# KION Group opens new forklift truck plant in Jinan, China

KION Group officially opened its new counterbalance truck plant in Jinan, China, with an annual capacity of 40,000 units, and laid the foundation stone for an adjacent supply chain solutions plant. The total investment for both plants is around €140 million, creating over 1,000 new jobs.

- Type: New facility
- Announced: 2021-12-16
- Where: Jinan, Shandong, China
- Value: $158.0M (140.0M EUR)
- Jobs: 1,000
- Starts operating: 16 Dec 2021
- Status: completed
- Capacity: 40,000 units per year (forklift plant)
- Products: counterbalance forklift trucks, supply chain solutions
- 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)

## Sources

- [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."
- [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."

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