Archive for January 24th, 2010

Fierce competition in China\’s medium- and low-end forklift truck market (2005-4-21)

Compared with the advanced countries, China\'s forklift truck market has a huge potential. The forklift truck output of Japan topped 160,000 during its peak time. According to analysts, China\'s forklift truck output can reach 50,000 and even 70,000 or 80,000 in the coming two to five years. It is estimated that China\'s demand for forklift trucks will grow by 20% in the coming two years.The statistics show that Anhui Forklift has a market share of 44% in 2003, Hangzhou Forklift Truck Company 36%, Dalian Forlift Truck Company 7.4% and Linde (Xiamen) 4%. From the above figures, we can see that China domestic forklift trucks are competitive in medium-end market.Currently, the foreign enterprises control China\'s high-end forklift truck market. The market share of medium- and high-end forklift trucks occupy 36% of the total. Among the 36%, about a half of the forklift trucks are imported, so the wholly foreign owned enterprises and… Continue reading

Volvo aims for sharp rise in Chinese sales (2005-4-21)

Volvo aims for an almost seven-fold increase in annual sales in China. The Swedish unit of Ford Motor Co. also aims to double its share of the domestic market within the next five or six years.Volvo hopes its annual sales in China will reach 20,000 cars in the next five or six years.Ong Eng Seong, president of Volvo Car China, estimated annual sales of Premium cars in China will grow from 105,000 to 345,000 units over the period.(From yahoo.com) … Continue reading

China\’s steel output up 23.7 percent in 1st quarter (2005-4-11)

China\'s steel output climbed by 23.7% percent to 77.7 million tons in the first three months of this year, said an official here on Saturday.Jia Yinsong, deputy director of the economic operation bureau under the State Development and Reform Commission, said in the first three months, Chinese companies also produced 72.57 million tons of iron, up 27.3 percent, and 82.53 million tons of rolled steel, up 22.4 percent.The total steel production capacity might reach 322 million tons this year, nearly 50 million or 18.4 percent more than last year, said Jia.Although the steel sector still takes the lead in the whole secondary industry, steel and iron production is facing increasingly tough conditions as the prices of major raw materials are rising by a big margin and the supply of coal, electricity and fuel remain tight amid a lack of transportation capacity, he said.(From xinhuanet.com) … Continue reading

Komatsu eyes higher sales of forklifts (2005-4-11)

Driven by the steadily growing logistics businesses and manufacturing sector, the overall forklift market will expand by 21% to 2,800 units this year.Phornthep Phornprapha, president of Bangkok Motor Works Co, the authorised distributor of Komatsu forklifts in Thailand, said sales of Komatsu forklifts were targeted to reach 550 units this year, up from 453 units sold last year, raising its market share to 20% from 19% of the total 2,318 units sold last year.Komatsu forklifts became the second best-selling after Toyota\'s.Direct sales will be applied to reach out to more customers. The service team will also be sent on-site as an after-sales service, eliminating the need for the customers to bring the vehicles over for maintenance or repairs.Part of Siam Motors Group, Bangkok Motor Works offers 13 models of Komatsu forklifts, ranging from one tonne to 43 tonnes, to serve all market segments, with operators of logistics and factories being its… Continue reading

Fleetguard Receives Supplier of the Year Award from Volvo/Mack (2005-4-12)

Fleetguard Inc., the global filtration, exhaust, coolant and chemical specialist for diesel and gas powered equipment, has received the Partner Plus Award for 2004 from Volvo/Mack.The honor was given to Fleetguard, a business unit of Cummins Inc., at the Volvo/Mack UPTIME 2005 trade show in Las Vegas in late February, which was attended by more than 1,800 Volvo/Mack Parts and Service managers from North America. Three other key suppliers were recognized with the award along with Fleetguard."We are honored to have been chosen for this supplier achievement award because we worked very hard over the last year to solidify our relationship with Volvo/Mack," said Tom Veron, Directory of OEM Sales for Fleetguard. "We created a dedicated Fleetguard leadership team centered around this customer, which focused first and foremost on meeting the needs and exceeding the expectations of Volvo/Mack."As part of their service to Volvo/Mack, the Fleetguard leadership team developed dealer specific… Continue reading

Volvo Penta\’s Inboard Performance System wins 2005 Volvo Technology Award (2005-4-12)

Volvo Penta\'s Inboard Performance System (IPS), a revolutionary new drive system for boats, has been presented the 2005 Volvo Technology Award. The award is worth a total of SEk 200,000 and goes to the group of Volvo Penta and Volvo Powertrain engineers responsible for developing the IPS drive system. The IPS innovation is the largest breakthrough for the company since the Aquamatic stern-drive system was launched in 1959.The award will be handed out by Volvos CEO Leif Johansson in connection with the Annual General Meeting of AB Volvo on April 12. Volvo Penta\'s new inboard Performance System makes boats faster, stronger, quieter, cleaner and as easy to maneuver as a normal passenger car. It also creates more room onboard for living, for example. In simplified terms, the new system features propellers that are turned in the direction in which the boat is traveling. Volvo Penta has placed pull and counter-rotating propellers… Continue reading