
Nissan spokesman Mitsuru Yonekawa tells Forkliftaction.com News articles mentioning Hitachi Construction’s impending acquisition of Nissan Forklift Co are “incorrect and speculative”.
Hitachi Construction, which owns forklift manufacturer TCM Corp, turned TCM into a wholly-owned subsidiary in December 2009 (Forkliftaction.com News #427). The parent company absorbed the wheel loader operations in April 2010, leaving TCM to focus on forklifts. Nikkei Report says TCM was ranked fourth, with an 8.4% market share, in Japan last year.
Nissan Forklift Co is fifth, according to Nikkei Report, with a 6.8% share of the domestic market. Together, the two forklift businesses would have 15.2% of the Japanese forklift market, closing in on third-placed Komatsu Ltd.
source: forkliftaction.com
Tags: hitachi construction machinery, nissan forklift