Toyota Industries Corporation to acquire the forklift business of Tailift
Serving primarily China and Taiwan, Tailift produces 28,000 forklifts annually.
Latest Material Handling News
Lucas Watson appointed CSO for Körber’s Parcel Logistics business in North America Hyster recognizes Dealers of Distinction for 2023 Carolina Handling names Joe Perkins as COO Walmart deploying autonomous lift trucks at four of its high-tech DCs Kathleen Phelps to join FORTNA as chief financial officer More NewsToyota Industries Corporation (TICO), parent company of Toyota Material Handling, USA, (TMHU), has entered into a definitive agreement under which TICO will acquire the forklift business of Tailift Co.
Operating mainly in Taiwan and China, Tailift is a Top 20 manufacturer of electric and internal combustion forklifts as well as industrial machine tools. Established in 1973, the company employs 1,000. Tailift’s forklift department has a production capacity of 28,000 forklifts per year.
The agreement was announced in September 2014 by TICO president Akira Onishi.
The Forklift Division of Tailift has manufacturing plants in Taiwan and China and has its strength in developing, manufacturing and selling forklifts that are mainly targeted towards emerging markets.
Article Topics
Latest in Materials Handling
Lucas Watson appointed CSO for Körber’s Parcel Logistics business in North America Hyster recognizes Dealers of Distinction for 2023 Carolina Handling names Joe Perkins as COO C-suite Interview with Keith Moore, CEO, AutoScheduler.AI: MODEX was a meeting place for innovation Walmart deploying autonomous lift trucks at four of its high-tech DCs Coles shops big for automation Kathleen Phelps to join FORTNA as chief financial officer More Materials HandlingSubscribe to Materials Handling Magazine
Find out what the world's most innovative companies are doing to improve productivity in their plants and distribution centers.
Start your FREE subscription today.
April 2024 Modern Materials Handling
Latest Resources
