News 18 Jul 2024 by WCN Editorial
Hyster-Yale Group plans to manufacture container handlers in China at the Fuyang site, aiming to enhance global market responsiveness. reach stacker operator training
Hyster-Yale Group has announced it will be building container handlers in China, expanding its sourcing options to better meet the needs of the global market.
The company expects its RS45 reach stackers and empty container handlers (ECHs) to be sourced from production locations in Nijmegen, the Netherlands, and Fuyang, China, starting in 2024.
Hyster acquired the Fuyang site in 2017 when it purchased 75% of Zhejiang Maximal Forklift Company for US$90m.
Recently, significant changes have occurred at TIL (formerly Tractors India), which produces Hyster container handlers under licence in India. TIL has lost market share in India recently, mostly to Sany, which has sold machines to major operator Concor, among others.
In January, Gainwell Group acquired a dominant stake in TIL through its Indocrest Defence Solutions Private Limited. The new TIL management plans a two-year revitalisation, focusing on operational efficiency, capacity utilisation, and enhancing customer support with Gainwell’s aftermarket practices.
The company aims to boost the manufacturing and distribution of Hyster products, particularly in the reach stacker segment, to regain market dominance.
Rajiv Prasad, the Hyster-Yale President and CEO, stated: “We look forward to a strong turnaround for TIL in the days ahead. Hyster remains confident that the long-standing partnership between Hyster and TIL will reach new heights. Hyster-Yale Group is committed to working with TIL in its speedy ramp-up, supporting our mission of providing ‘optimal solutions’ to solve customers’ toughest problems.”
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OEMs continue to make progress with battery-powered machines and alternative fuels as more ports in the US line up for government incentives for low and zero emissions equipment.
Early shipping of goods sustains Port of Oakland’s container volumes in September.
The Port of Aarhus will lease land to MSC’s TiL for a new 170,000 sqm container terminal, set to be fully operational by 2027.
Malta Freeport Terminals (MFT) takes delivery of two new empty handlers from Hyster.
More container terminal concessions are expected to change hands as integrated companies look to match their terminal portfolios to their wider supply chain strategy, while at the same time spreading the risk from supply chain disruptions.
HHLA has launched the first hydrogen-powered port logistics test field and refuelling station at the Port of Hamburg’s Container Terminal Tollerort.
News 18 Jul 2024 by WCN Editorial
Hyster-Yale Group plans to manufacture container handlers in China at the Fuyang site, aiming to enhance global market responsiveness.
Hyster-Yale Group has announced it will be building container handlers in China, expanding its sourcing options to better meet the needs of the global market.
The company expects its RS45 reach stackers and empty container handlers (ECHs) to be sourced from production locations in Nijmegen, the Netherlands, and Fuyang, China, starting in 2024.
Hyster acquired the Fuyang site in 2017 when it purchased 75% of Zhejiang Maximal Forklift Company for US$90m.
Recently, significant changes have occurred at TIL (formerly Tractors India), which produces Hyster container handlers under licence in India. TIL has lost market share in India recently, mostly to Sany, which has sold machines to major operator Concor, among others.
In January, Gainwell Group acquired a dominant stake in TIL through its Indocrest Defence Solutions Private Limited. The new TIL management plans a two-year revitalisation, focusing on operational efficiency, capacity utilisation, and enhancing customer support with Gainwell’s aftermarket practices.
The company aims to boost the manufacturing and distribution of Hyster products, particularly in the reach stacker segment, to regain market dominance.
Rajiv Prasad, the Hyster-Yale President and CEO, stated: “We look forward to a strong turnaround for TIL in the days ahead. Hyster remains confident that the long-standing partnership between Hyster and TIL will reach new heights. Hyster-Yale Group is committed to working with TIL in its speedy ramp-up, supporting our mission of providing ‘optimal solutions’ to solve customers’ toughest problems.”
By subscribing you will have:
SUBSCRIBE or, if you are already a member Log In
OEMs continue to make progress with battery-powered machines and alternative fuels as more ports in the US line up for government incentives for low and zero emissions equipment.
Early shipping of goods sustains Port of Oakland’s container volumes in September.
The Port of Aarhus will lease land to MSC’s TiL for a new 170,000 sqm container terminal, set to be fully operational by 2027.
Malta Freeport Terminals (MFT) takes delivery of two new empty handlers from Hyster.
More container terminal concessions are expected to change hands as integrated companies look to match their terminal portfolios to their wider supply chain strategy, while at the same time spreading the risk from supply chain disruptions.
manual stackers manufacturer HHLA has launched the first hydrogen-powered port logistics test field and refuelling station at the Port of Hamburg’s Container Terminal Tollerort.