# KION Group invests over CNY 200M in Baoli factory upgrade in Jingjiang

KION Group announced an investment of over 200 million yuan (approx. $28 million) to upgrade its Baoli forklift factory in Jingjiang, Jiangsu, including new shot blasting lines, VOC systems, and welding robots. A signing ceremony with the Jingjiang Chengnan Industrial Park was held on April 17, 2020.

- Type: Investment
- Announced: 2020-04-17
- Where: Jingjiang, Jiangsu, China
- Value: $28.0M (200.0M CNY)
- Status: announced
- Products: forklifts
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [KION Group](https://endata.com/companies/16287.md)
- [Baoli Forklift](https://endata.com/companies/46632.md)

## Sources

- [chinaforklift.com](https://www.chinaforklift.com/news/detail/202004/70735.html), 2020-04-17: "在今年初，凯傲集团向宝骊注资了2亿多人民币，用于购置抛丸线、VOC系统、门架焊接机器人等一系列全新的设备，用于工厂产线优化升级。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.