TICO is the world’s leading supplier of forklift trucks by volume and the parent company of Toyota Material Handling Australia.
Toyota forklifts retain top ranking
Two of the world’s foremost material handling publications have ranked Toyota Industries Corporation (TICO) number one globally in material handling equipment.
German trade magazine Logistik Journal named TICO number one for the seventh consecutive year. Another German magazine, DNF, also named TICO number one.
TICO, the global leader since 2001, topped the 2008 ranking lists in Logistik Journal and DNF based on results for the fiscal year ended March 31, 2008.
In fact Toyota is a clear number one in terms of both annual turnover and market share. DNF magazine reported TICO’s world-wide market share in 2007/08 at 20.17 per cent. Its nearest rival, Kion Group (Linde), had 17.6 per cent market share.
TICO’s annual turnover was reported as more than 4.8 billion Euro (close to $AUD9.6 billion) for its global materials handling operations.
In addition to the German magazine rankings, TICO was number 31 in Fortune Magazine’s 2008 list of the world’s 50 most admired companies and number 479 in the 2008 Fortune Global 500 list for the world’s largest corporations.
TICO’s total net sales in fiscal year 2008 exceeded 12.3 billion Euro for its business divisions – automotive, logistics, textile machinery and ‘others’ – as well as material handling equipment.
The 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. It also leads the Australian market in counter-balance forklift trucks, with 32.7 per cent market share in 2008 (Australian Industrial Truck Association statistics).
The president of Toyota Material Handling Australia, Steve Harper, said TICO’s acquisitions in 2000 of BT and Raymond had made a major contribution to the corporation’s overall success in the 21st century.
"The number one ranking also reconfirms Toyota’s commitment to quality, safety, reliability and the environment, as evidenced by our forklifts and warehouse equipment," he said.
"TICO is the industry leader in its level of investment in research and development and it builds the machines using the world’s best manufacturing system, the Toyota Production System (TPS). Those are the keys to Toyota maintaining its industry-leading reputation for reliability, quality and safety."
Toyota exported its first forklifts from Japan in 1958 and sold its first forklift truck in Australia in 1968.
It has led the Australian counter-balance forklift market continuously for 22 years.
TMHA distributes the Toyota Industrial Equipment range of industrial equipment, along with the BT Lift Truck and Raymond Forklift ranges of warehouse equipment.