TIL Ltd. under the TIL – HYSTER partnership rolled out the 100th Reach Stacker, from its Changual facility in Kharagpur.
The HYSTER-TIL ReachStacker is manufactured by TIL under license agreement with NACCO Materials Handling Group, Inc. (NMHG) for its Hyster brand. The 100th Reach Stacker was delivered to Pramod Gupta, Managing Director, EFC Logistics India Pvt. Ltd.
In 2008, TIL forged the partnership and licensee agreement with NMHG (Hyster Brand), for manufacturing Hyster designed Reach Stackers in its factory for the Indian market. This partnership also enables TIL to sell and service the Hyster range of products in India, Nepal and Bhutan. The Reach Stackers are built as per Hyster design and stringent quality standards in line with those produced at Hyster`s Nijmegen plant in the Netherlands. HYSTER-TIL Reach stackers have become the most preferred choice of customers in India and already garnered over significant market share in the Reach Stacker market in India within a short span, the company informed.
Speaking on the occasion, Sumit Mazumder, Chairman and Managing Director, TIL said, “The roll out of the 100th Reach Stacker is a significant milestone on our 70th anniversary and we are confident of manufacturing and rolling out the next 100 Reach Stackers in a much shorter time.”
The partnership plans to increase its reach and share of the market substantially in the coming years. TIL has also started exports of the Reach Stackers to NMHG`s Asia Pacific Region.