DGAP-News: KION GROUP AG / Key word(s): Miscellaneous
Cutting-edge KION plant officially opens in the Czech Republic (news with
additional features)
16.02.2016 / 12:54
The issuer is solely responsible for the content of this announcement.
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- Factory near Stříbro deploys digitally connected systems
- Capacity to manufacture up to 12,000 trucks per year
- Reach trucks in production since the start of January
Wiesbaden/Stříbro, 16 February 2016 - The KION Group has held a ceremony to
officially open its state-of-the-art plant near the Czech town of Stříbro
close to Plzeň. The world's second-largest manufacturer of forklift trucks
and warehouse technology has equipped its new production facility with
digitally connected systems to create a 'smart factory'.
The KION Stříbro plant is initially building reach trucks for the Linde
brand. Production got under way at the start of January 2016, little more
than a year on from the ground-breaking ceremony in November 2014. The
plant has the capacity to manufacture 12,000 trucks per year. Around 150
people are working at the site currently. The KION Group has spent around
EUR14 million on fitting out the building, which has an area of
approximately 24,000 square metres.
"Our new factory represents a major milestone in the implementation of our
KION Group Strategy 2020, with which we are making sure our work is even
more focused on customers, innovation and quality," said Gordon Riske,
Chief Executive Officer of the KION Group, speaking at the opening
ceremony, which was attended by guests from the worlds of politics and
business. "Stříbro's location is ideal," emphasised Riske. "Firstly, the
new factory brings us closer to our customers in eastern and southern
Europe and, secondly, it is just a few hundred kilometres from Linde's core
plant in Aschaffenburg and other sites."
"I am delighted about the start of the forklift truck production at the new
facility in Ostrov u Stříbra. I am quite certain that the Stříbro and Plzeň
region has found an outstanding partner for the development of high-quality
industry and cutting-edge technology. It is a highly regarded employer that
will offer good working conditions for the highly skilled local workforce,"
Czech Prime Minister Bohuslav Sobotka emphasised in a welcome address to
mark the plant's official opening.
"We have set up our ideal material flow in the new factory," said Sabine
Neuß, Linde Chief Operating Officer. "We are fully focused on our core
competences. The processes are completely transparent and are managed,
monitored and documented using IT systems."
"I am honoured to welcome such a significant international client in
Panattoni Park in Ostrov u Stříbra and I am delighted that we were able to
finish the project according to schedule," said Pavel Sovička, the General
Director of Panattoni Europe in the Czech Republic and Slovakia. Panattoni
Europe is the development company which built the factory in cooperation
with the Czech development company Accolade.
The plant in Stříbro is the KION Group's third site in the Czech Republic.
Linde Pohony (LiPo) makes steering axles and electric and hydrostatic drive
axles for the KION Group in Český Krumlov. JULI is a joint venture of the
KION Group near Brno and builds electric motors. The total number of people
working at the three sites is around 1,200.
Website: kiongroup.com/mediasite
Twitter: @kion_group
The Company
The KION Group - comprising the seven brands of Linde, STILL, Fenwick, OM
STILL, Baoli, Voltas and Egemin Automation - is the largest manufacturer of
industrial trucks in western and eastern Europe, the global number two in
the industry and the leading non-domestic supplier in China. The Linde and
STILL brands serve the premium segment worldwide. Fenwick is the largest
supplier of material handling products in France, while OM STILL is a
market leader in Italy. The Baoli brand focuses on the economy segment, and
Voltas is a leading provider of industrial trucks in India. Egemin
Automation is a leading Belgian logistics automation specialist.
The KION Group is present in more than 100 countries and, in 2015, employed
approximately 23,500 people and generated revenue of around EUR5.1 billion
according to preliminary and unaudited figures. KION GROUP AG is listed on
Deutsche Börse's Frankfurt Stock Exchange, the MDAX (the German stock index
for medium-sized companies) and the STOXX Europe 600 index, which comprises
the 600 largest companies in Europe.
Disclaimer
This document and the information contained herein are for information
purposes only and do not constitute a prospectus or an offer to sell or a
solicitation of an offer to buy any securities in the United States or in
any other jurisdiction.
This release contains forward-looking statements that are subject to
various risks and uncertainties. Future results could differ materially
from those described in these forward-looking statements due to certain
factors, e.g. changes in business, economic and competitive conditions,
regulatory reforms, results of technical studies, foreign exchange rate
fluctuations, uncertainties in litigation or investigative proceedings, and
the availability of financing. We do not undertake any responsibility to
update the forward-looking statements in this release.
Further information for the media
Michael Hauger
Head of Corporate Communications
Tel.: +49 (0)611 770 655
michael.hauger@kiongroup.com
Frank Brandmaier
Head of Corporate Media Relations
Tel.: +49 (0)611 770 752
frank.brandmaier@kiongroup.com
Further information for investors
Frank Herzog
Head of Corporate Finance
Tel.: +49 (0)611 770 303
frank.herzog@kiongroup.com
Dr Karoline Jung-Senssfelder
Head of Investor Relations and M&A
Tel.: +49 (0)611 770 450
karoline.jung-senssfelder@kiongroup.com
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Additional features:
Picture: http://newsfeed2.eqs.com/kion/437621.html
Subtitle: Interior of the new KION plant in Stříbro
Document: http://n.eqs.com/c/fncls.ssp?u=WFCQOMSBAA
Document title: Download press release as PDF
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16.02.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: KION GROUP AG
Abraham-Lincoln-Str. 21
65189 Wiesbaden
Germany
Phone: +49 (0)611 770-0
Fax: +49 (0)611 770-690
E-mail: info@kiongroup.com
Internet: www.kiongroup.com
ISIN: DE000KGX8881
WKN: KGX888
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart; Terminbörse EUREX
End of News DGAP News Service
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437621 16.02.2016
DGAP-News: Cutting-edge KION plant officially opens in the Czech Republic (news with additional features)
| Source: EQS Group AG