Seegrid Announces New Self-Driving Vision Guided Vehicle for Materials Handling

Seegrid, the leader in connected self-driving vehicles for materials handling, has expanded the company’s suite of automated solutions with the announcement of the GP8 Series 6 self-driving pallet truck. Further enhancing the Seegrid Smart Platform, which combines flexible and reliable infrastructure-free vision guided vehicles with fleet management and enterprise intelligence data, the GP8 Series 6 offers fully automated material movement to execute hands-free load exchange from pick-up to drop-off.

“The GP8 Series 6 closes the automation loop by providing an end-to-end solution, removing the need for human assistance to complete tasks,” said Jeff Christensen, vice president of product with Seegrid. “In manufacturing and e-commerce environments, every human touch is costly and unpredictable. As we help our customers develop smart factories of the future, safety, efficiency, and operating costs will continue to be the driving forces behind the adoption of automation. The process of loading and unloading pallets independently creates safer working conditions, allowing for more consistent throughput, and producing a rapid return on investment for our customers.”

In the automotive industry, Seegrid self-driving vehicles are used for consistent delivery of parts to the line. The Series 6 self-driving pallet truck picks up and drops off palletized car parts without human interaction, increasing productivity amidst labor shortages for automakers. In e-commerce, the Series 6 enables fully autonomous delivery of goods to keep up with fulfillment industry growth and demand.

Operating without wires, lasers, magnets, or tape, the Seegrid GP8 Series 6 allows manufacturers and distributors to change routes in-house, operate in manual mode, and effortlessly scale their fleet as they grow. As part of the Seegrid Smart Platform, the Series 6 is aligned with Industry 4.0 and lean initiatives, helping companies transform into smart factories of the future.

For additional information on Seegrid’s connected materials handling solutions and the new GP8 Series 6, please visit seegrid.com.

Crown extends QuickPick® Remote order picking technology to other applications

Crown has extended its well-established, multi-award-winning QuickPick® Remote order picking technology to cover an even broader range of applications. From now on, the system is also available for the lifting-fork and scissors-lift models in the GPC 3000 Series, the multi-purpose order pickers in the MPC 3000 Series, and the TC 3000 Series of tow tractors.        

Crown QuickPick Remote                                         

“With our QuickPick Remote technology, Crown has developed a solution for enhancing safety and efficiency that includes stand-out ergonomics and delivers real-world benefits plus genuine added value in multiple applications. The system has clearly demonstrated how well it performs in practice over millions of hours of operation for a variety of customers. By continuing to develop the system’s performance parameters, we’ve now been able to extend this technology to other applications. This means we can continue to improve the quality of work in warehouses and help enhance productivity even further,” explains Gary Thurner, Product Marketing Manager at Crown.

Less walking, less bending, less lifting – QuickPick Remote combines technology, workflow efficiency and human activity in a natural, systematic process. Using a special working glove with integrated remote control, operators can move their trucks from one picking location to another without constantly climbing on and off the driver’s platform. Alternatively, customers can choose a transceiver strap or trigger instead of the glove. In practice, this proven concept increases productivity by enabling operators to do more while moving less – without compromising safety. Martijn Vogelzang, project manager at Jumbo Supermarkten declared, “QuickPick Remote resulted in a 7.5 per cent productivity improvement at the Jumbo Supermarkten distribution hub.”

QuickPick Remote is a genuinely unique innovation that streamlines working processes, creating a win-win situation for fleet managers and their hardworking operators. The system is easy to set up, requiring neither network bandwidth nor additional IT expenditure – it can be incorporated directly into customers’ warehouse environments as a cost-effective, self-sufficient solution. As QuickPick Remote is a dual-mode solution, customers can still operate the trucks manually when needed.

These are some of the new areas of application for Crown’s tried and trusted QuickPick Remote technology:

  • GPC order pickers with fork or scissors lifts can be used to raise picking pallets to various optimal working heights. The variant with lifting forks can lift a pallet weighing up to 1,200 kg to a height of 960 mm, while the rugged scissor-lift model is capable of simultaneously lifting two pallets weighing 1,000 kg each to a height of 850 mm. This optimised positioning offers clear benefits in terms of ergonomics and productivity, reducing the risk of damage to products and enabling consistently high picking performance that can now be further enhanced by taking advantage of QuickPick Remote technology.
  • The Crown MPC 3000 Series combines the advantages of an order picker with the capabilities of a counterbalanced forklift truck. With travel speeds of up to 12.5 km/h, a lifting capacity of up to 1,200 kg and lifting heights of up to 4.3 metres, these trucks are flexible enough to be used in a wide variety of warehouse applications, including order picking, put-aways and replenishment, long-distance transport and sandwich stacking. When used for order picking, they are versatile enough for operators to be able to replenish empty pick slots without changing to another vehicle.
  • Tow tractors in Crown’s TC 3000 Series are the perfect solution for high-pressure transport and supply activities in production environments, warehouses, and distribution hubs. Combined with QuickPick Remote, they can save significant time in order picking or production supply logistics while helping operators to stay relaxed and alert.

Crown first introduced its QuickPick Remote technology in 2014, initially for low-level order picking. By early 2015, the company was offering an upgraded variant capable of controlling the lift and lower functions in Crown’s ES 4000and ET 4000 Series stackers. Since QuickPick Remote was first launched, industry commentators have regularly acknowledged the highly innovative thinking behind the remote-control system, as well as its exceptional efficiency. The technology has received coveted international awards, including the IFOY Award (International Forklift Truck of the Year), International Design Excellence Award (IDEA), iF Design Award and German Design Award. Since 1962, prestigious international design institutions and associations have granted more than 100 awards to forklift trucks manufactured by Crown.

Source: Crown

Con-Cast Pipe Inc. Fined $70,000 After Young Worker Injured by Steel Pallet

 

GUELPH, ON – Con-Cast Pipe Inc. pleaded guilty and was fined $70,000 after a 1,100-pound steel pallet fell on a young worker, causing critical injuries.

The incident took place on August 18, 2015, in the yard of the company’s facility located at 299 Brock Road South in Guelph, where a number of concrete boxes sat in a row. A steel pallet was attached to each concrete box so that the steel pallet was oriented vertically. Each steel pallet was to be separated from each concrete box. The pallet would then be lowered to the ground and removed from the area with the use of a forklift.

The company procedure was for a worker to loosen the steel pallets from the concrete boxes using a scraper/chisel and a sledgehammer. After the pallets were loosened, a forklift would insert its forks into the box and the loosened pallet would be nudged onto the forks and lowered to the ground.

On the day of the incident, the worker had loosened the pallets on a number of concrete boxes. A forklift driver was assisting with the final separation of the pallets from the concrete boxes; the worker and the forklift driver were working their way down the row of concrete boxes with loosened pallets.

During the separation of one of the remaining pallets, the worker was standing in front of the next concrete box in line when its corresponding steel pallet began to fall on its own. The steel pallet caught the worker’s leg, pinning the worker to the ground. The driver used the fork lift to lift the pallet from the worker and coworkers attended to provide first aid before emergency services arrived. The worker suffered critical injuries.

The Ministry of Labour’s investigation revealed that the employer failed to take the reasonable precaution of spacing the concrete boxes adequately apart before workers commenced removal of the steel pallets, and that the employer had failed to take the reasonable precaution of completely removing each steel pallet from its concrete box before moving on to loosening adjacent boxes.

Con-Cast Pipe Inc. pleaded guilty to failing as an employer to take every precaution reasonable in the circumstances for the protection of a worker, contrary to section 25(2)(h) of the Occupational Health and Safety Act.

This is the second time Con-Cast Pipe Inc. has been convicted of a violation of the OHSA. In 2010, the company was convicted under the same section of the OHSA and was fined $55,000.

Justice of the Peace Bruce Philips passed sentence in Guelph court on August 9, 2017, and imposed a fine of $70,000. The court also imposed a 25-per-cent victim fine surcharge as required by the Provincial Offences Act. The surcharge is credited to a special provincial government fund to assist victims of crime.

 

Yale unveils new brand partnership with MotoGP

Yale® is excited to announce its appointment as the designated Forklift Supplier to MotoGP™, the FIM MotoGP World Championship. In partnership with local dealers, Yale will supply forklift trucks for six European editions of the 2017 Championship. MotoGP™, long recognised as the pinnacle of motorcycle racing, shares the same innovative, dynamic and technology driven values as Yale.

MotoGP™ is a leading global sport and entertainment brand with huge international appeal. The 2017 series features 86 competing riders from 18 different countries, and reaches 369 million TV viewers and 18 million social media followers. By associating with MotoGP™, Yale aims to take its own technology-led and forward-looking brand to new audiences, and to engage with other suppliers and partners of the Championship.

With MotoGP™ events being held at premier race circuits across the globe, the Championship’s organisers, Dorna, require a variety of lift trucks with lifting capacities from 2.5 tonnes to 8 tonnes. These lift trucks are needed for both set up of the event and its subsequent dismantling, as well as supporting operations in the paddock and hospitality areas of the venue. This involves carrying loads such as tyres, engines, fuel, merchandise, food and drink. Yale will be providing its services and short-term rental trucks to the following races:

  • Czech Republic (6 August)
  • Austria (13 August)
  • UK (27 August)
  • San Marino (10 September)
  • Aragon (24 September)
  • Valencia (12 November)

Pau Serracanta, Managing Director of Dorna Sports said, “We are very excited to have Yale on board as our forklift partner. Yale shares similar passions and values that fit in with the excitement and creativity that we have on display at our events. Logistics is an essential part in what keeps the MotoGP™ Championship running smoothly around the globe. We hope that this collaboration can be the beginning of a long and productive relationship between the two brands.”

Harry Sands, Managing Director of Yale EMEA said, “When we were looking for a brand partner, MotoGP™ stood out as the obvious choice due to our shared principles and characteristics such as agility, high performance and innovative thinking. We feel that the values held by MotoGP™ align perfectly with what Yale stands for, and we look forward to displaying these attributes in the exciting and forward-thinking environment that MotoGP™ provides.”

Yale is one of the longest established, original manufacturers of lift trucks and warehouse equipment in the world, having been in the business of lifting for over 140 years. Yale has a comprehensive range of electric and engine powered materials handling equipment offered in the market, including Yale innovative and versatile AC-technology trucks designed to optimise productivity in customer applications. Such respected heritage and commitment to innovation make Yale and MotoGP™ideal partners.

The Yale dealer network has over 600 dealers worldwide that are attracted by the unique blend of Yale product excellence and customer commitment, qualities that set Yale apart as it continues to lead the way in the materials handling industry.

For further information on the range of materials handling equipment from Yale visit www.yale.com. For more information on Dorna and MotoGP™ visit www.motogp.com.

HELI launches new heavy-duty electric forklift

HELI forklift China

Recently HELI has launched a new heavy-duty electric forklift into the market with a loading capacity of 10 tons. This new battery powered counterbalanced forklift truck ensures that companies with loading needs of up to 10 tons get an eco-friendly and noiseless solution with features that significantly reduce the running costs by improving safety and environmental performance.

The new 10T electric forklift provides optimal safety, are environmentally friendly, efficient, ergonomically designed and suited for many different lifting applications from general manufacturing, logistics and warehousing to many more outdoor uses.

“As HELI, the famous manufacturer of heavy-duty forklift trucks, we have decades-long experiences. The result is that we applied our skills to develop electric trucks with performance matching the current powerful diesel trucks, but much quieter, completely free from emissions and lower vibrations. Like all current HELI trucks, they come with excellent value through safety, productivity and performance” said Zhang Jie, design engineer for HELI electric forklift trucks.

Key features:
Modern appearance and excellent vision
The vehicle adopts a new streamlined design, the appearance becomes smoother and more beautiful, super-low center of gravity offers the driver with an excellent rear vision field.

High stability
By optimising the quality distribution of the whole vehicle, the load capacity of the mast is better than diesel trucks with the same tonnage. The machine comes with larger tyres for increased traction on muddy and uneven terrain. The counterweight has been lowered for excellent stability and heavy loading capability of mast assembly.

High efficiency and comfort
The compact frame design makes the vehicle much more flexible, while moving freely even in a small space. Full hydraulic synchronous steering system and automatic parking function ensure quick and trouble-free daily operation. Equipped with full suspension seat assembly, the driver feels more comfortable and the use of silent gear pump significantly reduces the noise.

Convenient maintenance
The two groups of batteries are arranged on both sides, which is easily to be replaced directly from each side. Simultaneous charging of both batteries. Comes with automatic water-in system and maintenance-free wet braking as standard equipment. The reversal of the cooling fan removes dust and it is free of maintenance.

Active safety
The circulating cooling system based on multi-point temperature intelligent control ensures correct temperature for each component at the best point. Installation of OPS system and intelligent speed-limiter enhances the general security. Active braking and implementing the parking brake after parking when the truck is out of order. It can decelerate the speed to park and stop actively.

Energy-saving
Energy-saving type hydraulic system. Power recovery has priority.

Previously, the maximum capacity of HELI electric forklift trucks was 5 ton, but with the launch of new 10T electric forklifts, the loading capacity doubled. This is a perfect new optional choice for all companies demanding heavy-duty, safe, environmental and effective handling of the goods.

Source: HELI

MCFA, JUNGHEINRICH CELEBRATE GRAND OPENING OF INDUSTRIAL COMPONENTS OF TEXAS

ICOTEX

On Tuesday, Aug. 1, Mitsubishi Caterpillar Forklift America Inc. (MCFA), the provider of Jungheinrich® lift trucks and narrow aisle products in the United States, Canada and Mexico, and Jungheinrich® Lift Truck Corp., celebrated the successful grand opening of a new joint venture, Industrial Components of Texas, LLC (ICOTEX®). Located at 3479 Pollok Dr. in Conroe, Texas, ICOTEX’s new 71,000-square-foot facility will manufacture industrial components.

Nearly 200 attendees joined the grand opening celebration, including executives from Mitsubishi Nichiyu Forklift Co. Ltd., MCFA and Jungheinrich AG, as well as ICOTEX employees, town officials and other key colleagues and supporters. The event included a ribbon-cutting ceremony and facility tours, showcasing ICOTEX’s new state-of-the-art equipment used in the manufacturing process. The factory’s capabilities include plasma cutting, bending, machining, welding, powder coating and more.

ICOTEX is projected to employ approximately 80 people in the future, including manufacturing and office personnel. The facility will produce forklift components, which will be supplied to MCFA for use in MCFA’s Houston manufacturing plant.

“The inauguration of our new ICOTEX facility is a significant milestone for both MCFA and Jungheinrich,” said Reinhild Kuehne, president of ICOTEX. “Both businesses have a long history of continuous improvement and customer focus along with a strong business relationship. This new facility will allow us to continue to deliver high-quality components while improving forklift manufacturing lead times for our customers.”

The benefit is an uninterrupted supply of forklift components, and therefore faster production and delivery of forklifts built on MCFA’s Houston campus, just 50 miles from ICOTEX’s factory in Conroe.

Jungheinrich celebrates largest lithium-ion industrial truck deal to date

  • Intralogistics provider receives order for over 1,000 vertical order pickers equipped with lithium-ion batteries • Delivery destinations: Great Britain, France, Italy and Germany
  • Lithium-ion technology strengthens trend towards electric drives

Jungheinrich has received a major order for more than 1,000 lithium-ion vehicles. This is the largest order ever awarded for vehicles fitted with lithium-ion batteries anywhere in the world. For the intralogistics providers at Jungheinrich, it is the largest vehicle order volume in the company’s roughly 65-year history.

The internationally active key account, who for the time being shall remain anonymous, will employ the vehicles over the coming months in warehouses and shipping centres in Great Britain, France, Italy and Germany. More than 700 of the 1,000+ industrial trucks will consist of vertical order pickers designed for use in narrow aisle warehouses.

“Jungheinrich is the undisputed No. 1 for industrial trucks fitted with lithium-ion batteries,” reports Dr Lars Brzoska, Member of the Jungheinrich Board of Management in charge of Marketing & Sales. “This order sets a new milestone for electro-mobility. And it underscores Jungheinrich’s unrivalled mastery of lithium-ion technology.”

Jungheinrich is currently the world’s only manufacturer of industrial trucks to produce its own lithium-ion batteries. In comparison with conventional lead-acid batteries, lithium-ion technology results in a substantial increase in performance. Produced at the Jungheinrich plant in Norderstedt, Germany, the batteries are intelligent and can communicate with the vehicle as well as the charging device. Over the past three years, Jungheinrich has experienced an annual 300% increase in sales of its lithium-ion batteries. Based on continued strong global demand for this product, the Group is planning to considerably expand its manufacturing capacity.

“Currently no other intralogistics brand has more lithium-ion vehicles in operation than Jungheinrich,” explains Brzoska. “We are the technology leader in the field and are setting worldwide standards. Jungheinrich is the world’s only ‘one-stop shop’ for complete systems – from the charging device and the battery to the actual lithium-ion vehicle. The high-performance standards of lithium-ion batteries mean it will be possible to electrify application fields that are currently dominated by IC powered engines.”  

Apart from high performance, the advantages of lithium-ion technology include faster charging times, zero maintenance and a particularly long product life. The fast and short interim charging times enable the virtually continuous operation of fleets on a 24/7 basis. And time-consuming battery changes are a thing of the past with lithium-ion batteries. Customers can now dispense with spare batteries as well as battery changing equipment. And since neither gases nor acid are emitted by lithium-ion batteries, special charging stations equipped with expensive exhaust systems are no longer necessary.

KION Group maintains profitable growth in the second quarter of 2017

  • The KION Group continues its strong growth, both organically and as a result of the Dematic acquisition
  • Rise in the value of order intake to EUR1.971 billion in the second quarter of 2017 (up by 38.1 percent)
  • Significant growth in revenue to EUR2.016 billion (up by 50.0 percent)
  • Adjusted EBIT margin improves to 10.6 percent
  • Net income increases to EUR108.2 million (up by 69.1 percent)
  • Strong free cash flow of EUR100.6 million in the first half of the year
  • Outlook for 2017 confirmed

Having seen strong momentum in the first quarter of 2017, the KION Group continued to grow profitably in the period April to June. In the second quarter of 2017, the total value of order intake rose by 38.1 percent to EUR1.971 billion following last year’s acquisition of Dematic, a specialist in automation and supply chain optimization. At EUR2.196 billion, the order book was at the high level reported at the end of 2016 (EUR2.245 billion). The period April to June 2017 saw substantial year-on-year revenue growth of 50.0 percent to EUR2.016 billion. Adjusted earnings before interest and tax (EBIT) went up by 52.2 percent to EUR214.2 million. The KION Group thus improved on the strong adjusted EBIT margin of 10.5 percent achieved in the second quarter of last year to reach 10.6 percent.

Second-quarter net income rose to EUR108.2 million, an increase of 69.1 percent. Earnings per share for the period amounted to EUR0.95. Driven by its good operating performance, the Group generated a strong free cash flow of EUR100.6 million in the period January to June (Q2 2017: EUR36.1 million).

Looking at the first half of 2017, the total value of order intake grew by 41.4 percent to EUR3.852 billion, while revenue for the first six months of the year improved by 49.3 percent to EUR3.828 billion. In the period January to June, adjusted EBIT increased by 53.4 percent to EUR367.1 million and net income was up by 54.8 percent to EUR150.3 million.

“Our two main segments – Industrial Trucks & Services and Supply Chain Solutions – continue to see strong market momentum, and we are fully participating in this growth,” said Gordon Riske, Chief Executive Officer of the KION Group, at a presentation of results. “The global market for trucks and warehouse technology also developed very well in the second quarter. As before, the rapid expansion of e-commerce and the increasing penetration of Industry 4.0 technologies are driving the warehouse systems and automation solutions businesses.”

The global market for forklift trucks and warehouse technology recorded further growth in the second quarter of 2017. New truck orders were up by 15.5 percent in the second quarter of 2016, reaching around 343,600 trucks. This rise was driven primarily by strong increases in China and the sustained momentum in Europe.

Segment performance in detail

The Industrial Trucks & Services segment (forklift trucks, warehouse technology, and related services) reported order intake, measured in terms of units, of approximately 52,500 trucks in the second quarter of 2017, a year-on-year improvement of 15.3 percent and the highest number of orders ever registered in a single quarter. In the first six months, the segment’s order intake was up by 14.9 percent to 102,400 units. The total value of order intake grew by 9.9 percent to EUR1.514 billion in the second quarter and by 11.1 percent to EUR2.928 billion in the first half of the year. Revenue rose by 8.0 percent year on year to EUR1.417 billion in the second quarter (H1 2017: EUR2.740 billion, up by 9.2 percent), with the new truck business making a particularly strong contribution to this increase. The main revenue growth drivers were again electric forklift trucks and warehouse trucks. At EUR166.7 million, adjusted EBIT surpassed the figure for the prior-year quarter by 6.9 percent (H1 2017: EUR295.8 million, up by 10.4 percent). The adjusted EBIT margin remained stable at 11.8 percent in the second quarter (Q2 2016: 11.9 percent).

The Supply Chain Solutions segment has only included Dematic since November 2016 and the total value of its order intake was EUR452.3 million in the second quarter of 2017, compared with EUR44.7 million in the corresponding period of last year. This segment’s order intake for the first six months was EUR913.6 million, up from EUR79.8 million in the first half of 2016. It posted revenue of EUR596.0 million for the second quarter of 2017 in comparison with EUR27.8 million a year earlier (H1 2017: EUR1.079 billion; H1 2016: EUR47.6 million). In the period April to June 2017, adjusted EBIT stood at EUR61.4 million, compared with an operating loss of EUR1.7 million in the second quarter of last year (H1 2017: EUR95.5 million; H1 2016: operating loss of EUR2.5 million). The adjusted EBIT margin reached a strong 10.3 percent in the second quarter of 2017.

Segment performance in detail

The Industrial Trucks & Services segment (forklift trucks, warehouse technology, and related services) reported order intake, measured in terms of units, of approximately 52,500 trucks in the second quarter of 2017, a year-on-year improvement of 15.3 percent and the highest number of orders ever registered in a single quarter. In the first six months, the segment’s order intake was up by 14.9 percent to 102,400 units. The total value of order intake grew by 9.9 percent to EUR1.514 billion in the second quarter and by 11.1 percent to EUR2.928 billion in the first half of the year. Revenue rose by 8.0 percent year on year to EUR1.417 billion in the second quarter (H1 2017: EUR2.740 billion, up by 9.2 percent), with the new truck business making a particularly strong contribution to this increase. The main revenue growth drivers were again electric forklift trucks and warehouse trucks. At EUR166.7 million, adjusted EBIT surpassed the figure for the prior-year quarter by 6.9 percent (H1 2017: EUR295.8 million, up by 10.4 percent). The adjusted EBIT margin remained stable at 11.8 percent in the second quarter (Q2 2016: 11.9 percent).

The Supply Chain Solutions segment has only included Dematic since November 2016 and the total value of its order intake was EUR452.3 million in the second quarter of 2017, compared with EUR44.7 million in the corresponding period of last year. This segment’s order intake for the first six months was EUR913.6 million, up from EUR79.8 million in the first half of 2016. It posted revenue of EUR596.0 million for the second quarter of 2017 in comparison with EUR27.8 million a year earlier (H1 2017: EUR1.079 billion; H1 2016: EUR47.6 million). In the period April to June 2017, adjusted EBIT stood at EUR61.4 million, compared with an operating loss of EUR1.7 million in the second quarter of last year (H1 2017: EUR95.5 million; H1 2016: operating loss of EUR2.5 million). The adjusted EBIT margin reached a strong 10.3 percent in the second quarter of 2017.

Successful capital increase

In May, KION GROUP AG carried out a successful capital increase, placing all 9,300,000 new shares with institutional investors at a price of EUR64.83 each. The resulting gross proceeds amounted to approximately EUR603 million, which has been used to partly refinance the acquisition of Dematic.

Outlook

Given its good business and earnings performance in the first half of 2017, which was in line with expectations, the KION Group confirms the outlook for 2017 as a whole that was published in the 2016 combined management report.

In 2017, the KION Group aims to build on its successful performance in 2016 and, based on the forecasts for market growth, achieve further increases in order intake, revenue, and adjusted EBIT.

The order intake of the KION Group is expected to be between EUR7.800 billion and EUR8.250 billion. The target figure for consolidated revenue is in the range of EUR7.500 billion to EUR7.950 billion. The target range for adjusted EBIT is EUR740 million to EUR800 million. The adjusted EBIT margin is predicted to increase above the margin of 9.6 percent that was generated in 2016. Free cash flow is expected to be in a range between EUR370 million and EUR430 million. The target figure for ROCE is in the range of 9.5 percent to 10.5 percent.

Order intake in the Industrial Trucks & Services segment is expected to be between EUR5.450 billion and EUR5.600 billion. The target figure for revenue is in the range of EUR5.300 billion to EUR5.450 billion. The target range for adjusted EBIT is EUR605 million to EUR630 million. The adjusted EBIT margin is predicted to increase slightly above the margin of 11.3 percent achieved in 2016.

Order intake in the Supply Chain Solutions segment is expected to be between EUR2.350 billion and EUR2.650 billion. The target figure for revenue is in the range of EUR2.200 billion to EUR2.500 billion. The target range for adjusted EBIT is EUR195 million to EUR230 million. The adjusted EBIT margin is predicted to increase significantly above the margin of 1.6 percent that was generated in 2016.

The outlook is based on the assumption that material prices will hold steady and the current exchange rate environment will remain as it is. Actual business performance may deviate from the forecasts due, among other factors, to the opportunities and risks described in the 2016 group annual report. Performance particularly depends on macroeconomic and industry-specific conditions and may be negatively affected by increasing uncertainty or a worsening of the economic and political situation.

Source: kiongroup.com/mediasite

Mitsubishi Caterpillar Forklift America Inc. Deploys Tavant Warranty System

MCFA deploys Tavant Warranty to handle warranty claims & related aftermarket business processes

Tavant, a leading provider of aftermarket solutions for manufacturing industries, announced today that Mitsubishi Caterpillar Forklift America Inc. (MCFA) has deployed Tavant Warranty solution as the company’s sole application for handling warranty claims and related aftermarket business processes. Tavant’s warranty chain management solution is designed to help MCFA enhance its service quality and operational efficiency in the processing and tracking of warranty claims.

Tavant Warranty is built on a dynamic business rules engine that helps automate and self-check claims during processing. Upon deployment, the system immediately begins to reduce lead times and accelerate throughput rates. The system enables an integrated workflow in which all the stakeholders can collaborate toward a common objective to eliminate errors, reduce warranty spend, improve product quality, and enhance end-customer satisfaction.

“Quality of our products is of the highest priority at MCFA. How well we handle the warranty claim process and how quickly we identify quality concerns, amongst other aftermarket services, has a substantial impact to our business. In today’s technology-driven business environment, efficiency in the back office can be a competitive advantage – and a requirement for ensuring the highest level of customer satisfaction. We chose to reinvent our internal warranty process to realize greater transparency and higher efficiency,” said David Christian, Sr. Manager of Dealer Support for MCFA.

“And because the warranty is an extremely complicated process, with hundreds of system components to track, and many IT interdependencies, we chose to work with Tavant because of their knowledge of the manufacturing sector and their in-depth experience in the development and deployment of complex enterprise systems,” continued Christian.

Commenting on the company’s growing warranty management practice, Sarvesh Mahesh, CEO of Tavant, said, “Our warranty management product grew out of our extensive work with many manufacturers across the globe. The warranty process was one of the greatest pain points across all our clients, so we began to develop a standalone system around this issue based on solving core universal roadblocks in claims processing. The result is that Tavant is now the only company in the world offering a warranty-focused system that is available both on premise and on the cloud. Working with an industry-leader such as Mitsubishi Caterpillar Forklift America for handling the aftermarket business is a rewarding validation of the robustness of our newest manufacturing product—and of its clear value-add to manufacturing operations.”

Plug Power Announces Expanded Collaboration with Walmart

Continued growth expected in Walmart’s use of Plug Power hydrogen fuel cells in its distribution center material handling fleet. Walmart granted right to purchase Plug Power equity, vesting based on future business.

Plug Power Inc., a leader in providing energy solutions that change the way the world moves, has announced a new collaborative agreement with Walmart to facilitate further expansion of its ongoing relationship with Wal-Mart Stores, Inc.  The new agreement includes revised deal terms with Walmart that allow Plug Power to access project financing at a lower cost of capital and no restricted cash, making Plug Power’s future distribution transactions with Walmart cash flow positive up front.  Plug Power expects to provide its GenKey hydrogen fueling station and fuel cell energy solutions to up to 30 additional Walmart sites in North America over the next three years, with ten sites already under contract and scheduled to be finished by the end of 2017. The value of these 2017 commitments is expected to be around $80 million. On average, Plug Power has deployed a new Walmart site every 6 weeks since 2014, resulting in a deployed fleet of 5500 Plug Power fuel cells at 22 of Walmart’s U.S. distribution centers as of the end of 2016.

“Our expanding relationship with Walmart validates Plug Power’s advanced capabilities in fuel cell products and systems, allowing the world’s largest retailer to maintain its leading position as an industry innovator,” said Andy Marsh, CEO of Plug Power. “Walmart’s long-term supply agreement is a great example of our strategy in action, as it enables us to improve both our revenue visibility and cost structure, all while allowing our customers to experience improved productivity and operational cost savings. We see a growing market opportunity for our power and fueling station technologies within the material handling segment, as well as new mobility applications worldwide, positioning us for long-term success and shareholder value creation.”

As part of the agreement, and as an incentive to align Walmart’s future business with Plug Power’s growth and success, Plug Power has granted Walmart warrants to acquire up to 55,286,696 of Plug Power’s common shares.  Warrants for the first 5,819,652 shares vested upon execution of the new program agreements at an exercise price of $2.1231 per share, which is based on the volume weighted average closing price of Plug Power common shares for the thirty trading days ending July 19, 2017.  Additional warrants will vest in installments tied to successive $50 million payment thresholds, up to a total of $600 million in the aggregate, made by Walmart in connection with qualified purchases of goods and services from Plug Power.  The exercise price for warrants vesting after the first 34,917,912 warrant shares will be based on the volume weighted average closing price at the time that such warrants vest. The details of the warrants and vesting are described in more detail in a report on Form 8-K filed by Plug Power with the SEC earlier today.

The new agreement is a key milestone in a longstanding relationship with Walmart, which has been at the forefront of fuel cell technology adoption and commercialization in material handling, becoming Plug Power’s first GenKey customer in 2014. Plug Power supplies the retail giant with fuel cells, hydrogen fueling stations, and ongoing maintenance services. Today, Walmart operates the largest fleet of hydrogen fuel cell powered electric vehicles in the world, totaling more than 6,600 units in distribution centers across North America. Plug Power’s hydrogen fuel cell technology replaces traditional lead-acid batteries, helping customers increase warehouse productivity with a more energy efficient solution while reducing the costs and sustainability issues related to traditional battery maintenance.

“Plug Power’s material handling solutions represent a critical component in our supply chain,” said Jeff Smith, Senior Director of Logistics Maintenance and Purchasing Services. “Plug Power’s hydrogen fuel cell technology, coupled with their innovative fueling stations has proven to be a reliable, cost-effective alternative to traditional energy solutions.”

Source: Plug Power