EQS-News: KION GROUP AG / Keywords: Expansion / Strategic Corporate Decisions
KION Group plans production expansion at Reutlingen site (news and additional features)
28.11.2022 / 14:14 CET/CEST
The publisher is solely responsible for the content of this announcement.
KION Group plans to expand production at Reutlingen plant
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Plan to increase production by up to 60 units percent
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Expand KION Warehouse Systems (KWS) company premises by at least 2600 Square meter
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New building on the south side of the factory in close cooperation with political groups and in compliance with nature conservation laws
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KION’s clear commitment to KWS and Reutlingen
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Keck, Mayor of Reutlingen: “KION sends a positive signal to Reutlingen both economically and as a business location.”
Reutlingen, 28 November 2022 — The KION Group strengthens its position in Reutlingen and plans to expand its factory. The intralogistics group has invested his double-digit million euros in this project. “By expanding our production by about 60%, we are sending an important message about the future.” said Rob Smith, CEO of KION GROUP AG. It will further strengthen our strong position as a leading intralogistics provider.”
The Mittelstadt-based subsidiary KION Warehouse Systems (KWS) is the group’s competence center for the development and production of system technology vehicles under the KION brand. Volker Bonk, Managing Director of KION Warehouse Systems, together with Thomas Keck, Mayor of Reutlingen, Roland Wintzen, Deputy Mayor for Finance and Economic Affairs and Wilhelm Haug, District Mayor of Mittelstadt, discusses the current plan. announced the situation.・On-site meeting.
The plan is to relocate the bypass road to the plant, expand the existing production building, and expand the production space to the south. KWS will purchase the forest area currently owned by the city of Reutlingen. This solution significantly improves in-house production processes with minimal additional space. Overall, the expansion includes at least 2600 square meters, of which 2200 is for the expansion of the production hall. There are also plans for major investments in existing facilities and machinery, as well as general modernization of processes on site. Subject to the approval of the relevant authorities, construction is scheduled to begin in the fall of 2023, with the expanded production facilities scheduled to begin operations in 2025.
“KION’s location policy and corporate strategy are both flexible and reliable. With this project, the intralogistics group once again sends a positive signal regarding the economy, the labor market and especially Reutlingen as a business location.” We do,” said Thomas Keck, Mayor of Reutlingen.
Over 400 jobs protected by Reutlingen
Increased production capacity will also impact on-site employment. The workforce has grown from 250 he in 2010 to more than 400 he today. Currently about 130 of these KWS employees come from the city of Reutlingen and 280 from the Reutlingen district. The planned expansion will protect 400 existing jobs and enable the creation of new ones.
KWS Managing Director Volker Bonk said: The planned investment makes one thing clear, he says. This expansion will provide even more flexibility and allow KWS to remain optimally positioned in the dynamic intralogistics market for years to come. “
The development planning process must be completed and the land use plan changed in order to meet legal planning requirements for the factory’s southward expansion. The development plan is now on the agenda of the Mittelstadt district council on November 28, 2022. KWS is already in close consultation with relevant agencies in the city.
The planned expansion will also be implemented in strict compliance with nature conservation regulations. As part of this requirement, external areas that provide the necessary forestry and conservation compensation must be found during the development planning process. In preparation for this, suitable reforestation sites have already been identified in the urban area of Reutlingen. In particular, reforestation is being considered in the ‘Hinterer Zaun’ and ‘Eichwäldle’ districts of the Reutlingen district and the ‘Oberer Auchtert’ district of the Mittelstadt district.
KION warehouse system
You can look back on the long history of KION Warehouse Systems. Over the decades that followed, the company developed an extensive portfolio of logistics solutions, and by the 1980s and his 90s he was one of the leading providers in the market for warehouse trucks. Linde AG bought his company in 1991 and since 2006 he has been part of the KION group. In 2010, it was renamed KION Warehouse Systems. In addition to development and production, KWS not only provides technical support and service in Reutlingen, but also sales support for difficult customer solutions. Technicians, service personnel and network sales representatives of his partners can be trained in the company’s own training center.
KION group
The KION Group is the world’s leading provider of industrial trucks and supply chain solutions. Its full range of services includes industrial trucks such as forklift trucks and warehouse trucks, as well as integrated automation technology and software solutions (including all related services) to optimize your supply chain. KION Group’s solutions ensure the smooth flow of materials and information in our customers’ warehouses, production plants and distribution centers in over 100 countries.
The MDAX-listed group is Europe’s largest manufacturer of industrial trucks, based on 2021 sales. Based on 2021 revenue, KION Group is China’s leading overseas manufacturer and the largest supplier there including domestic manufacturers. KION Group is also one of the world’s leading warehouse automation providers based on 2021 revenue.
As of the end of 2021, over 1.6 million industrial trucks and over 8,000 installed systems of KION Group were in use by customers of various sizes and sectors on six continents. Currently, the group has approximately 40,000 employees and generates revenues of approximately $1 million. €10.3 billion in the 2021 financial year.
You can access the latest image materials of the KION Group from our image database. https://mediacenter.kiongroup.com/categories and each brand’s website.
(csp/fgr)
Disclaimer
This notice and the information contained herein are for informational purposes only and constitute a prospectus, an offer to sell securities in the United States or other jurisdictions, or a solicitation of an offer to purchase securities in the United States or other countries. It is not intended to jurisdiction.
This release contains forward-looking statements that involve various risks and uncertainties. Future results may differ materially from currently anticipated results and may be subject to changes in business, economic or competitive conditions, changes in legislation, results of technical investigations, fluctuations in currency exchange rates, litigation or investigations. Various risk factors such as uncertainty and uncertainty may result. Procedures, and availability of financial resources. This is in particular due to the currently unpredictable further developments related to the war in Ukraine, as well as the geopolitical consequences of the war, and the coronavirus pandemic and its consequent impact on KION GROUP AG and its subsidiaries, and even more Applies with regard to broader economic and corporate impact. the political environment of the markets in which KION GROUP AG and its subsidiaries operate; We assume no responsibility for updating any forward-looking statements contained in this release.
More information for journalists
Frank Grodzki
Vice President External Communications & Group Newsroom
Phone +49 (0)69 201 107 496
Cell +49 (0)151 65 26 29 16
frank.grodzki@kiongroup.com
Christopher spy
Corporate Communications Manager
cell +49 (0)151 14 06 52 27
christopher.spies@kiongroup.com
More information for investors
Sebastian Ubert
Vice President Investor Relations
Phone +49 (0)69 201 107 329
sebastian.ubert@kiongroup.com
Raj Junginger
Senior Manager IR
Phone +49 (0)69 201 107 942
raj.junginger@kiongroup.com
Other features:
Photo: https://eqs-cockpit.com/c/fncls.ssp?u=4b9cc18156ae1ee2d69dbb7e5f901b15
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File: KION Group_Press Release_Expansion KWS
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