Ads
News service and business centre for materials handlingHOME
Search  
/lynad/news_adclick.asp?assid=18567

18568,18565 3521
Kion Group aims to overtake Toyota
Thursday, 7 Sep 2006 ( #276 ) - WIESBADEN, Germany
News Story
In conjunction with Linde AG’s merger with BOC Group plc on September 5, Linde AG has grouped its three materials handling brands into a new holding company, the Kion Group.

The newly-created gases and engineering company, The Linde Group, will be based in Munich, Germany, and Surrey, in the UK. Linde-owned Kion Group will be headquartered in Wiesbaden, Germany.

Hubertus Krossa
Hubertus Krossa, a member of the Kion Group management board, said the new group would combine the strengths of the Linde, Still and OM brands "under one roof" and better position the brands to "maximise cross-market synergies".  However, all brands would be managed independently, a Kion corporate presentation said.

Forkliftaction.com News understands Linde, Still and OM’s existing worker agreements will remain unchanged but the new holding company has a new management team.

Kion Group’s management team is Krossa, 58, a Linde AG board of directors member responsible for the materials handling division since January 2005,  Dr Nedim Cen, 40, a former Credit Suisse managing director who was responsible for the bank’s mergers & acquisitions business in Germany and Austria, and Ralf Speth, 50, an ex-materials handling division management board member.

Dr Nedim Cen
Krossa said Kion Group was "the undisputed market leader in Europe" and a leader in technological innovation.

Linde, OM and Still have traditionally been strong in Europe but are only just growing in the Asian and North American markets. Linde Material Handling managing director Georg Silbermann told trade press in June 2006 that Linde was targeting market share growth in Asia and the USA. (Forkliftaction.com News #265). The Linde brand has been present in China since the 1990s but, in July 2005, Linde Material Handling launched a second brand in China, OM, to capitalise on China’s growing forklift market.

In the corporate presentation, Kion Group outlined its goal to be a "global player with presence in all core markets" and "the benchmark for the materials handling industry, ahead of Toyota", by 2011.

Ralf Speth
The group said it chose the Kion name because it was short, concise, melodic and familiar, with positive associations around the world. A superscript bar in its logo represented a forklift’s tyne.

The word originated from the language of the Massai, a nomadic ethnic tribe in Kenya and Tanzania. "Kion (gozi)", according to the Kion Group, means "take the leadership". Kion in Chinese characters means "proud of the victory".

Consolidated sales of all three Kion brands for 2005 totalled EUR3.628 billion (USD4.639 billion), with Linde accounting for EUR2.346 billion (USD2.999 billion), Still EUR1.197 billion (USD1.531 billion) and OM EUR252 million (USD322 million). A total of 19,323 employees worked for the three brands worldwide (Linde, 62.2 per cent; Still, 31.6 per cent; and OM, 6.2 per cent). Production output was 125,300 units (Linde, 71,600; Still, 36,900; and OM, 16,800).

Linde AG acquired Hamburg-based Still GmbH from Quandt Group in 1973 followed by mid-priced forklift producer OM Carrelli Elevatori SpA in Lainate, Milan, Italy, in 1992. Linde Material Handling is headquartered at Aschaffenburg, Germany.
Discuss Forkliftaction.com News stories in the Discussion Forums!
x
separate border
THIS WEEK'S NEWS
Global News

Global News

UNITED KINGDOM Bobcat has extended its range with the addition of the ... [more]
GERMANY Manitou has unveiled several new products at the Agritechnica trade ... [more]
AUSTRALIA Fork Force Australia has officially opened its new headquarters in ... [more]
/lynad/news_adclick.asp?assid=18557
Ads


JCB helps engineer WW1 tank centenary tribute - Rocester, United Kingdom
KION supports relief efforts - Summerville, SC, United States
Yale MX series honoured - Greenville, NC, United States
JLT adds Nordic dealer - Växjö, Sweden [more]
SINGAPORE MacGregor has held a ribbon-cutting ceremony to celebrate the opening ... [more]
JLG partners with Continental - McConnellsburg, PA, United States
TVH introduces dual-colour strobes - Olathe, KS, United States [more]
UNITED STATES Kalmar has signed a contract with a major North American ... [more]
TURKEY DP World, the global trade enabler, is upgrading two of ... [more]
GERMANY Wittenförden-based crane service provider Urban has taken delivery of a ... [more]
UNITED KINGDOM Narrow Aisle Ltd, manufacturer of the Flexi range of articulated ... [more]
Advertisement
  • 6485 Kalmar DRF450-65C5X, YEAR 2006, 45T Laden Reach Stacker, 5-High. View more
  • 6375 Terex CS45KM, YEAR 2011, 45T Laden Reach Stacker 5-High. View more
  • 6356 SMV 4542 TBX5, YEAR 2007, 45T Laden Reach Stacker 5-High. View more
  • 6573 SMV SL28 1200A, 28T Counter Balance Forklift, 3.5 m Lifting height. View more
  • 5910 Terex FDC25K7 ... [more]
Your Focus

Your Focus(Blog)

With surging automation and robotics technology advancing at a staggering ... [more]

Announcements (Ads)

PMH launches MaxTruck 2T USA campaign, and is looking for ... [more]
Load Lifter Mfg. recently hosted all of its Canadian Dealers ... [more]
RICO’s next generation of Explosion Proof lift trucks, AC-60 Phoenix ... [more]
IPO Lifts is a leading Bulgarian manufacturer of BIG heavy ... [more]
The Warehousing Education and Research Council (WERC) is the only ... [more]
Advertisement
Next year’s feature dates and topics are now confirmed! Although the topics may be refined further we are excited to reveal that the following areas will be covered: 22nd February: Power Solutions - an update 31st May: Fleet and Stock Management 27th September: Forklift Manufacturing in Europe ... [more]
/lynad/news_adclick.asp?assid=18556
Ads


Subscribe to the weekly e-newsletter.
NEWS ARCHIVE | PAST NEWSLETTERS
©2013 Forkliftaction.com - All rights reserved
 
x
©Forkliftaction.com
Forkliftaction Media Pty Ltd
PO Box 1439
Milton QLD 4064
Australia
Contact Forkliftaction.com
About Forkliftaction
The Forkliftaction Team
Privacy Policy
Site Map
Help
Business Directory
Discussion Forums
Industry News
Events Calendar
Jobs & Resumes
Photo Galleries
Blog articles
Our Bloggers

Industry Brands
Company Index
Regions & Countries
Machinery-onQ.com

Advertise on Forkliftaction
Editorial Features / Calendar
Featured Businesses
Past News Editions
Industry Associations
Storing your login information automatically.

When you select the 'Remember me' option, your login information will be stored on your computer in the form of a cookie. When you visit Forkliftaction.com again, the stored login information will be retrieved automatically and you will not have to submit your login parameters (email address and password) each time you want to visit our members-only pages.

A cookie is a small piece of data that is sent to your browser from a web server and stored on your computer's hard drive. A cookie can't read data off your hard disk or read cookie files created by other sites. Cookies do not damage your system.

 Back to Top