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DGAP-News KION Group pushes ahead in North America (news with additional features)

Nachrichtenquelle: EQS Group AG
14.11.2014, 14:06  |  695   |   |   

DGAP-News: KION GROUP AG / Key word(s): Miscellaneous
KION Group pushes ahead in North America (news with additional

14.11.2014 / 14:06


- Company aims to significantly increase market share
- South Carolina production facility and dealer network provide a strong
starting point
- First visible milestone: change of company name from Linde North America
to KION North America

Summerville/Wiesbaden, 14 November 2014 - The KION Group is pushing ahead
in the fast-growing North American market and reached a first milestone on
Friday: Linde North America will operate under the name 'KION North
America' in future. Headquartered in Wiesbaden, Germany, the KION Group is
one of the world's two largest suppliers of forklift trucks, warehouse
technology and associated services. Its strategic objective for the US
market is clear: to double market share over the next few years from the
current 2 per cent to between 4 and 5 per cent.

The company has a solid basis on which to build. The KION Group operates a
production plant in Summerville, South Carolina, with an annual capacity of
more than 10,000 trucks, and has a nationwide sales and service network
with around 100 dealers. Under the joint umbrella of KION North America,
the brand companies Linde, and in future STILL, are to serve the specific
requirements of the US, Canadian and Mexican markets with a comprehensive,
customised and complementary product portfolio.

"The continued development and growth of our organisation in North America
is extremely important for the KION Group. It is one of the key elements of
our Strategy 2020, which we are pursuing with the aim of significantly
extending our global reach," says Gordon Riske, Chief Executive Officer of
the KION Group. "We want to move away from being a niche provider and
become a significant market player in North America under the KION name."

A series of important steps have already been taken. An experienced
management team is working in Summerville to lay the foundations for market
success. Around a dozen new products are being specially developed for the
North American market. Various sales and aftersales projects are already up
and running. The company's medium-term objectives include establishing a
fleet management and finance system and possibly introducing an additional

The North American market, consisting of the USA (the world's
second-largest single market), Canada and Mexico, was one of the fastest
growing markets in the world in 2013, showing an 11 per cent increase in
unit sales. The first nine months of this year saw a rise of just under 6
per cent, while the KION Group's unit sales climbed by more than 10 per

The origins of KION North America go back to the 19th century. In 1898, the
Baker Motor Company, which produced electric cars, was founded in
Cleveland, Ohio. In 1967, Baker acquired the industrial truck manufacturer
Moto-Truc. In 1977, Baker Material Handling became part of Linde AG, and
eight years later, Linde-Baker opened the forklift truck plant in
Summerville. The Linde Material Handling North America Corporation was
formed in 2005. In 2006, Linde AG's global material handling business was
spun off as an independent company to form the KION Group.

Website: kiongroup.com/mediasite

Twitter: @kion_group

The Company

The KION Group AG - comprising the six brands of Linde, STILL, Fenwick, OM
STILL, Baoli and Voltas - 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. The KION Group is present
in more than 100 countries and, in 2013, employed over 22,000 people and
generated revenue of EUR4.5 billion. KION GROUP AG has been listed on
Deutsche Börse's Frankfurt Stock Exchange since June 2013 and was admitted
to the MDAX, the German stock index for medium-sized companies, in
September 2014.


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

Frank Brandmaier
Head of Corporate Media Relations
Tel.: +49 (0)611 770 752

Further information for investors

Frank Herzog
Head of Corporate Finance
Tel.: +49 (0)611 770 303

Dr Karoline Jung-Senssfelder
Head of Investor Relations and M&A
Tel.: +49 (0)611 770 450

Additional features:

Document: http://n.equitystory.com/c/fncls.ssp?u=YNAUWCFXLG
Document title: Download Press Release as PDF


14.11.2014 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


Language: English
Abraham-Lincoln-Str. 21
65189 Wiesbaden
Phone: +49 (0)611 770-0
Fax: +49 (0)611 770-690
E-mail: info@kiongroup.com
Internet: www.kiongroup.com
ISIN: DE000KGX8881
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart

End of News DGAP News-Service
297305 14.11.2014
Kion Group

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