# KION Group starts construction of new forklift plant in Jinan, China

KION Group has begun construction of a new plant for counterbalance forklifts in Jinan, Shandong Province, China. The investment is around EUR 100 million and is expected to create over 800 jobs by 2025.

- Type: New facility
- Announced: 2021-11-04
- Where: Jinan, Shandong Province, China
- Value: $115.0M (100.0M EUR)
- Jobs: 800
- Status: under construction
- Products: counterbalance forklifts
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

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

## Sources

- [transportjournal.com](https://transportjournal.com/2021/11/04/kion-group-starts-construction-of-its-new-plant-in-china/), 2021-11-04: "China has quickly recovered from the Corona crisis, remains one of the fastest-growing markets in the world, and plays a key role in our strategy."
- [kiongroup.com](https://www.kiongroup.com/en/News-Stories/Press-Releases/Press-Releases-Detail.html?id=2177392&title=KION+Group+opens+new+forklift+truck+plant+in+China+and+lays+foundation+stone+for+further+supply+chain+solutions+plant&type=corporate), 2021-12-16: "These new facilities will help the KION Group to forge ahead with its growth strategy in China and expand its product portfolio in both operating segments in one of the world's most important and fastest-growing markets for material handling equipment."
- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/623212.html), 2021-12-16: "These new facilities will help the KION Group to forge ahead with its growth strategy in China and expand its product portfolio in both operating segments in one of the world's most important and fastest-growing markets for material handling equipment."
- [en.commerce.shandong.gov.cn](http://en.commerce.shandong.gov.cn/art/2021/12/20/art_25372_10287923.html), 2021-12-20: "The first phase of the Kion forklift truck manufacturing plant was put into operation on Dec 16 in Jinan, Shandong province."
- [int-liftandhoist.com](https://www.int-liftandhoist.com/news/kion-group-opens-new-forklift-truck-plant-in-china/), 2022-01-04: "These new facilities will help the Kion Group to forge ahead with its growth strategy in China and expand its product portfolio in both operating segments in one of the world’s most important and fastest-growing markets for material handling equipment."
- [m.chinaforklift.com](https://m.chinaforklift.com/news/detail/202201/77704.html), 2022-01-07: "凯傲济南新工厂的正式投产，不仅加速了山东省新旧动能转换，助力济南市装备制造产业升级。"

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