KION Group announces plans to reorganise its container handling and heavy forklift trucks businesses
(Thomson Reuters ONE) -
KION GROUP GmbH /
KION Group announces plans to reorganise its container handling and heavy
forklift trucks businesses
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* Consultations regarding potential closure of Merthyr Tydfil site announced
* Linde Material Handling will continue to offer container handling and heavy
forklift trucks worldwide
Wiesbaden, 31 January 2013 - The KION Group, one of the two leading global
manufacturers of industrial trucks, today announced that it had entered into
consultations regarding a potential reorganisation of its business activities in
Merthyr Tydfil (Wales, UK), including a potential closure of the site. The
reorganisation forms part of its continuing efforts to further improve the
efficiency of its European production network.
"Our goal is to significantly improve our container handling and heavy truck
business. In addition we intend to further increase the long-term
competitiveness of our offerings to customers through a revised strategy for the
container handling business and the heavy forklift truck segment of our Linde
brand," said Theodor Maurer, member of the Executive Board of KION Group and CEO
of Linde Material Handling.
Linde Material Handling, which is wholly owned by KION Group, and its dealer
network will continue to sell a wide range of container handling products and
heavy forklift trucks to customers globally. The company will maintain the
highest standards in quality, delivery, performance and value - all standards
that its customers are accustomed to.
The Merthyr Tydfil site employs 203 people in manufacturing, engineering, sales,
service and administration. Consultation with the affected employees, worker
representatives, and unions will begin soon and will last for at least 90 days.
If this consultation results in a decision to close the plant, KION will provide
as much assistance as possible to employees seeking alternative work or
training. The Group will offer the opportunity to apply for vacant positions at
other sites to the employees affected and also work with employees and their
representatives to agree on appropriate loyalty and severance packages.
KION Group remains fully committed to supplying the UK market and continues to
employ more than 1,700 employees in sales, service and support functions at over
20 locations of its Linde Material Handling and STILL brands in the UK. The
Group's annual purchasing volume from UK based suppliers is approximately Euro
75 million (2012).
The company
The KION Group - comprising the six brands Linde, STILL, Fenwick, OM STILL,
Baoli and Voltas - is Europe's market leader in industrial trucks, the global
number two in the industry and the leading non-domestic supplier in China. The
Linde and STILL brands serve the premium segment worldwide. Fenwick is the
largest supplier of material handling products in France, while OM STILL is a
market leader in Italy. The Baoli brand focuses on the economy segment, and
Voltas is one of the two market leaders in India. The KION Group employed
roughly 22,000 people and generated revenue of around ?4.4 billion in 2011.
Disclaimer
This press release contains forward-looking statements involving known and
unknown risks, uncertainties and other factors, many of which are outside the
control of the KION Group ('KION'), are difficult to predict and may cause
future developments to differ significantly from assumed developments as
expressed or implied in the forward-looking statements in this press release.
Any liability (including in respect of direct, indirect or consequential loss or
damage) of any member of KION with regard to the information contained in this
press release is expressly disclaimed. This press release does not purport to
contain all of the information that may be required to evaluate any proposed
transaction, and any recipient hereof should seek its own legal, accounting and
other relevant professional advice.
No member of KION undertakes any obligation or expects to update or revise this
press release, including forward-looking statements or any other information
contained herein, whether as a result of new information, future events or
otherwise.
For further information please contact
Michael Hauger
Head of Corporate Communications
KION Group GmbH
Tel: +49 (0) 611 770 655
michael.hauger(at)kiongroup.com
Sara Evans
RLM Finsbury
Tel.: +44 (0) 207 251 3801
Mobile: +44 (78) 24 44 62 45
kion(at)rlmfinsbury.com
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http://hugin.info/137240/R/1674524/545283.pdf
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: KION GROUP GmbH via Thomson Reuters ONE
[HUG#1674524]
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