09.03.2017
KION GROUP AG DE000KGX8881
DGAP-News: KION Group expands production of Dematic conveyor systems with a new factory in the Czech Republic
DGAP-News: KION GROUP AG / Key word(s): Miscellaneous
KION Group expands production of Dematic conveyor systems with a new factory
in the Czech Republic (news with additional features)
09.03.2017 / 09:30
The issuer is solely responsible for the content of this announcement.
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- KION Group invests around EUR7 million in the Stříbro site
- The plant is expected to be completed within twelve months and will
create around 200 new jobs
- KION CEO Gordon Riske: "The new factory is a sign of the huge progress
made on the integration of Dematic"
- Manufacture of modules for automated conveyor systems planned
- Contract agreed with building contractor Panattoni
Wiesbaden/Stříbro 9 March 2017 - The KION Group is expanding production
capacity for the recently acquired automation specialist Dematic with a new
plant in the Czech Republic. The existing KION site in Stříbro is to be
extended to include a factory for automated conveyor systems, which will
cover an area of 23,000 square meters. A contract has been signed with the
contractor Panattoni, the builder of the first factory, which opened at the
beginning of 2016.
The KION Group is planning an overall investment of around EUR7 million in
the factory, which should be completed in the fourth quarter of 2017.
Production will then be ramped up in the first six months of 2018. The new
production facility is expected to employ around 200 people.
The new factory will serve the European market, manufacturing multi-
shuttles and modular conveyor systems for Dematic's automated storage and
retrieval systems. These modular components can be combined in different
ways to offer a wide range of functionality and can be tailored exactly to
the particular needs of customers. "The factory is, at the same time, a
sign of the huge progress that we are making on the integration of Dematic
as a new member of the KION family," said Gordon Riske, Chief Executive
Officer of the KION Group.
The acquisition of the automation and supply chain optimization specialist,
which was completed in early November 2016, has established the KION Group
as a world-leading supplier of supply chain solutions with a unique and
comprehensive portfolio ranging from forklift trucks to fully automated
material handling solutions. The company is now ideally placed to tap into
the attractive and profitable growth that is being driven by megatrends
such as Industry 4.0, digitalization, and e-commerce.
The KION Group has been manufacturing warehouse trucks at the Stříbro site
since January 2016. Also in the Czech Republic, Linde Pohony (LiPo) in
Český Krumlov makes steering axles and electric and hydrostatic drive axles
for the KION Group, while JULI, a joint venture of the KION Group near
Brno, builds electric motors. The total number of people working at the
three sites is currently around 1,200.
Website: kiongroup.com/mediasite
Twitter: @kion_group
The Company
The KION Group is a global leader in industrial trucks, related services,
and supply chain solutions. Across more than 100 countries worldwide, the
KION Group designs, builds and supports logistics solutions that optimize
material and information flow within factories, warehouses and distribution
centres. The company is the largest manufacturer of industrial trucks in
Europe, the second-largest producer of forklifts globally, and a leading
provider of warehouse automation.
The KION Group's world-renowned brands are clear industry leaders. Dematic,
the newest addition to the KION Group, is a global leader in automated
material handling providing a comprehensive range of intelligent supply
chain and automation solutions. Egemin Automation is a leading logistics
automation specialist with a particular strength in AGVs. The Linde and
STILL brands serve the premium industrial truck segment. Baoli focuses on
industrial trucks in the economy segment. Among its regional industrial
truck brands, Fenwick is the largest supplier of material handling products
in France, OM STILL is a market leader in Italy, and Voltas is a leading
provider of industrial trucks in India.
With a global installed base of more than 1.2 million industrial trucks and
over 6,000 installed systems, KION Group's customer base includes companies
in all industries and of all sizes on six continents. The KION Group has
more than 30,000 employees and generated revenue of around EUR5.8 billion
in 2016.
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
Mobile: +49 (0)151 16 86 55 50
[email protected]
Frank Brandmaier
Head of Corporate Media Relations
Tel.: +49 (0)611 770 752
[email protected]
Further information for investors
Dr Karoline Jung-Senssfelder
Head of Investor Relations and M&A
Tel.: +49 (0)611 770 450
[email protected]
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Additional features:
Document: http://n.eqs.com/c/fncls.ssp?u=YYWSGEWNMR
Document title: Download press release as PDF
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09.03.2017 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.
Archive at 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: [email protected]
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, Tradegate Exchange
End of News DGAP News Service
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