KION Group and Weichai Power to build €100M forklift plant in Jinan, China

KION Group announced a joint venture with Weichai Power to build a new plant in Jinan, China, with total investment of about €100 million. KION holds 95% and Weichai 5%. The plant will produce counterbalance forklifts and is expected to start construction by end of 2020 and production in 2022, creating over 800 jobs by 2025.

“济南新厂建设投资总额约1亿欧元，新厂预计2020年底动工，2022年投产，主要生产平衡重式叉车。”xinhuanet.com

• 3 sources
• xinhuanet.com德国凯傲集团宣布与潍柴动力合资建新厂-新华网Mar 3, 2020
• mm-logistik.vogel.deKion baut neues Staplerwerk in ChinaBernd MaienscheinMar 3, 2020
• en.imsilkroad.comWeichai Power, KION Group to set up JV in E China's Shandong province - Xinhua Silk RoadMar 4, 2020

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