KION Group

Weichai Power is aiming to open a Linde Hydraulics technology production factory in China by 2016 following its recent investment in the German brand’s parent group. In September 2011 Weichai Power paid €738 million for a 25% stake in the German-based KION Group, and a 70% share of its highly successful Linde Hydraulics brand, as part of a strategic cooperation agreement. Now the Weifang, Shandong Province headquartered leading Chinese automobile and equipment manufacturing group is keen to maximise its ret

A landmark deal has been agreed between Shandong Heavy Industry Weichai Power and the German Kion Group. This is claimed to be the largest financial investment in Germany to date made by a Chinese company. Kion is a leading international producer of forklift trucks and under the terms of this deal, it will work with Weichai Power to develop a common platform for the machines for sale worldwide. The Chinese investment will also boost manufacturing capability within Europe. Weichai Power is investing €738 mil

Weichai Power is aiming to open a Linde Hydraulics technology production factory in China by 2016 following its recent investment in the German brand’s parent group. In September 2011 Weichai Power paid €738 million for a 25% stake in the German-based KION Group, and a 70% share of its highly successful Linde Hydraulics brand, as part of a strategic cooperation agreement. Now the Weifang, Shandong Province headquartered leading Chinese automobile and equipment manufacturing group is keen to maximise its ret