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Mitsubishi Heavy Industries merged two of its forklift and logistics equipment subsidiaries, Nichiyu Mitsubishi Forklift and Unicarrier, to form a new company called Mitsubishi Logisnext on October 1, 2017. The new entity becomes the world's third-largest forklift manufacturer by market share.
Japan's Ministry of Economy, Trade and Industry approved a business restructuring plan from Nichiyu Mitsubishi Forklift to absorb Unicarrier's domestic sales business through a company split.