Jungheinrich and Heli Establish Joint Venture for Material Handling Equipment Rentals in China

PR62919

HEFEI, China and HAMBURG, Germany, Dec. 18, 2015 /PRNewswire=KYODO JBN/ --

- 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