KION Group rolls out investment
18 July 2014
The KION Group is set to invest approximately €60 million through 2021 in Linde Material Handling's core plant in Aschaffenburg and around €23 million at the core Still plant in Hamburg over the same period.
The money spent is geared towards optimising and modernising production processes.
The company is also planning to build a new plant near Pilzeň in the Czech Republic, primarily to supply the markets in eastern and southern Europe. The ground-breaking ceremony is scheduled for October and production - initially of existing warehouse technology products - is planned to start in early 2016. Around €12 million will be invested in setting up the plant, where about 200 people will initially be employed.
"The capital invested in our European plant structure shows that our home market of Europe continues to play a key role in our growth strategy - alongside the USA and emerging markets such as China," said KION Group CEO Gordon Riske. "Optimised production processes in our core plants and the new plant in the Czech Republic will not only play an important part in maintaining the leading position of the KION Group in western and eastern Europe, but will also help us to extend our reach by better meeting the needs of the value and economy segments."