# KION Group begins construction of €100M counterbalance truck plant in Jinan, China

KION Group started construction of a new plant in Jinan, China to produce counterbalance trucks. The €100 million facility is expected to create over 800 jobs by 2025 and expand KION's product portfolio in the Chinese material handling market.

- Type: New facility
- Announced: 2020-08-17
- Where: Jinan, Shandong Province, China
- Value: $118.0M (100.0M EUR)
- Jobs: 800
- Status: under construction
- Products: counterbalance trucks
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [KION Group](https://endata.com/companies/16287.md)
- [SINOTRUK](https://endata.com/companies/19998.md)
- [Weichai Power](https://endata.com/companies/4175.md) (investor)
- [Weichai Group](https://endata.com/companies/35855.md) (partner)
- [Shandong Heavy Industry Group](https://endata.com/companies/37551.md) (partner)

## Sources

- [kiongroup.com](https://www.kiongroup.com/en/Press/Press-Releases/Press-Releases-Detail.html?id=2019893&title=KION+Group+begins+work+on+new+plant+in+China&type=corporate), 2020-08-17: "We want to harness the potential of this important market even more effectively and expand our position as a leading supplier of intralogistics equipment in China."
- [kiongroup.com](https://www.kiongroup.com/en/News-Stories/Press-Releases/Press-Releases-Detail.html?id=2019893&title=KION+Group+begins+work+on+new+plant+in+China&type=corporate), 2020-08-17: "We want to harness the potential of this important market even more effectively and expand our position as a leading supplier of intralogistics equipment in China."
- [chinadaily.com.cn](https://www.chinadaily.com.cn/regional/2020-08/18/content_37542536.htm), 2020-08-18: "The second phase of the intelligent forklift project supported by German Kion Group and the smart networked heavy truck project supported by Sinotruk started construction in Jinan."
- [chinadaily.com.cn](http://www.chinadaily.com.cn/regional/2020-08/18/content_37542536.htm), 2020-08-18: "The second phase of the intelligent forklift project supported by German Kion Group and the smart networked heavy truck project supported by Sinotruk started construction in Jinan, capital of Shandong province on Aug 17."
- [commerce.shandong.gov.cn](http://commerce.shandong.gov.cn/art/2020/8/22/art_168892_9665715.html), 2020-08-22: "The German KION Group is Europe's first and the world's second largest industrial vehicle manufacturer, and Shandong is an important manufacturing base in China with complete industrial categories and a good industrial ecosystem."

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