Toyota number one again in forklifts


A leading material handling publication has once again named Toyota Industries Corporation (TICO) the global number one in material handling equipment.

TICO is the world's leading supplier of forklift trucks and the parent company of Toyota Material Handling Australia (TMHA).

American trade magazine Modern Materials Handling in its latest edition named TICO number one, based on its worldwide 2009 financial year forklift truck revenue of $US4.6 billion (about $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 $US 4.1 billion while Jungheinrich reached $US 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.

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