Weichai Power Co Ltd who bought 70% of KION Hydraulics (Linde hydraulics) are owned by the Chinese state. they have a option to purchase more of KION Hydraulics. This is ware all the technology of Linde and Still is. The Chines understand that the market needs more efficient forklifts and hydrostatics are a lot more efficient that torque converter truck. the only reason more companies have not gone Hydrostatic is cost and the fact that Linde who have a quite good system would not sell to other forklift manufactures. The Chinese have said they wanted the KION hydraulic technology and they want to improve the market share of this technology in the rest of Asia. How do they improve this well thats simple Heli the other big Chines forklift company is state owned and all state companies share technology.



Also we did point out that Shandong would purchase KION even though KION said no and had to turn around a couple of day's later and say yes , so we understand the market quite a bit. the market over the next couple of years is in for some major changes not since the Japanese manufactures in the 70's has the market seen such a change.If you look at any Chinese manufactured forklift over 6,000kg they are all the same a copy of a TCM , TCM did a deal with one company but when you deal with state companies all state companies get the technology. Weichai Power own 70% of the shares