Top of page. Skip to main contents. Skip to main menu. Skip to footer.

HOMENews ReleaseM-FET Raises Stake in Mitsubishi Nichiyu Forklift to 51% and Makes UniCarriers a Wholly Owned Group Company

Press Information

January 05, 2017 No.2037

M-FET Raises Stake in Mitsubishi Nichiyu Forklift to 51% and Makes UniCarriers a Wholly Owned Group Company
-- Moves Aimed at Accelerating PMI in Logistics Equipment and Enhancing Business Efficiency --

Tokyo, January 5, 2017 - Mitsubishi Heavy Industries Forklift, Engine & Turbocharger Holdings, Ltd. (M-FET) raised its stake in Mitsubishi Nichiyu Forklift Co., Ltd. to 51% on January 1. At the same time, it transferred its 65% stake in UniCarriers to Mitsubishi Nichiyu Forklift, making UniCarriers a wholly owned group company of Mitsubishi Nichiyu Forklift. These moves are intended to further improve business efficiency by accelerating post-merger integration (PMI) in the logistics equipment business, with a focus on forklift trucks. M-FET is wholly owned by Mitsubishi Heavy Industries, Ltd. (MHI).

The newly implemented measures will further strengthen M-FET's efforts to merge the operations of Mitsubishi Nichiyu Forklift and UniCarriers, creating synergies and reaping results at an early stage. Going forward, M-FET's seeks to fully merge the operations of the two companies by October 2017, with the goal of becoming the world's leading manufacturer of logistics equipment.

MHI established M-FET in March 2016 as an independently managed company. Its business areas include logistics systems, engines, power generators, co-generation systems, and turbochargers. Through integrated and flexible operations M-FET is striving to create synergies, streamline its organization, and break into new fields as a way to expand business scale and enhance earning capacity.

With the support of the wider MHI Group, M-FET will now pursue further PMI measures and will aim for greater competitiveness in the global market through the integration of logistics and energy system operations.

Go to the top of this page

FOLLOW US :

YouTube
Instagram
Feed

© MITSUBISHI HEAVY INDUSTRIES, LTD.