Power Solutions International announces strategic supply agreement with NACCO

PSI to supply NHMG with engines using propane and compressed natural gas for 1-ton to 8-ton forklifts.

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Power Solutions International, a leader in the design, engineering and manufacture of emissions-certified alternative-fuel and conventional power systems announced today a multi-year supply agreement with NACCO Materials Handling Group, Inc. (“NMHG”), the global forklift manufacturer. PSI will supply NMHG with alternatively-fueled power systems.

The NMHG agreement marks the launch of PSI’s long-term 2.0-liter and 2.4-liter power system program, which has been in progress for two years. PSI’s new engine displacements provide more power and torque and improved fuel efficiency at lower speeds. In late 2012, PSI earned US Environmental Protection Agency and California Air Resources Board certification for both systems for large spark-ignited (LSI) engines for mobile applications running on propane and natural gas.

In addition to the 2.0-liter and 2.4-liter power systems, PSI will also continue to supply 4.3-liter and 5.7-liter power systems to NMHG, making PSI a supplier of internal combustion engines for NMHG’s 1-ton to 8-ton forklift applications. PSI specifically designed all four systems to run on propane and collaborated with NMHG on development of a newly certified compressed natural gas system.

“Earning NMHG’s long-term business marks a key milestone for PSI. Throughout this partnership, we have worked hard to exceed NMHG’s expectations and this new agreement recognizes that effort,” said PSI president and CEO Gary Winemaster. “It is a significant validation for our capabilities and valued partnership.”

NMHG provides the strategic leadership and global support behind Hyster and Yale lift trucks and is a wholly owned subsidiary of Hyster-Yale Materials Handling. PSI will manufacture the power systems in its Wood Dale, Ill., facility in the US. However, production will likely expand in the future to the company’s new facilities in Dalian, China as needs arise to best serve the extended global footprints of both NMHG and PSI.

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