KION Group plans further consolidation of its European plants
(Thomson Reuters ONE) -
KION GROUP GmbH /
KION Group plans further consolidation of its European plants
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The issuer is solely responsible for the content of this announcement.
* Competitiveness of KION's European manufacturing base to be continuously
improved to ensure long term stability
* European manufacturing of warehouse trucks should concentrate on two sites
* Production of STILL and OM counterbalance trucks to be consolidated
Wiesbaden, 05 July 2011 - The KION Group, one of the two leading global
manufacturers of industrial trucks, is continuing the consolidation of its
European production facilities. "This is an ongoing process and necessary to
ensure the long term competitiveness of our existing extensive European
manufacturing base. Our aim is to fully utilise capacity at our European plants
and to further improve the flexibility of our manufacturing capacity. BRIC
markets are significantly gaining relative weight on a global perspective,
whereas Western European markets are consolidating, and the competitive
landscape has changed. With this contemplated concentration we intend to secure
our manufacturing base in Europe on a permanent, sustainable basis", said Gordon
Riske, CEO of the KION Group.
The company is working on a project to concentrate its European manufacturing of
warehouse trucks at the sites in Châtellerault (France) and Luzzara (Italy). The
Group's centre of competence for systems engineering was already set up in
2010, with the inauguration of KION Warehouse Systems in Reutlingen (Germany).
The warehouse equipment plant in Châtelleraut employs around 470 people. The
warehouse equipment plant in Luzzara employs a workforce of around 170 people.
Current production at Montataire, a further warehouse equipment plant in France,
would be relocated to the plant in Luzzara. There are currently 188 production
workers employed at Montataire. As a result of these developments, the company
will maintain and continue to invest in highly competitive production facilities
in both France and Italy for the manufacture of warehouse equipment.
As a second project, production of the STILL and OM counterbalance trucks would
be consolidated at the site in Hamburg (Germany). Accordingly, the current
production of the counterbalance trucks at the plant in Bari would be relocated
to Hamburg. The plant in Bari currently employs a workforce of around 320
employees.
After having put both plans in place, KION Group would continue to have by far
the strongest European production footprint within the industry with truck
factories in all major national markets.
The KION Group is engaging in timely and open consultations and negotiations
with trade unions and employee representatives in France and Italy. The aim of
the company is to implement the planned measures, which are essential to
ensuring the Group's long-term competitiveness, in the most socially compatible
way. Employees in Montataire and Bari would be offered alternative jobs at other
KION Group sites.
The KION Group has taken decisive action in addressing the growing importance of
markets outside Europe and is further developing its local manufacturing
capacities in these regions. In April, the company announced the construction of
a completely new production facility for the manufacture of counterbalance
trucks for the South American market in São Paulo, Brazil. KION already operates
a warehouse equipment plant in Rio de Janeiro.
The KION Group has also invested heavily in high-capacity production
infrastructure in China with the Linde plant in Xiamen and the Baoli plant in
Jingjiang, which manufacture mainly for the Chinese and Asian markets. KION's
operations in India are based on the joint venture company Voltas Material
Handling, which launched its operations in May 2011. "Our aim is to be present
in all the key markets with the production, sales, and service structures
appropriate to each respective market close to the customer. We are therefore
continuing with our ongoing development of manufacturing capabilities in the
Asian and South American growth markets in response to the growing significance
of these markets for our business," said Gordon Riske.
The Company
The KION Group - comprising the six brands, Linde, STILL, Fenwick, OM, Baoli and
Voltas - is Europe's market leader for industrial trucks, the global number two
in the industry and the leading international supplier in China. In 2010, the
KION Group employed around 20,000 people and generated revenue of more than ?3.5
billion.
For further information please contact
Michael Hauger
Head of Communications and Investor Relations
Tel.: +49 (0)611 770 655
Emailmichael.hauger(at)kiongroup.com
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 a view 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.
--- End of Message ---
KION GROUP GmbH
Abraham-Lincoln-Strasse 21 Wiesbaden Germany
Download pdf-version of KION Group press release:
http://hugin.info/137240/R/1528452/464154.pdf
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Source: KION GROUP GmbH via Thomson Reuters ONE
[HUG#1528452]
Unternehmensinformation / Kurzprofil:
Datum: 05.07.2011 - 14:43 Uhr
Sprache: Deutsch
News-ID 56139
Anzahl Zeichen: 7235
contact information:
Town:
Wiesbaden
Kategorie:
Business News
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