TCM and Nissan stacking jointly in future

The corporations Nissan Motor Co., Ltd. and Hitachi Construction Machinery Co., Ltd. will combine their activities concerning ground level transportation in a joint venture. For this purpose they signed a memorandum of understanding with the public-private partnership Innovation Network Corporation of Japan (INCJ). The name of the new giant forklift enterprise is UniCarriers Corporation. It shall operate yet as of spring 2012.

INCJ will contribute a whole 30 billion Yen of growth capital to the merger, being equivalent to just under 300 million Euro. The majority of the voting shares of...