Anhui HELI Co. Ltd. and Jungheinrich AG have announced a joint venture for materials handling equipment rentals in the Chinese market.
HELI and Jungheinrich will each hold a 50% stake in the joint venture which has a registered capital of RMB200 million (USD30 million). The company will be headquartered in Shanghai and operations are scheduled to begin in the middle of 2016. The establishment of the joint venture is subject to the customary approvals.
The joint venture encompasses HELI’s and Jungheinrich’s entire product portfolios and will be exclusively responsible for materials 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 counterbalance trucks. The expansive network with nationwide coverage in China guarantees extremely short reaction times. The JV will offer flexible rental periods from one day to 60 months.
"The cooperation between us is based on steadily mutual trust, harmony, assistance, and synergy; based on shared vision, common principle, and goal; based on complementary advantages, resources sharing, and always insist on providing value added services,”says Zhang De Jin, Chairman of HELI.
"The joint venture will create the largest materials handling equipment rental company in the Chinese market, combining HELI’s expansive sales and service network in the country and Jungheinrich’s long-standing global expertise in the rental business. 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.
"The customer benefits from a significantly expanded product range,bespoke rental solutions and a strong and reliable service network,”says Dr.Lars Brzoska,member of the Board of Management in charge of sales at Jungheinrich AG.
The cooperation between HELI and Jungheinrich is committed to providing better services for the Chinese market and customers, but also will become a model of successful cooperation between China and Germany.