MCFA and Jungheinrich™ announce ICOTEX joint venture
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., has announced a joint venture to form Industrial Components of Texas, LLC (ICOTEX), a new company that will manufacture industrial components. MCFA will be the primary customer, using ICOTEX components in the forklift production process at MCFA’s Houston manufacturing plant.
Construction of a dedicated ICOTEX 71,000-square-foot facility is underway in Conroe, Texas and is scheduled to open in late summer of 2017. ICOTEX will be recruiting approximately 80 new employees and will 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, while continuing to deliver value and innovation to customers,” said Reinhild Kuehne, president at ICOTEX. ”The collaboration will deliver supply chain efficiencies, with customers ultimately benefiting from improved quality control and forklift manufacturing lead times. The ICOTEX joint venture is a natural evolution since MCFA has produced Jungheinrich-designed forklift models in Houston for many years and has earned a reputation for reliability and performance.”
