Chinese Company Profile: Hangcha (October 2018)
Off-Highway Research's Company Profile's are objective analyses of major construction equipment manufacturers or component suppliers.
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|Company Structure||Manufacturing Facilities||Component Sourcing|
|Ownership||Marketing and Distribution||Production|
|Financial Analysis||Research and Development||Employees|
This profile focuses on the Hangcha Group Co., Ltd, a leading domestic supplier of industrial forklift trucks that was listed on the Shanghai Stock Exchange on 27 December 2016. It is headquartered in Lin’an’s Qingshanhu Science and Technology City, a district of Hangzhou, the capital of Zhejiang Province. The findings in this report have been derived from the company’s public statements, Off-Highway Research’s personal interviews and information provided by the company.
Its key products are a complete range of industrial forklift trucks, including electric counterbalanced trucks (class 1), electric warehouse trucks (class 2), pallet trucks (class 3) and IC counterbalanced forklift trucks (class 4-5). Hangcha became the second largest domestic supplier in 2000 when it was privatised, and since then has always been a close competitor to Heli, the current market leader.