those debts, Mr Reardon said.

"We have focused on fixing the business and completing all the industrial restructuring necessary to attract new investors," Mr Reardon said. "I am very appreciative of our dealers, customers and suppliers who have supported Clark through this difficult period, and we are extremely excited about Clark's future.

"Obtaining and receiving approval to begin implementing this plan represents an important step in (the) reorganisation process."

Clark applied for and won Chapter 11 debt protection in April 2000, listing assets of USD349 million and liabilities of USD374 million as at February 2000.
- Clark MHC website -
2. COLLAPSIBLE CONTAINER PROJECT ON BRINK OF COLLAPSE 
BRISBANE, Australia
An industry-first project to launch a collapsible container is set to fold after the investment scheme coordinating its fundraising was found to be illegal.

McNally Australia Pty Ltd, which promoted a loan scheme to raise funds for Foltainer International Ltd between February 2001 and January this year, has agreed to repay AUD722,000 (USD380,638) to 59 investors by October 1 after an investigation by the Australian Securities & Investments Commission (ASIC), Australia’s corporate watchdog.

The foltainer is a container that can be collapsed to one-third of its size in less than one minute by two men and a forklift. Foltainer International director Geoff Antcliffe told Forkliftaction.com News last year that the foltainer offered great cost savings, because three empty foltainers could be stacked on a truck instead of one.

ASIC said Foltainer chairman Robert Walsh and McNally Australia directors Peter McNally and Richard Ashton were operating an unregistered managed investment scheme and providing investment advice without the licences required under Australian laws.

Investors were told their money would be used to develop foltainer and other inventions, and that they would receive interest until they requested repayment. Last month Messrs Ashton, McNally and Walsh offered an enforceable undertaking to ASIC that the investors would be repaid after acknowledging the scheme was illegal.

ASIC enforcement director Allen Turton said the directors had also agreed not to offer investment products or securities advice in contravention of the law again.

"Companies which raise funds from the public must ensure their activities comply with the Corporations Act - and investors should obtain independent advice before making an investment decision," he said.

McNally Australia did not return Forkliftaction.com News’s calls. Mr Walsh could not be reached.
3. PARTEK JANUARY TO JUNE RESULTS DOWN 
HELSINKI, Finland
Partek has booked EUR1.333 billion in net sales from January to June 2002, down from EUR1.361 billion in the corresponding period of 2001.

Operating profit for the half slipped to EUR38.9 million, down from EUR47 million in 2001. The first quarter operating profit was only EUR14 million, but the second quarter saw a strong recovery to EUR24.9 million.

Orders received accounted for EUR1.242 billion, up from EUR1.236 million for the 2001 corresponding period.

Container-handling machine orders dropped 17 percent to 370 from 445 in the same period in 2001. Load-handling machine orders were down four percent.

Orders for loader cranes increased. Good sales of new models had a positive effect on load handling's net sales, despite the segment falling 12 percent to EUR65 million compared to EUR75 million for the 2001 period.

"The first six months of the year have largely followed (forecasted) developments. After a poor first quarter, profitability improved in the second quarter. The strengthening of orders received has markedly improved the order book," the company's half-year financial report said.

"In spite of continuing economic uncertainty, profit in the second half of the year is expected to be better than in (2001). The target to achieve a better full-year profit than last year remains unchanged."
- Partek website -
4. KALMAR NEGOTIATIONS END WITH 150 OUT OF WORK 
TAMPERE, Finland
Kalmar Industries will cut 150 jobs at its Tampere plant as its strategy to create single-product manufacturing centres gets into full swing.

Negotiations with 170 workers resulted in 150 lay-offs, which will be achieved through part-retirements and termination of fixed-term contracts, the company said in a statement. No other planned job cuts have been made public.

The change of operating structure, detailed in May, would see each Kalmar product having a single product supply centre, responsible for product development, marketing and production. Kalmar said at the time that the strategy would have "personnel implications".

Under the new structure, straddle carriers, rubber-tyred gantry cranes and four-wheel-drive terminal tractors will be produced in Tampere; reachstackers and container-handling forklifts will be produced in Lidhult, Sweden; industrial forklifts in Ljungby, Sweden, ship-to-shore and rail-mounted gantry cranes in Rotterdam, the Netherlands; and production of regular terminal tractors will cease in Texas and be moved to Ottawa, in Kansas, USA.
- Kalmar website -
5. JCB WINS GBP1 MILLION RAF DEAL 
ROCESTER, United Kingdom
JCB has won a GBP1 million (USD1.5 million) contract to supply the Royal Air Force (RAF) with 27 JCB Loadall telehandlers.

Most of the 525-50 telehandlers, which will be used to move ammunition and weapons, have been built to meet RAF requirements, but two have also been modified to work at extremely cold temperatures. All the machines have been delivered. Each telehandler has specially-fitted lifting points to enable air lifting by helicopter.

The machines, made at JCB Compact Products, in Cheadle, Staffordshire, have a maximum payload of 2.5 tonnes and a maximum lift height of five metres. Most munitions are received in containers.

The RAF said in a statement that the telehandlers would replace an ageing fleet of JCB 410 machines, purchased in 1984, which would be phased out over two years.

"The contract went out to tender and it was judged that the JCB 525-50 Loadalls afforded the correct mix of value for money, operational capability and future supportability," the statement said.
- JCB website -
6. **ADVERTISEMENT** NAME YOUR PRICE FOR FORKLIFT PARTS 
BRISBANE, Australia
Looking for quality forklift parts at drastically reduced prices? QFS Australia has the widest range in the southern hemisphere and supplies after-market and OE forklift parts to suit Nissan, Komatsu, TCM, Toyota, Mitsubishi, Hyster and Yale to customers worldwide. We challenge you to test our range and prices! See for yourself why QFS Australia is so successful! Send us your top 50 part numbers and what you currently pay for them, their brand and description to export@qfsaustralia.com.au and we will do our best to beat your price. Alternatively, go here: http://www.forkliftaction.com/sponsor/qfs/default.htm to name your preferred price using our specially-designed online form.
- Click here to make a bid now -
7. CAPTION COMPETITION NUMBER TWO 
BRISBANE, Australia
Following the success of Forkliftaction.com's caption competition, our office was flooded with new, amusing pictures of materials-handling mishaps.

So, by popular demand, this week's Forkliftaction.com News marks the return of the Forkliftaction.com caption competition.

For those not familiar with the contest, readers are invited to submit captions to Forkliftaction.com's photo. The competition will run for a month, with the winner's caption being included in the newsletter.

The instructions are simple: click on the hyperlink below to take you to a page on the Forkliftaction.com website. Look at the photo, think of a funny caption, and email your suggestion to info@forkliftaction.com.

Here is an example to get you started: "The board ordered an immediate review of the master stevedore's new 'container pooling' plan." Good luck!

Please note: only readers with full free memberships can view the picture. If you are not yet a member, you may be prompted to complete your free registration after clicking the hyperlink.
- Click here to view the picture -
8. FAST-GROWING CHINESE MARKET LURES NISSAN 
TOKYO, Japan
Nissan has established a forklift and materials handling equipment subsidiary in China.

Nissan Forklift (Shanghai) Ltd, a 100 percent owned subsidiary of Nissan Motor Co Ltd, was established in response to "the fast-growing forklift market in China", a Nissan statement said.

Nissan Forklift Shanghai, under the stewardship of Mikio Saido, stocked parts and had a service centre. The company would provide technical expertise to dealers and customer support services to Nissan forklift users in China, Nissan said.
- Nissan website -
9. MITSUBISHI CATERPILLAR FORKLIFT AMERICA TURNS 10 
HOUSTON, United States
Mitsubishi Caterpillar Forklift America (MCFA) celebrates its 10th birthday this year.

MCFA began manufacturing forklifts in July 1992.

The company, which manufactures and sells forklifts under the Caterpillar and Mitsubishi brands, held a ribbon-cutting ceremony last month to open its new headquarters in Houston, Texas.

The ceremony was performed by MCFA’s current president, Tadashi Sotoike, and former presidents Yoichiro Okazaki (1997-2001) and Tetsu Okuno (1992-1997).

"Only through collaboration can we achieve our goals; only by expecting more from ourselves can we capitalise on our potential. We have achieved our goals over the past 10 years and I look forward to many more successful years to come," Mr Sotoike said.

MCFA has produced more than 175,000 forklifts in the last 10 years, and has opened four parts distribution centres across the USA. The company has 97 Cat and 105 Mitsubishi dealers in the USA, Canada and Latin America.
- MCFA website -
10. YALE WINS ‘CORKER’ CONTRACT 
PORTELA DE SACAVEM, Portugal
Yale Europe, through its Portuguese dealer Auto Sueco, has been appointed sole forklift supplier to cork producer Fabricor.

Based in Portugal, Fabricor is one of the world’s leading cork processors. The cork is used for bottle corks and shuttlecocks.

Yale was selected from 12 manufacturers that submitted forklifts for one-week tests. Yale has supplied Fabricor with a selection of forklifts from its ATF and AAF ranges of electric three and four-wheel counterbalance forklifts.

A Yale statement said Auto Sueco would provide service support for the machines. No details of the contract value were disclosed.
- Yale Europe website -
11. FORKLIFT ALMOST COLLAPSES BUILDING 
BRIXHAM, United Kingdom
A forklift has badly damaged a support stanchion at Brixham harbour's busy fish storage area.

Support props have been placed under an office to support the existing column, damaged when clipped by the passing forklift, a Herald Express report said.

Heavy rain had caused cracks in the stanchion to widen, and sturdier props originally used repairing a car park were put in place as a precaution.
 
12. 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 other’s brands within their respective marketplaces.
 
13. CLM ANNUAL CONFERENCE 2002
San Francisco, California, United States
29th September through to 2nd October 2002
14. IAA 2002
Hannover, Germany
September 12 till 19, 2002,
15. TRANSASEAN 2002
Jakarta, Indonesia
19th, 20th and 21st September 2002
 
16. 2 PIECES OF POST PANAMAX GANTRY CRANE
Ankara, Turkey
Closing: 05 September 2002 10:00am - Contract: CPV:29221410 - Cranes
17. RENTAL OF TWO (2) NEW FORKLIFTS, 4000LB CAPACITY
Corpus Christi, TX, United States
Closing: 28 August 2002 TBA - Contract: N68836-02-T-0285
18. PURCHASE AND MAINTENANCE OF TWO FORK-LIFT TRUCKS.
Luxembourg, Luxembourg
Closing: 14 August 2002 TBA - Contract: ND:116166-2002
19. ALL TERRAIN FORKLIFT
Palmer, AK, 99645, United States
Closing: 16 August 2002 TBA - Contract: 1050
20. RENTAL OF FORKLIFTS UP TO 30,000LB CAPACITY,
Petawawa, ON, Canada
Closing: 14 August 2002 2:00pm - Contract: W0107-02TN10/A
21. 4-POST ELECTRO - MECHANICAL LIFT, 44,000 LB
Hull Quebec, Canada
Closing: 10 September 2002 2:00pm - Contract: K2322-020005/A
 

  

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