Toyota Industries Corp.\u00a0announced Friday that it is purchasing the forklift operations of Tailift Co., a Taiwanese maker of forklift and machine tools. The acquisition is aimed at increasing sales in\u00a0China\u00a0and other emerging markets, the Japanese machinery maker said in making the announcment.<\/p>\n
Under the deal, Tailift will spin off its forklift operations into a new firm and Toyota Industries\u00a0will acquire a 55 percent stake in the new firm for about 9 billion yen, which is about $83 million, according to the website 4-Traders<\/a>.<\/p>\n Before the deal becomes official, it needs to be reviewed by the Chinese and Tiawanese governments to make sure it does not violate either of the nations’ anti-monopoly laws.<\/p>\n Tailift’s forklift operations posted sales of about\u00a016 billion yen — or $147 million — in 2013. The firm has production bases in\u00a0Taiwan\u00a0and\u00a0China.<\/p>\n","protected":false},"excerpt":{"rendered":" Toyota Industries Corp.\u00a0announced Friday that it is purchasing the forklift operations of Tailift Co., a Taiwanese maker of forklift and machine tools. The acquisition is aimed at increasing sales in\u00a0China\u00a0and other emerging markets, the Japanese machinery maker said in making the announcment. Under the deal, Tailift will spin off its forklift operations into a new … Read more<\/a><\/p>\n","protected":false},"author":16,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,8,293],"tags":[6,1079],"class_list":["post-6854","post","type-post","status-publish","format-standard","hentry","category-forklifts","category-material-handling","category-news","tag-forklift","tag-material-handling"],"_links":{"self":[{"href":"https:\/\/www.bahrns.com\/blog\/wp-json\/wp\/v2\/posts\/6854","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bahrns.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bahrns.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bahrns.com\/blog\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahrns.com\/blog\/wp-json\/wp\/v2\/comments?post=6854"}],"version-history":[{"count":1,"href":"https:\/\/www.bahrns.com\/blog\/wp-json\/wp\/v2\/posts\/6854\/revisions"}],"predecessor-version":[{"id":12489,"href":"https:\/\/www.bahrns.com\/blog\/wp-json\/wp\/v2\/posts\/6854\/revisions\/12489"}],"wp:attachment":[{"href":"https:\/\/www.bahrns.com\/blog\/wp-json\/wp\/v2\/media?parent=6854"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahrns.com\/blog\/wp-json\/wp\/v2\/categories?post=6854"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahrns.com\/blog\/wp-json\/wp\/v2\/tags?post=6854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}