# KION Group to build €40M warehouse technology plant in Jinan, China

KION Group will build a new plant for supply chain solutions in Jinan, China, with an investment of almost €40 million. The plant will produce Dematic Multishuttle racks, welded components for AGVs, and conveyor systems, creating over 300 jobs by end of 2024.

- Type: New facility
- Announced: 2021-11-03
- Where: Jinan, Shandong province, China
- Value: $46.0M (40.0M EUR)
- Jobs: 300
- Starts operating: Q1 2023
- Status: announced
- Capacity: 28,000 m² production facility
- Products: Dematic Multishuttle racks, welded components for AGVs, conveyor belts and systems
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

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

## Sources

- [kiongroup.com](https://www.kiongroup.com/en/News-Stories/Press-Releases/Press-Releases-Detail.html?id=2163315&title=KION+Group+to+build+new+warehouse+technology+plant+in+China&type=corporate), 2021-11-03: "The market environment offers us excellent opportunities for growth."
- [mmh.com](https://www.mmh.com/article/kion_group_to_build_new_warehouse_technology_plant_in_china), 2021-11-03: "Capital expenditure on this project is expected to amount to almost €40 million."

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