Germany-based Kion Group Reportedly to Expand Production at Summerville, South Carolina, Plant
01/22/2019
According to an interview with Kion’s CFO Anke Groth in CFO Journal, WSJ’s newsletter, “about half of the 3,000 vehicles that the Frankfurt-based company sells in the U.S. each year come from China, where Kion operates two forklift manufacturing facilities.”
Kion has about 3,000 employees in the U.S. Its Dematic business sells supply chain automation technology. “It is worth exploring ways to expand our production in the U.S. to avoid tariffs,” Ms. Groth said. “The company is searching for additional U.S.-based suppliers that could provide its factory in Summerville with parts.”
The U.S. tariffs cost Kion a few million euros last year, Groth told the publication. “In 2019, this amount will be higher.”
Project Announcements
Geartek Expands Corinth, Mississippi, Production Operations
05/03/2024
Bekaert Expands Van Buren, Arkansas, Production Operations
05/03/2024
ESS Technologies Expands Montgomery County, Virginia, Operations
05/02/2024
Martin’s Famous Potato Rolls and Bread Expands Franklin County, Pennsylvania, Operations
05/02/2024
StandardAero Expands Augusta, Georgia, Operations
05/02/2024
Nextracker-JM Steel Expand Leetsdale, Pennsylvania, Operations
05/01/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024