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Top 10 ranking remains stable 2

22 Mar 2017 -
Hyster-Yale Materials Handling dropped a position to number five, after a 6.8% decline in turnover to USD2,578 million. Over the course of the second and third quarters of 2016, Hyster-Yale Group acquired 100% of the shares in Bolzoni SpA, a company that is based in Casoni di Podenzano, Italy, which manufactures accessory equipment, forks and lifting tables. 

Also losing ground was sixth-placed Mitsubishi Nichiyu Forklift Co., which saw a 6.8% revenue slump, although profit rose 9.4%. In the reporting year, the company sold 60,752 units – up from 58,186 the previous year. 

On 31 March 2016, Mitsubishi Nichiyu Forklift and parent company MFET completed the acquisition of 100% of the shares in Unicarriers Holdings Corporation. MFET holds 65% and Mitsubishi Nichiyu Forklift 35% of the shares in Unicarriers, which is operated as an affiliate of the company. 

In financial year 2015, the Cargotec Group of Finland increased its turnover for the second year in a row to come in at number seven. Net turnover rose 11.1%, while its net profits almost doubled. Its Kalmar division managed a 19% jump in incoming orders. 

Eighth place went to Unicarriers Corporation, which increased its net turnover by 4.8%. The company, which combines the Atlet, TCM and Unicarriers brands under one roof, once again experienced growth in the third year following its establishment. 

The Manitou Group, headquartered in Ancenis (France), reported an increase in its turnover for the second year in a row. Sales rose 3.3%, while profit was up 6.7%. Manitou, ranked ninth, claims to be the worldwide market leader in respect of all-terrain materials handling machines and manufactures five brands: Manitou, Gehl, Mustang, Loc and Edge. At the end of 2015, the Manitou Group established LMH Solutions, a wholly owned subsidiary specialising in warehousing technology. 

China’s Anhui Heli Co. was the only Chinese manufacturer in the top 10, but recorded significant losses after two years of growth. Its net turnover fell 15.3% in its local currency, but only 0.5% in Euros. The company sold 74,392 industrial trucks in 2015, compared to 82,783 in 2014. 

Asian manufacturers took the next five positions in the rankings: Clark Material Handling at number 11, Hangcha Group Company Ltd (12th), Komatsu Ltd. (13th), Doosan Corporation Industrial Vehicle (14th) and Hyundai Heavy Industries (15th).