- Joint venture exclusively responsible for Jungheinrich's and Heli's material handling equipment rental business on the Chinese market
- Both partners own 50 per cent of the joint venture
- Jungheinrich's long standing global expertise in the rental business, Heli's densely spun network and the two partners' complete product portfolio make the joint venture the largest material handling equipment rental business in China
Jungheinrich AG and Anhui Heli Co. Ltd. (Heli) are establishing a joint venture for material handling equipment rentals on the Chinese market. Jungheinrich and Heli will each hold a 50 per cent stake in the joint venture. The registered capital amounts to 200 million RMB. The company will be headquartered in Shanghai. Operations are scheduled to begin in the middle of 2016. The establishment of the Joint Venture is still subject to the customary approvals.
The joint venture will create the largest material handling equipment rental company on the Chinese market. As one of the world's leading intralogistic solution providers, Jungheinrich possesses long-standing global expertise in the rental business. Heli, China's biggest material handling equipment supplier, owns the most expansive sales and service network in the country. The combination of the two partners creates a portfolio unrivaled by any other rental company. Says Hans-Georg Frey, Chairman of the Board of Management of Jungheinrich AG, "Jungheinrich has more expertise in material handling equipment rentals than any other player in the field of intralogistics. Paired with Heli's expansive sales network, we will create the largest rental company on the Chinese market as a result of the joint venture."
The joint venture encompasses Jungheinrich's and Heli's entire product portfolios and will be exclusively responsible for material handling equipment rentals in China going forward. The portfolio of the two partners will turn the joint venture into a full liner offering everything from simple hand pallet trucks to heavy-duty IC engine-powered counterbalanced trucks. The expansive network with nationwide coverage in China guarantees extremely short reaction times. Rental periods offered are flexible, ranging from one day to 60 months. "The customer benefits from a significantly expanded product range, bespoke rental solutions and a strong and reliable service network. This partnership is a major step for Jungheinrich en route to strengthening its position in China substantially and achieving its growth targets," says Dr. Lars Brzoska, member of the Board of Management in charge of sales at Jungheinrich AG.
Jungheinrich AG
Jungheinrich ranks among the world's leading companies in the material handling equipment, warehousing and material flow engineering sectors. The company is an intralogistics service and solution provider with manufacturing operations, which offers its customers a comprehensive range of forklift trucks, logistic systems, services and advice. Jungheinrich shares are traded on all German stock exchanges.
Anhui Heli Co. Ltd.
Anhui Heli Co. Ltd., a core holding subsidiary of Anhui Forklift Group, is one of the leading Chinese enterprises for large scale R&D, manufacturing and sales of indus-trial vehicles. The company has the most integrated industry chain and a vast sales network in China for providing customers with comprehensive, fast and effi-cient integrated services. Anhui Heli is the first industrial vehicles enterprise listed in the Shanghai Stock Exchange.
Please address press-related inquiries to:
Jungheinrich AG, Dr. Alexander de Grahl, Head of Corporate Communications
Phone: +49-40-6948-1296, Fax: 040 6948-1599,
alexander.degrahl@jungheinrich.de
http://www.jungheinrich.com
Source: Jungheinrich AG
PRNewswire
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