Mitsubishi Caterpillar Forklift America Inc. and Jungheinrich Lift Truck Corp. form Joint Venture “ICOTEX“
Jungheinrich Lift Truck Corp. and Mitsubishi Caterpillar Forklift America Inc. (MCFA) establish the joint venture company “ICOTEX“ (Industrial Components of Texas, LLC) which will manufacture industrial components. As primary customer of ICOTEX, MCFA will be using the components in the forklift production process at its Houston/Texas manufacturing plant. MCFA is Jungheinrich’s distribution partner in the USA, Canada and Mexico.
The opening of a 71,000-square-foot ICOTEX facility in Conroe, Texas is scheduled for the late summer of 2017. ICOTEX will be recruiting 80 new employees and eventually produce over 600 different types of components at the state-of-the-art site.
“ICOTEX is a strategic opportunity for MCFA and Jungheinrich to strengthen their existing North American partnership and support growth goals in the region”, said Reinhild Kuehne, president at ICOTEX. “The collaboration will deliver supply chain efficiencies. Our customers will benefit from improved quality control and shorter manufacturing lead times. The ICOTEX joint venture is the natural evolution of a grown cooperation, since MCFA has produced Jungheinrich-designed forklift models in the USA for years and earned a reputation for reliability and performance.”