KION Group continues to expand its footprint in Asia
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KION GROUP GmbH /
KION Group continues to expand its footprint in Asia
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* KION South Asia: new entity based in Singapore
* Growth for Linde MH, STILL and Baoli
* Seng Chuan Tee appointed Managing Director of KION South Asia
Wiesbaden, 19 April 2012 - The KION Group is continuing to expand its footprint
in the Asian material-handling market. By setting up a new entity, KION South
Asia, in Singapore, KION is putting in place the organisational structure that
will enable it to fully unlock the potential of the market in south Asia.
"Our goal is to continually expand our market share in south Asia and acquire
new customers across the region", said CP Quek, President of KION Asia. The new
legal entity will enable KION to carry on extending the local sales and service
networks of the Linde, STILL and Baoli brands. As part of KION Asia, KION South
Asia will help the brand companies to offer solutions tailored to the individual
needs of their customers in the region, thereby contributing significantly to
the success of KION's global multi-brand strategy.
Seng Chuan Tee has been appointed Managing Director of KION South Asia. He will
report to CP Quek, President of KION Asia. "In this role, Seng Chuan Tee will be
able to draw on the extensive experience he has gained in his previous
management positions at Linde China and KION Asia", explained CP Quek. Prior to
this, Mr. Tee worked in leading positions at General Electric Industrial Systems
in the USA and south-east Asia and then in the Eaton Electrical Division in the
Asia-Pacific region. "KION South Asia will benefit from his expertise in matters
of strategy, marketing and business development."
KION South Asia will support the Linde, STILL and Baoli brands in the following
countries: Afghanistan, Bangladesh, Bhutan, Brunei, Burma, Cambodia, East Timor,
Indonesia, Laos, Malaysia, Maldives, Nepal, Pakistan, Philippines, Singapore,
Sri Lanka, Thailand and Vietnam.
More than 2.2 billion people live in south and south-east Asia. The increasing
economic output of this region coupled with rising domestic consumption are
pushing up demand for intralogistics, creating excellent growth prospects for
KION's Linde, STILL and Baoli brands.
The Company
The KION Group with its six brands Linde, STILL, Fenwick, OM, Baoli and Voltas
is Europe's market leader in industrial trucks, the global number two in the
industry and the leading international 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 one of the
two market leaders in India. The KION Group employed roughly 22,000 people and
generated revenue of around ?4.4 billion in 2011.
Disclaimer
This press release contains forward-looking statements involving known and
unknown risks, uncertainties and other factors, many of which are outside the
control of the KION Group ('KION'), are difficult to predict and may cause
future developments to differ significantly from assumed developments as
expressed or implied in the forward-looking statements in this press release.
Any liability (including in respect of direct, indirect or consequential loss or
damage) of any member of KION with a view to the information contained in this
press release is expressly disclaimed. This press release does not purport to
contain all of the information that may be required to evaluate any proposed
transaction, and any recipient hereof should seek its own legal, accounting and
other relevant professional advice.
No member of KION undertakes any obligation or expects to update or revise this
press release, including forward-looking statements or any other information
contained herein, whether as a result of new information, future events or
otherwise.
For further information please contact
Michael Hauger
Head of Corporate Communications
Tel.: +49 (0)611 770 655
Email: michael.hauger(at)kiongroup.com
Download Press Release (PDF, 0.1 MB):
http://hugin.info/137240/R/1604126/507446.pdf
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originality of the information contained therein.
Source: KION GROUP GmbH via Thomson Reuters ONE
[HUG#1604126]
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Datum: 19.04.2012 - 08:24 Uhr
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