1. LINE

      Text:AAAPrint
      Economy

      Cooperation with China's Weichai Power promotes German truck giant KION

      1
      2018-03-02 16:10Xinhua Editor: Gu Liping ECNS App Download

      The cooperation with Chinese Weichai Power should be one of the best examples of win-win result of Chinese investments in German companies, German industrial giant KION's Chief Executive Officer Gordon Riske said on Thursday.

      KION Group is a leading German supplier of industrial trucks, related services and supply chain solutions.

      Weichai Power, however, a Chinese enterprise that mainly produces diesel engines, started to invest in KION in 2012 and now holds more than 43 percent of the stake.

      KION had very close personnel exchanges with its Chinese shareholder, keeping the corporate governance structure in good condition, said Riske.

      According to the statement that the company released Thursday, the yearly revenue of KION in 2017 hit new highs, growing by 37 percent to 7.7 billion euros (9.45 billion U.S.dollars) while the net income has growing by 73 percent to 430 million euros (527 billion dollars).

      However, new orders of the internal-combustion trucks made a particularly strong gain worldwide last year, primarily driven by a significant growth of over 30 percent in the Chinese market.

      Ching Pong Quek, a member of the executive board of KION and chief Asia Pacific officer, said that the Chinese market is essential for KION's growth, particularly considering the growing demand for more industrial trucks and services in enormous e-commerce market.

      Thanks to the positive result, the stock of KION Group has advanced by nearly 4 percent Thursday at Frankfurt Stock Exchange.

      As long-term strategic partner, Wechai Power not only placed its money but also shared similar thoughts and concerns with KION in regard to R&D, production etc. of industrial trucks, Quek told Xinhua.

      With Weichai Power's support, KION had accomplished the acquisition of the Luxembourg-headquartered automation and supply chain optimization company Dematic in 2016, which contributed to the significant revenue growth-up almost sixfold-in the supply chain solutions segment.

        

      Related news

      MorePhoto

      Most popular in 24h

      MoreTop news

      MoreVideo

      News
      Politics
      Business
      Society
      Culture
      Military
      Sci-tech
      Entertainment
      Sports
      Odd
      Features
      Biz
      Economy
      Travel
      Travel News
      Travel Types
      Events
      Food
      Hotel
      Bar & Club
      Architecture
      Gallery
      Photo
      CNS Photo
      Video
      Video
      Learning Chinese
      Learn About China
      Social Chinese
      Business Chinese
      Buzz Words
      Bilingual
      Resources
      ECNS Wire
      Special Coverage
      Infographics
      Voices
      LINE
      Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.
      主站蜘蛛池模板: 99在线视频免费| 亚洲色欲啪啪久久WWW综合网| 午夜网站免费版在线观看| 一区二区三区四区免费视频 | 18禁免费无码无遮挡不卡网站| 中文精品人人永久免费 | 亚洲日韩国产精品第一页一区| 在线播放免费播放av片| 免费不卡视频一卡二卡| 222www在线观看免费| 国产又黄又爽胸又大免费视频| 一级看片免费视频| 国产精品美女免费视频观看| 精品一区二区三区免费视频| 中文字幕的电影免费网站| 免费无码黄网站在线看| 国产成人精品一区二区三区免费| 男人都懂www深夜免费网站| 久久免费精品视频| 精品久久久久亚洲| 成人免费观看男女羞羞视频| 一级做a爰全过程免费视频毛片| 两个人看的www免费高清| 国内精品免费在线观看| 99re免费99re在线视频手机版| 免费女人高潮流视频在线观看 | 成人午夜影视全部免费看| 中文字幕在线免费看线人| 24小时日本电影免费看| 国产青草视频在线观看免费影院| 亚洲成AV人在线观看网址| 亚洲VA中文字幕无码一二三区 | 日韩免费视频播放| 亚洲综合精品网站| 自怕偷自怕亚洲精品| 亚洲风情亚Aⅴ在线发布| 日本一道本不卡免费| 日韩电影免费在线观看视频 | 成人免费看吃奶视频网站| 精品国产人成亚洲区| 亚洲一区二区三区在线网站|