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 one of the biggest rental companies of fork lift trucks on the Chinese market.
Jungheinrich is one of the leading, global providers of intralogistics and has global expertise in the rental business. Heli is the biggest Chinese producer of fork lift trucks and has a huge sales and service network in China. Hans-Georg Frey, Chairman of the Board of Management at Jungheinrich AG, said: “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.”
Achieving growth targets
The joint venture covers Jungheinrich’s entire product range. In future, Heli will be responsible for leasing fork lift trucks in China. Thanks to the product range of both partners, the joint venture will become a full-range provider offering all kinds of products from simple hand pallet trucks right up to heavy-duty counterbalanced trucks. The network in China is to guarantee short response times. Rental periods offered will be 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,” said Dr. Lars Brzoska, Board of Management, in charge of sales at Jungheinrich AG.