WELCOME TO FORKLIFTACTION.COM,
MATERIALS HANDLING ONLINE.
This is issue #86 - 05 December
2002 of the weekly newsletter for industry
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Welcome to all new
members, including those from the following companies: Rocla,
Finland; The Raymond Corporation, USA; Peinemann Holding BV,
the Netherlands; Pramac, Italy; Toyota, Canada; Skyways
Services, Pakistan; German SPA, Algeria; Key Industrial
Equipment Ltd, United Kingdom; Toyota Truck Norge AS, Norway;
Brenntag, Mexico; Nacco Materials Handling, Australia; Crown
Lift Trucks, Germany; and Tong Myung Heavy Industries, South
SALES DOWN, PROFITS UP AT JUNGHEINRICH |
held up well in the third quarter of 2002 despite
difficult economic conditions, posting a higher return
on sales and higher net income, according to the
companys latest report.
In the third quarter,
which ended on October 31, Jungheinrich achieved sales
of EUR360 million (USD359.86 million) which, despite
being down on the EUR378 million (USD377.85 million)
posted in the third quarter of 2001, was three percent
higher than the second quarter this year.
sales, after nine months, were down seven percent at
EUR1.06 billion (USD1.06 billion) compared to EUR1.14
billion (USD1.395 billion) in 2001.
said Jungheinrich maintained its market position despite
the steadily weaker (market) development in the summer
months. Order intake reached EUR357 million (USD356.8
million) compared to EUR375 million (USD374.8 million)
in the third quarter of 2001.
before interest and taxes improved in the third quarter
to achieve a return on sales of 4.5 percent, 0.7 percent
higher than 2001, the report said. The result, after
nine months, improved to EUR44 million (USD43.9 million)
compared to EUR49.1 million (USD49.08 million) in
Net income of EUR10.2 million (USD10.19
million), compared to the 2001 third quarter net profit
of EUR6.3 million (USD6.29 million), brought the
year-to-date surplus to EUR26.8 million (USD26.78
million), compared to EUR25.6 million (USD25.58 million)
Jungheinrich said there was hardly any
stimuli for economic development of the materials
handling industry in Europe.
The signs point to
a decline in the market volume for materials handling
equipment by some six percent in Europe.
Correspondingly, a lower order intake and lower sales
than in the previous year are planned for" the full year
2002, the report said.
For 2003, the company
expects to see a slight recovery of the economy with
correspondingly positive effects on the development of
FILIPINO FORKLIFT INDUSTRY STRUGGLES TO
MAKATI CITY, Philippines
depreciation of the Filipino currency and stiff
competition in the market have weakened demand for
materials handling in the Philippines.
companies are leasing used forklifts instead of buying
new units, due to tight budgets, said Philippine
Forklift Centre senior vice president Isidro Perez. The
centre is Toyotas exclusive distributor for the
There are no signs the materials
handling market will improve in 2003. (It has been
depressed) since the financial crisis in 1997, he said.
Companies have a wait-and-see attitude, due to limited
Some companies had extended their fleet
and parts rotations to more than seven years, reflecting
the difficult conditions.
Mr Perez said large
companies had outsourced logistics, trucking and
warehousing operations to the disadvantage of forklift
vendors, since we have to negotiate with several firms
instead of one company.
With more than 25
forklift brands in the Filipino market, competition was
stiff, so only those which offered the best terms for
after-sales support and service would
The materials handling industry is
overcrowded, and clients are more demanding in terms of
pricing, technical support and service, Mr Perez
Total industry sales would fall between 400
and 500 forklifts for 2002, far below sales before the
1997 financial crisis, he said.
TOYOTA WINS AKCROS FLEET DEAL
MANCHESTER, United Kingdom
Industrial Equipment (Northern) Ltd has won a contract
to supply 17 forklifts to Akcros Chemicals in Eccles,
The value of the contract has not
Akcros Chemicals is part of Akzo
Nobels Business Unit Functional Chemicals, a world
leader in additives for manufacturing and processing
Toyota Northern sales and marketing director
Terry Stephens said Toyota trainers would work with
forklift drivers at Akcros.
Were delighted to
be supplying Akcros Chemicals with a fleet of forklifts
which features the very latest technology from the new,
world-beating Generation 7 range, he said.
contracted fleet includes the engine-powered 7FDF 25,
the three-wheeled electric 5FBE 15, and the 7FBRE 16
All the forklifts were fitted with
fleet management systems to report to management
information such as which operators are using which
forklifts, and running times, Mr Stephens
Toyota (Northern) wesbite -
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EURO DAEWOO LIFT TRUCK DIVISION TURNS
NORTHAMPTON, United Kingdom
Daewoo UK has celebrated the first birthday of its lift
Since taking over the forklift
business of the Lex Group on October 1, 2001, Euro
Daewoo has been awarded several large contracts from
businesses such as Nestle, LDV and Christian Salvesen
Logistics, which most recently ordered 56
A Euro Daewoo statement said the
company expected to reach its 700-unit sales target for
Daewoo website -
**FORK TALK** LATEST MHIA FORECAST NOW
CHARLOTTE, United States
Material Handling Industry of America (MHIA) has just
released the latest quarterly materials handling
equipment manufacturing (MHEM) forecast.
50-page November 2002 forecast looks 12 months to 18
months forward to anticipate changes in the materials
handling market and includes:
~ an economic cycle
~ analysis of leading indicators;
National Association of Business Economists'
~ a capital spending analysis and summary;
~ the MHEM forecast for domestic, import, and
The MHEM forecast is free to MHIA
members, but a special MHEM segment brief, an overview
of industry activity for the current quarter, is
available free to non-members. Non-members can purchase
the complete forecast for USD195 by placing an order
through the MHIAs online bookstore at www.mhia.org.
Get the MHIA forecast -
STOLEN FORKLIFT AN EXPENSIVE TAXI
ABERDEEN, United Kingdom
A drunk man
used a stolen forklift as a ride home after a night on
the town, a court has heard.
Ronald Leiper, 20,
admitted allowing himself to be carried on a stolen
forklift on Aberdeen's Victoria Road in August, an
Aberdeen Press & Journal report said.
court heard the forklift was stolen at about 3am on
August 16 and, while Mr Leiper did not know the person
driving, he decided to hitch a ride.
He was fined
GBP150 (USD235.76) and banned from driving for three
LIFTING AND HANDLING EQUIPMENT|
Closing: 13 January 2003 12:00am -
Contract: CPV: 29221000
LIFTING AND HANDLING EQUIPMENT - QUALIFICATION
Closing: 09 December
2002 TBA - Contract: CPV: 29221000
N3930E TRUCK, FORKLIFT
Closing: 18 December 2002 11:00am - Contract:
ONE (1) 3500 LBS CAPACITY ELECTRIC FORKLIFT AND BATTERY
December 2002 2:00pm - Contract: 2-2143
ONE (1) ONLY NEW THREE WHEEL
Halifax, N.S, Canada
December 2002 2:00pm - Contract: F5955-020520/A
3,000 LB. ELECTRIC FORKLIFT INCLUDING
January 2003 2:00pm - Contract: W8476-020368/A
LIFTING EQUIPMENT AND SERVICES
Closing: 15 December 2002 TBA - Contract:
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