Nuts & Bolts
Acquisitions, expansions & other business news
Hyster receives grant for Fuel Cell Powered Container Handler for Port of Los Angeles Hyster Company has announced the receipt of a grant from California Climate Investments (CCI) to support the development of a zeroemissions container handling truck powered by a Nuvera® fuel cell. The funding, awarded by the California Air Resources Board (CARB), part of CCI, the state of California’s climate change-fighting, capand-trade program, aims to help Hyster and its partners develop a zero-emissions container handler for an end-user in the Port of Los Angeles. To receive the award, recipients must meet defined business practices and overall rigorous performance measurement standards. The Hyster® electric laden container handler entering development is intended to be powered by a Nuvera® fuel cell combined with a lithium-ion battery. www.hyster.com
MH Equipment announces territory acquisition from YMH Torrance Equipment MH Equipment, based in Peoria, Ill., announced on September 1, 2018, that it has assumed responsibility for Yale brand forklifts in the Iowa and northwestern parts of Illinois from Cedar Rapids, Iowa based Torrance Equipment. The acquisition makes MH Equipment Hyster-Yale Group, Inc.'s dual brand dealership representing both the Hyster and Yale brands in the Cedar Rapids, Des Moines, Dubuque, Mason City, and Quad Cities markets. With this transaction, MH is buying all assets of Torrance and will become the Yale dealer for the territory. Joining MH Equipment will be more than 90 employees of Torrance including almost 50 technicians. www.mhequipment.com 36
www.MHWmag.com
November 2018
Tesla meets with RUAN during tour with electric truck Last month, representatives from Tesla Motors visited with Ruan team members and several customers for a viewing of the new, wholly electrically powered tractor-trailer. Ruan has reserved five of the trucks. Prototypes of the semi have been traveling the country, making stops with key companies that have invested in the all-electric semis. The price per vehicle will be approximately $180,000. Most diesel-powered tractors cost around $100,000, but Tesla predicts that the electric vehicle will pay for itself within two years due to savings in aerodynamics, reliability, and fuel. www.ruan.com
Toyota Material Handling NA accepting research proposals to advance NextGeneration Industry technology Toyota Material Handling North America (TMHNA) announced it has begun accepting applications for the third annual TMHNA University Research Program, a sponsored research program created to drive and advance the next generation of material handling industry technology. The program is accepting proposals via its website, www. UniversityResearchProgram.com, now through Dec. 15, 2018. The TMHNA University Research Program's mission encourages and supports professors and researchers who apply their engineering and technical field knowledge to discover innovative solutions in the material handling industry. Research proposals from full-time professors or researchers at North American universities will be evaluated for their impact on the future of the industry, as well as the planning and feasibility of the timeline and budget. Professors or researchers with selected proposals will be notified in April 2019. www.universityresearchprogram.com
