Weichai targets Linde Hydraulics factory in China by 2016

2731 Weichai Power is aiming to open a 6944 Linde Hydraulics technology production factory in China by 2016 following its recent investment in the German brand’s parent group. In September 2011 Weichai Power paid €738 million for a 25% stake in the German-based 6945 KION Group, and a 70% share of its highly successful Linde Hydraulics brand, as part of a strategic cooperation agreement.

Now the Weifang, Shandong Province headquartered leading Chinese automobile and equipment manufacturing group is keen to maximise its return on its investment by opening a Chinese manufacturing facility for the well-known Linde Hydraulics products such as hydraulic pumps and motors. The manufacturing site plan was highlighted during Weichai Power’s press conference at bauma China 2012. The deal is of note as many Chinese equipment manufacturers currently import hydraulic components that they fit to premium products, particularly those for export. But following this deal, Chinese OEMs will instead be able to source quality components made in the country. Weichai brand diesel engines are amongst the premier units of those produced in China.

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