DGAP-Information: KION GROUP AG

/ Key phrase(s): Growth

KION Group opens new forklift truck plant in China and lays basis stone for additional provide chain options plant (information with further options)

16.12.2021 / 08:30
The issuer is solely liable for the content material of this announcement.

KION Group opens new forklift truck plant in China and lays basis stone for additional provide chain options plant

– Complete quantity of round ?140 million for future manufacturing of business vehicles and provide chain options in Jinan

– Plan is to create over 1,000 new jobs on the web site

– CEO Gordon Riske: “We’re forging forward with our development technique.”

 

Frankfurt am Primary/Jinan, Thursday, December 16, 2021 – KION GROUP AG has two causes to have a good time right now. Not solely did it formally open its new counterbalance truck plant within the Chinese language metropolis of Jinan (Shandong province) – at which the company have been additionally introduced the primary forklift truck from the brand new plant – however, adjoining to this, it additionally laid the inspiration stone for a further plant for provide chain options within the quick neighborhood that can home a know-how centre and state-of-the-art manufacturing strains.

“These new amenities will assist the KION Group to forge forward with its development technique in China and broaden its product portfolio in each working segments in one of many world’s most essential and fastest-growing markets for materials dealing with gear,” stated Gordon Riske, Chief Govt Officer of the KION Group, who spoke on the ceremony in Jinan through video hyperlink. The overall quantity for the 2 future-oriented vegetation, plus an R&D middle and a know-how middle, involves round ?140 million. The KION Group plans to create greater than 1,000 new jobs in Jinan within the medium time period. Greater than 4,600 of the KION Group’s nearly 40,000-strong workforce are already based mostly in China.

“The brand new forklift truck plant in Jinan is a decisive step in our ‘Rising in China’ initiative. China affords a lot development potential for us,” added CP Quek, member of the Govt Board of KION GROUP AG and liable for the ITS enterprise within the Asia Pacific and Americas areas. “In keeping with the World Industrial Truck Statistics (WITS), it accounted for round 40 % of the worldwide marketplace for industrial vehicles in 2020 by way of unit orders. China additionally stays one of many world’s most essential development markets. We wish to harness the potential of this essential market much more successfully and considerably broaden our place as a number one intralogistics provider in China.”

The focused growth of enterprise in Asia, and in China particularly, performs a key position within the KION Group’s development technique. And with the brand new plant for counterbalance vehicles, the Group goals to considerably broaden its product portfolio with the intention to faucet into development alternatives within the worth phase worldwide and profit much more from the rising electrification of business vehicles in China. On a web site masking nearly 223,000 sq. meters – equal to greater than 31 soccer fields – the Group has constructed a state-of-the-art analysis and growth middle, a coaching middle, and places of work subsequent to a high-tech plant for producing industrial vehicles on behalf of the KION model firms Linde Materials Dealing with and Baoli. The KION Group has established a brand new firm for this function, during which KION has a stake of 95 % and Weichai Energy Co. Ltd. – the KION Group’s anchor investor – has 5 %. This fairness funding of Weichai Energy, which can also be based mostly in Shandong province and manufactures powertrain programs, industrial autos, and automobile electronics, ensures that the KION Group has a robust native presence within the area.

The plant for the Provide Chain Options phase, which remains to be to be constructed, will likely be used to assist native analysis and growth, manufacture key Dematic merchandise together with Dematic Multishuttle, and supply clients entry to rising warehouse applied sciences. This automation options plant is scheduled to come back on stream within the first quarter of 2023. There are additionally plans to construct a devoted know-how middle for buyer visits subsequent to the roughly 28,000 sq. meter manufacturing plant. The KION Group expects the marketplace for provide chain options within the Asia Pacific area to develop by round 13 % a 12 months over the subsequent few years. “Dematic has undergone fast growth in China in additional than 20 years. As a world chief in provide chain automation we have now been on the forefront servicing our clients’ e-commerce options,” stated Hasan Dandashly, the member of the Govt Board of KION GROUP AG liable for the Provide Chain Options phase worldwide. The development of the brand new plant is one other essential step within the enterprise growth of Dematic and your complete KION Group. In keeping with eMarketer’s forecast, China will generate e-commerce income of round ?2.4 trillion this 12 months, accounting for almost 57 % of the worldwide complete. It will make it the primary nation in historical past to make greater than half of its retail gross sales digitally. “And we wish to take full benefit,” stated Dandashly.

The KION Group in China

KION Group model firms have had a presence within the Chinese language market for a few years, making KION the nation’s main overseas supplier of business vehicles and warehouse know-how and No. 3 in China (measured by income in 2020). Linde Materials Dealing with began manufacturing in China as a part of a three way partnership in Xiamen, Fujian province, almost 30 years in the past, earlier than buying all of the shares in that firm in 1999. KION additionally opened a second warehouse truck plant, primarily manufacturing Linde vehicles, near its web site in Xiamen in spring 2020. Baoli has been a part of the KION Group since 2009 and manufactures industrial vehicles at its web site in Jingjiang, in Jiangsu province. Dematic is the latest addition to the KION Group and a world chief in clever provide chain, software program, and automation options. The corporate has been manufacturing programs for the Chinese language and Asian markets in Suzhou, Jiangsu province, since 2006.

The Firm

The KION Group is among the many world’s main suppliers of business vehicles and provide chain options. Its portfolio encompasses industrial vehicles, comparable to forklift vehicles and warehouse vehicles, in addition to built-in automation know-how and software program options for the optimization of provide chains, together with all associated providers. Throughout greater than 100 international locations worldwide, the KION Group’s options enhance the circulation of fabric and data inside factories, warehouses, and distribution facilities.

The Group, which is included within the MDAX, is the most important producer of business vehicles in Europe by way of items offered in 2020. In China, it’s the main overseas producer (as measured by income in 2020). The KION Group can also be one of many world’s main suppliers of warehouse automation (as measured by income in 2019).

On the finish of 2020, round 1.6 million of the KION Group’s industrial vehicles and over 8,000 of its put in programs have been in use by clients of varied sizes and in quite a few industries on six continents. The Group at the moment has round 39,000 workers and generated income of ?8.3 billion in 2020.

Present KION Group photos may be present in our picture database at https://mediacenter.kiongroup.com/categories and on the web sites of our numerous manufacturers.

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Disclaimer

This launch and the knowledge contained herein are for info functions solely and don’t represent a prospectus or a proposal to promote or a solicitation of a proposal to purchase any securities in the US or in some other jurisdiction.

This launch incorporates forward-looking statements which can be topic to numerous dangers and uncertainties. Future outcomes may differ materially from these described in these forward-looking statements on account of sure components, e.g. adjustments in enterprise, financial and aggressive situations (together with with respect to additional developments in relation to the COVID-19 pandemic), regulatory reforms, outcomes of technical research, overseas trade price fluctuations, uncertainties in litigation or investigative proceedings, and the provision of financing. We don’t undertake any accountability to replace the forward-looking statements on this launch.

Additional info for the media

Michael Hauger
Senior Vice President Company Communications
Tel: +49 (0)69 201 107 655
Cellular: +49 (0)151 1686 5550
michael.hauger@kiongroup.com

Frank Grodzki
Senior Director Exterior Communications & Group Newsroom
Tel: +49 (0)69 201 107 496
Cellular: +49 (0)151 6526 2916
frank.grodzki@kiongroup.com

Additional info for buyers

Sebastian Ubert
Vice President Investor Relations
Tel: +49 (0)69 201 107 329
sebastian.ubert@kiongroup.com

16.12.2021 Dissemination of a Company Information, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely liable for the content material of this announcement.

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