WELCOME TO FORKLIFTACTION.COM,
MATERIALS HANDLING ONLINE.
This is issue #117 - 24 July
2003 of the weekly newsletter for industry
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This week Forkliftaction.com's research
team has revised and added specifications in the Equipment
Catalogue for some of the Schaeff
range of forklifts, and some of the attachments manufactured
If you deal with these brands, please check our entries and
contact research manager Rodger
Lamb if changes are required.
NACCO SURGES THROUGH Q2 |
MAYFIELD HEIGHTS, OH, United
Nacco Industries Inc has announced a second
quarter net profit of USD9.6 million (EUR8.4 million), a
massive turnaround from the USD2.8 million (EUR2.4
million) reported in the second quarter of
The strong quarter lifts Nacco's net
income, for the half-year to June 30, to USD13.7 million
(EUR11.9 million), compared to USD9.1 million (EUR7.9
million) last year. Revenues for the second quarter came
to USD637.5 million (EUR551.1 million), compared to
USD609.6 million (EUR530.8 million) last year, while
six-month revenues finished at USD1.3 billion (EUR1.1
billion) compared to USD1.2 billion (EUR1 billion) last
Nacco Material Handling Group's (NMHG)
wholesale division earned USD6.3 million (EUR5.5
million) on revenues of USD389.2 million (EUR338.9
million), compared to net profit of USD2.5 million
(EUR2.1 million) on revenues of USD347.2 million
(EUR302.3 million) for Q2 of 2002.
revenues increased due to increased sales in each
geographic division, a shift in customer buying to
higher-priced forklifts and favourable currency
movements, namely the USD's contraction against the
Forklift shipments increased 5% to 16,961
units for Q2, compared to 16,135 units for the second
quarter of 2002. NMHG Wholesale's worldwide backlog
increased to 19,400 units, compared to 17,500 units at
the end of the second quarter of 2002 and 17,300 units
at the end of the first quarter this year.
the six months to June 30, NMHG Wholesale reported net
profit of USD11.0 million (EUR906 million) on revenues
of USD771.8 million (EUR672 million), compared to USD8.1
million (EUR7 million) earned on revenues of USD674.9
million (EUR587.7 million) in the first six months of
While global markets were uncertain, NMHG
said forklift shipments would increase moderately in the
second half. "Markets in the Americas are anticipated to
improve, while Europe and Asia-Pacific are expected to
remain relatively flat," the company said.
retail arm reported a USD600,000 (EUR522,466) net loss
on revenues of USD39.2 million (EUR34.1 million) for the
second quarter, compared to a net loss of USD3.7 million
(EUR3.2 million) on revenues of USD41.5 million (EUR36.1
million) for the second quarter of 2002. The company
said the improvement was largely due to stronger results
in the Asia-Pacific regions retail
For the six months to June 30, NMHG
Retail had a net loss of USD2.0 million (EUR1.7 million)
on revenues of USD75.6 million (EUR65.8 million),
compared to a net loss of USD5.0 million (EUR4.4
million) on revenues of USD85.6 million (EUR74.5
million) for the first six months of 2002.
said it would continue attempts to improve the
performance of its wholly-owned dealerships, and hoped
to achieve and sustain at least break-even
CHALLENGING TIMES FOR KCI KONECRANES
says its 2002 profit level is still within reach,
despite a weak start to 2003.
But actions to
rationalise capacity and increase efficiency would
result in KCI Konecranes total operating profit staying
below the 2002 figure.
The company reiterated a
comment from its first quarter report: "The profit level
of 2002 remains within reach, however the business
environment remains very challenging."
industrial cranes in Europe and North America remained
weak and growth was not yet expected, Konecranes said in
a statement. Maintenance services continued to
KCI Konecranes will publish its
January-June 2003 interim report on August 7.
- KCI Konecranes
**FORK TALK** BITA LAUNCHES CAREERS
SUNNINGHILL, United Kingdom
British Industrial Truck Association (BITA) has launched
a new campaign to attract students to the materials
The initiative is part of an
ongoing program designed to raise awareness of career
opportunities available to school leavers, and to
improve links between employers and
BITA president Brian Tyrer said
industry feedback suggested a shortfall of new recruits
in engineering, sales and service. A brochure, to be
distributed at schools, colleges and careers centres,
would detail job roles, entrance requirements and
companies running recruitment programs.
aim is to encourage young people to consider the
materials handling industry when making career choices,"
Mr Tyrer said. "The brochure is one way in which we hope
to raise the profile of the industry and get the message
across to young people about the many and varied careers
BITA is also introducing a student
connection service which ensures students' CVs are seen
by more than 50 of the UK's leading manufacturing and
distribution companies. Participating students receive
careers information, notification of job vacancies and
advice on how to get into the industry.
- BITA website -
**CORRECTION** CESAB CARRELLI ELEVATORI
Forkliftaction.com News #116, Forkliftaction.com
published incorrect and potentially misleading
information about Cesab's forklift
Contrary to the story that appeared, Cesab
will not introduce AC technology across its range, only
on its battery-powered models. Forkliftaction.com has
amended the online version of the story, which can be
viewed here: http://www.forkliftaction.com/news/newsdisplay.asp?nwid=1005.
apologises for the error and, in accordance with its
editorial policy, publishes this public notice of the
error and subsequent correction.
CROWN PE 4000 SERIES AN "INVESTMENT IN
NEW BREMEN, OH, United States
Equipment Corp has released a new series of pallet
trucks, the PE 4000 Series.
Crowns latest range,
which the company has called an "investment in
durability", is up to 45% heavier than the competition,
due to the use of additional steel at critical stress
points. The trucks feature wear plates made of T1 steel
and steel doors that guard against damage to internal
Crown says the PE 4000 Series has the
industry's biggest drive unit and a 13-inch drive tyre
for a smoother ride and surer handling. The trucks
castor assembly incorporates shim-free, quick-adjust
features for wheel life, stability, and better handling,
braking and traction.
The trucks have a sculpted
power unit, a ribbed kneepad design, premium mats and
floorboards to protect against heat, jarring motions and
No details of the new truck's distribution
roll-out were released before publication.
- Crown website -
HAPPY ENDING TO HORSE DRAMA
MORAY, United Kingdom
A forklift has
come to the rescue after a prize-winning Clydesdale
horse panicked and got wedged in its
Owner James McRitchie told the Forres
Gazette he had feared for his beloved eight-year-old
horse, Jeannie, when she collapsed in her trailer in a
car park. After coming round moments later, she panicked
and tried to bolt through a side door.
about 18 hands high and weighing one tonne, got trapped
in the door, which is no more than 60cm wide.
horse was sedated by a vet while efforts were made to
free her. A forklift from a nearby factory was called in
to help pull the horse free, and firefighters assisted
with the rescue.
"She was wedged tight by her
shoulders, and we had to put slings around her waist to
lift and pull her at the same time," Mr McRitchie
Jeannie was eventually freed, and suffered
only minor cuts.
Picture courtesy of the Forres Gazette.
ROUGH TERRAIN FORKLIFT|
Closing: 30 July 2003 TBA - Contract:
5 (FIVE) FORK-LIFT TRUCKS AND 1 (ONE) TELESCOPIC
Reading, United Kingdom
29 August 2003 10:00am - Contract: CPV:29221511
REPAIR - VARIOUS FORKLIFT HYDRAULIC CYLINDER
San Diego, CA, United
Closing: 05 August 2003 TBA - Contract:
PLC EQPT & MICROLOGIC FOR PALLET
New Brunswick, Canada
August 2003 1:30pm - Contract: 9364085
30 July 2003 TBA - Contract: SAC/IHY 2003/188 b
HIRE OF FORKLIFTS
Closing: 14 August 2003 TBA - Contract:
PORTABLE FORKLIFT RAMP - URGENT TENDERS CLOSE 24
FT. WAINWRIGHT AK, United
Closing: 24 July 2003 TBA - Contract:
July 2003 TBA - Contract: SAC/IHY-2003/188 c
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