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Toyota retains No.1 ranking in forklifts


 
Modern Materials Handling has once again named Toyota Industries Corporation (TICO) the global number one in material handling equipment.
 
American trade magazine Modern Materials Handling in its August 2010 edition named TICO number one, based on its worldwide 2009 financial year forklift truck revenue of USD 4.6 billion (approximately AUD 5 billion).
 
Modern Materials Handling had previously named TICO worldwide number one in 2008, and said the top five had not changed in 2009.
 
The magazine's top five are: Toyota Industries Corp (Toyota and Raymond); Kion Group (Linde); Jungheinrich Lift Truck Corp; Crown Equipment Corp; and NACCO Industries (Hyster and Yale).
 
TICO's nearest rival Kion Group produced 2009 revenue of USD 4.1 billion while Jungheinrich reached USD 2.3 billion.
 
The magazine's top 20 list of annual forklift truck suppliers is based on worldwide revenue from powered industrial trucks during the company's most recent financial year.
 
To be eligible for the list, suppliers must manufacture and sell lift trucks in at least one of the Industrial Truck Association's seven forklift truck classes: electric motor rider, electric motor hand trucks, internal combustion engine, pneumatic tyre, electric and internal combustion engine tow tractors, and rough-terrain lift trucks.
 
TICO's material handling division - Toyota Material Handling Group (TMHG) - has five regional organisations covering Japan, China, North America, Europe and international.
 
It is the market leader in Japan and North America (and in Australia in counter-balance forklift trucks) with more than 20 per cent market share.
 
TMHA president Steve Harper said TICO's success was built on its investment in research and development.
 
"Toyota has developed the world's best manufacturing system, known as the Toyota Production System (TPS), he said.
 
Toyota has been exporting forklift trucks from Japan since 1958 and entered the Australian market 10 years later.
 
TMHA distributes the Toyota Industrial Equipment range of industrial equipment, along with the BT Lift Truck and Raymond Forklift ranges of warehouse equipment.

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