Ads
News service and business centre for materials handlingHOME
/lynad/news_adclick.asp?assid=19786/lynad/news_adclick.asp?assid=19787/lynad/news_adclick.asp?assid=19788/lynad/news_adclick.asp?assid=19789/lynad/news_adclick.asp?assid=19796
Ads
3592

Linde Australia sees restructure as “positive”


Thursday, 5 Oct 2006 ( #280 ) - SYDNEY, New South Wales, Australia
Local News Story
Linde Materials Handling Australia says the restructure of parent company Linde AG into the Kion Group has been a "positive move".

On 5 September 2006 Linde AG announced a merger with BOC Group plc, creating an industrial gas and engineering company trading as the Linde Group (Forkliftaction.com News #276).

Coinciding with the merger, Linde announced it would separate its materials handling business into another company, Kion Group.

Kion Group is a holding company that groups three brands, Linde, Still and OM.

A Linde Australia statement said the restructure would allow Linde to "focus on the aggressive market share growth targets set for coming years".

Linde Materials Handling Australia managing director Carl Smith said the move was positive for Australia.

"The Linde branding will continue in Australia in its own right and the restructure will only help improve the remarkable progress Linde Australia has made in the past two years," he said.

Linde Australia was formed in 1991 after Linde took control of Australian-based Linde Lansing.

Linde AG CEO Professor Wolfgang Reitzle said separating the materials handling business provided focus.

"By focusing on a clearly-defined business area, it will be possible to bundle strengths even more efficiently and better extract the potential of the individual brands," he said.

Bidding for Linde’s forklift division has begun. According to Financial Times Deutschland, the latest bid was EUR3-3.5 billion (USD3.8-4.4 billion).

In 2005 the three brands, Linde, Still and OM, recorded a total turnover of EUR3.6 billion (USD4.6 billion) and an operating profit of EUR223 million (USD283 million). A total of 19,323 employees worked for the three brands worldwide. Kion Group is based in Wiesbaden.
Discuss Forkliftaction.com News stories in the Discussion Forums!
 
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.

x