Kion looking for Asian partners

News Story
- 20 Nov 2008 ( #387 ) - Wiesbaden, Germany
1 min read
Kion Group looking to expand into Asia
Kion Group looking to expand into Asia
Global manufacturer Kion is looking to expand its presence in the low-price segments in Asia.

Michael Hauger, head of communications and investor relations for Kion Group, tells Forkliftaction.com News the group is looking at potential partners in Asia and China. "We are evaluating a number of opportunities," he says.

However, he would not elaborate on "future potential strategies".

Forkliftaction.com News contacted Kion yesterday in the wake of informal reports that the group had purchased a 50% share of Chinese forklift manufacturer Baoli. The German company would not confirm the information, which Hauger rejects as "not correct".

Forkliftaction.com News also contacted Gao Zhou-Fei, vice president of Baoli, to confirm reports of the deal on the German www.flurfoerderzeuge.de website. The website reports that Germany's competition authority has been notified of Kion's intentions to take a majority stake in Baoli.

"This information is not confirmed," Gao says.

The Kion Group is a worldwide provider of forklifts, warehouse equipment and other industrial trucks, employing more than 21,000 people. Its three brands, Linde, Still and Om, experienced strong growth last year.

In September, the company noted that Asia and Eastern Europe were its "principal growth drivers".

Kion has had its own production plant in China since 1993, which also manufactures for the entire Asia Pacific region and supplies modules for the assembly lines in Europe.
New product launches at Bauma
New product launches at Bauma 24 Apr 2025 - Munich, Germany - 2 min read
LogiMAT records 43% increase in exhibitors from China
LogiMAT records 43% increase in exhibitors from China 3 Apr 2025 - Stuttgart, Germany - 4 min read
Previously about:
Baoli unveils new reach truck News Story - 18 Apr 2024 - Milan, Italy - 1 min read
Combilift, Hangcha, Baoli release new forklifts News Story - 28 Sep 2023 - Monaghan, Ireland - 1 min read
Strong forklift showing at LogiMAT News Story - 4 May 2023 - Stuttgart, Germany - 9 min read
Movers & Shakers News Story - 16 Jan 2025 - 2 min read
"Future warehouse" on show News Story - 9 Jan 2025 - Las Vegas, United States - 1 min read
Baoli launches pallet stacker News Story - 19 Dec 2024 - Milan, Italy - 1 min read
LogiMAT records 43% increase in exhibitors from China News Story - 3 Apr 2025 - Stuttgart, Germany - 4 min read
Geopolitics and macroeconomics large concerns for materials handling sector News Story - 20 Mar 2025 - Stuttgart, Germany - 3 min read
Caterpillar financial results News Story - 7 Nov 2024 - Woking, United Kingdom - <1 min read
Do you have materials handling news? Submit your news here

PREMIUM business

Noblelift
Global leader and manufacturer of high quality electric, lithium-ion, and IC material handling equipment.

Find the right machine for your business with F. Uchiyama, exporter and wholesaler of used forklifts and construction machinery. With 100 years of experience in the trade, you can leave the export procedures to us!
FOR SALE:
1999 Hitachi HX99B telescopic boom
2017 Unicarriers FD80-2 counterbalance forklift
2006 Aichi RX07B scissor lift 

Find more machines here | Contact us with enquiries 

Words of support …

Thanks to advertising with Forkliftaction, GemOne has experienced a significant enhancement in our online presence. Working with Forkliftaction has enabled us to boost engagement with our targeted audience, resulting in an increase in information requests and downloads of valuable materials from our website. Forkliftaction has consistently delivered outstanding results, helping us to effectively connect with the right audience.

Justine Lootens, CEO - GemOne

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

Find the right machine for your business with F. Uchiyama, exporter and wholesaler of used forklifts and construction machinery. With 100 years of experience in the trade, you can leave the export procedures to us!
FOR SALE:
1999 Hitachi HX99B telescopic boom
2017 Unicarriers FD80-2 counterbalance forklift
2006 Aichi RX07B scissor lift 

Find more machines here | Contact us with enquiries 

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

Find the right machine for your business with F. Uchiyama, exporter and wholesaler of used forklifts and construction machinery. With 100 years of experience in the trade, you can leave the export procedures to us!
FOR SALE:
1999 Hitachi HX99B telescopic boom
2017 Unicarriers FD80-2 counterbalance forklift
2006 Aichi RX07B scissor lift 

Find more machines here | Contact us with enquiries