KION Group and Weichai Power to build €100M forklift plant in Jinan

KION Group announced a joint venture with Weichai Power to build a new plant in Jinan, China, producing counterbalanced forklifts. KION holds 95% and Weichai 5%. The €100 million plant is expected to start production in 2022 and create over 800 jobs.

“KION Group, a well-known German forklift manufacturing and supply chain solution provider, announced on the 3rd that it will establish a new company with Weichai Power in China and build a new plant in Jinan.”haythink.com

• 1 source
• haythink.comLinde Forklift Parent Company KION Group Announces Joint Venture With Chinese Auto Parts Giant Weichai Power To Build New Plant - Global Leading Information Platform For Advanced Materials And TechnologiesJan 15, 2024

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