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CLARK MATERIAL HANDLING VIET NAM CO., LTD

Active

Business ID 0801257399

84-220 / 3556855

CLARK MATERIAL HANDLING VIET NAM CO., LTD

Active

Business ID 0801257399

84-220 / 3556855

CLARK MATERIAL HANDLING VIET NAM CO., LTD

Active

Summary

Name:

CLARK MATERIAL HANDLING VIET NAM CO., LTD

Business ID (TIN):

0801257399

Date of Registration:

14 Aug 2018

Registered Office:

Hai Phong City Department of Finance

Address:

Km 38, National Highway 5, Mao Dien Commune, Hai Phong City, Vietnam

Phone:

84-220 / 3556855

Financial Statement:

2020, 2021, 2022, 2023, 2024

CLARK MATERIAL HANDLING VIET NAM CO., LTD is a foreign-invested manufacturer established in 2018, headquartered at Km 38, National Highway 5, Mao Dien Commune, Hai Phong City. The company operates two factories in Hai Duong Province, specializing in the manufacture, assembly, and supply of forklifts and lifting equipment.

The company’s charter capital is about USD 7.09 million, fully paid up by foreign shareholders — mainly Clark Material Handling International Inc. (South Korea, 94.74%) and Clark Material Handling Company (USA, 5.26%). General Director Mr. Kim Sundeuk leads it and employs roughly 100 staff.

Financial Highlights

Clark Vietnam recorded strong financial momentum over the past three years:

Revenue surged from USD 43.96 million in 2021 to USD 101.41 million in 2023, a remarkable 26.4% increase YoY in 2023.
Net profit jumped to USD 3.42 million in 2023, up 257% from 2022.
Equity increased nearly 355%, reaching USD 4.39 million, while total assets slightly declined to USD 47.07 million, showing improved capital efficiency.

Despite a negative working capital of about USD 6.4 million, the company’s profitability and asset base signal a solid recovery and sustainable growth trend.

Market Position

Clark Vietnam operates in a rapidly expanding material handling and warehouse equipment market, which grows alongside Vietnam’s industrialization and logistics expansion. Demand for forklifts has been rising by roughly 12–15% annually, driven by e-commerce logistics and the establishment of new industrial parks.

By producing forklifts locally, Clark helps reduce import dependency and shorten delivery times — key advantages over fully imported machinery. Its factories in Hai Duong serve both the domestic market and exports within ASEAN, supported by its strategic location on the Hanoi–Hai Phong logistics corridor.

Outlook

Vietnam’s logistics and industrial infrastructure — including ports, highways, and warehouses — is expanding rapidly, generating strong demand for material handling equipment. Backed by South Korean and U.S. technology, Clark Vietnam is poised to capture these opportunities, especially in eco-friendly and electric forklifts, which industrial clients increasingly favor.

With annual revenue exceeding USD 100 million and a proven record of profitability improvement, Clark Vietnam is expected to maintain double-digit growth as it continues to strengthen its production efficiency and local supply chain integration.

In short, Clark Vietnam’s 2023 performance marks a significant milestone, reflecting not only its operational turnaround but also Vietnam's broader transformation into a manufacturing and logistics hub in Asia.

Legal Profile

English Name:

CLARK MATERIAL HANDLING VIET NAM CO., LTD

Vietnamese Name:

CÔNG TY TNHH CLARK MATERIAL HANDLING VIỆT NAM

Short Name:

CMHVN CO., LTD

Business ID (TIN):

0801257399

Date of Registration:

14 Aug 2018

Registered Office:

Hai Phong City Department of Finance

Ownership Status:

FDI

Operation Status:

Active

Contacts

Key Decision Makers:

KIM S

Address:

Km 38, National Highway 5, Mao Dien Commune, Hai Phong City, Vietnam

Phone:

84-220 / 3556855

Factory Address:

Road 20A industrial cluster, Vinh Hong Commune, Binh Giang District, Hai Duong Province, Vietnam

Factory Address:

Northern National Road No. 18, Van An Ward, Chi Linh City, Hai Duong Province, Vietnam

Business Sector

Key business lines:

VSIC:

2816 Manufacture of lifting and handling equipment

NACE:

28.22 Manufacture of lifting and handling equipment

Industry Sales Growth

CAGR (2019 - 2023)

16.79%

YoY (2023)

0.83%

Companies by industry

Company distribution and propportions

405

0.0139%

Key Industry Players

Top 10 companies in manufacture of lifting and handling equipment industry

avc cranes and equipment jointstock company alpec joint venture joint stock company vietnam steel structures and lifting equipments joint stock company palfinger marine vietnam co., ltd makitech vietnam co.,ltd hktm vina co.,ltd spon technologies co., ltd clark material handling viet nam co., ltd tairui industry company limited mi-jack vietnam co., ltd.

Payment History

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Financial Performance

Assets	80.08%
Owner’s Equity	95.55%
Working Capital	-29.85%
Net Worth	65.01%
Sales	-76.20%
Operating income	13.38%
EBIT	-97.16%
Gross Profit Margin	-26.95%
Debt to EBITDA	88.17%

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Specific Questions About CLARK MATERIAL HANDLING VIET NAM CO., LTD

When did CLARK MATERIAL HANDLING VIET NAM CO., LTD start operating?

CLARK MATERIAL HANDLING VIET NAM CO., LTD was started in 14 Aug 2018

What industry does CLARK MATERIAL HANDLING VIET NAM CO., LTD operate in?

CLARK MATERIAL HANDLING VIET NAM CO., LTD is operating in "Manufacture of lifting and handling equipment" industry

How can I contact CLARK MATERIAL HANDLING VIET NAM CO., LTD?

CLARK MATERIAL HANDLING VIET NAM CO., LTD phone numbers is 84-220 / 3556855

What adverse news is there about CLARK MATERIAL HANDLING VIET NAM CO., LTD?

CLARK MATERIAL HANDLING VIET NAM CO., LTD’s has no negative news

What is stock symbol of CLARK MATERIAL HANDLING VIET NAM CO., LTD?

CLARK MATERIAL HANDLING VIET NAM CO., LTD is not listed company

Where is the location of CLARK MATERIAL HANDLING VIET NAM CO., LTD?

CLARK MATERIAL HANDLING VIET NAM CO., LTD is located at Km 38, National Highway 5, Mao Dien Commune, Hai Phong City, Vietnam

What is CLARK MATERIAL HANDLING VIET NAM CO., LTD’s business registration?

CLARK MATERIAL HANDLING VIET NAM CO., LTD business registration is 0801257399

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CLARK MATERIAL HANDLING VIET NAM CO., LTD

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CLARK MATERIAL HANDLING VIET NAM CO., LTD

CLARK MATERIAL HANDLING VIET NAM CO., LTD

CLARK MATERIAL HANDLING VIET NAM CO., LTD

Financial Highlights

Market Position

Outlook

Company Profile Report

Company Standard Report

Comprehensive Report

GET IN TOUCH FOR EXCLUSIVE DEALS!

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