TCM FORKLIFT LOOKING TO EXPAND PRESENCE IN MALAYSIA

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Shah Alam, Sept 20 (Bernama) -- TCM Forklift (M) Sdn Bhd is looking to

invest another RM4 million over the next three years for its capital

requirements and expansion plan.

TCM Forklift is a new joint venture structure started in April between TCM

Corp (70 per cent), wholly-owned by Hitachi Construction Machinery Corp, and

Megdale Industry (30 per cent) for business in Malaysia.

Its president Shuichi Yoshida said the investment is for the five new

branches that would be developed across Malaysia over the next three years.

"Currently, we have two branches in Johor Bharu and Penang. We are looking

to add five more in strategic areas like Kuantan, Ipoh, Sibu, Miri

and Tawau.

"We saw the market potential here and went into this new partnership in

Malaysia, no longer just a distributor, but embarking on a pioneer move to

directly interact with our end users in the country," he told a TCM Forklift

press conference here, today.

The joint venture is TCM''s pioneer strategic move, the first of its kind

outside Japan. Previously, Scott and English was it''s distributor in Malaysia

for over 22 years.

The joint venture has been set up with an initial investment of RM4 million.

TCM Forklift also aims to increase its market by 15 per cent over the next

five years from five per cent currently.

"We aim to provide better after-sales services to our customers. The

completion of our new branches in the next three years would also help us to

achieve the target," Shuichi said.

-- BERNAMA

ZER AS

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