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KION To Invest Double-digit Mln Euros To Increase Production At Reutlingen Site

KION Group AG (KGX.DE), a German maker of materials handling equipment, said on Monday that it is investing double-digit million euros to further boost its production in Reutlingen site.

Rob Smith, CEO of KION Group, said: "By expanding the production by some 60 percent, we are sending an important message about the future. We expect to see sustainable market growth in the field of narrow aisle trucks and vertical order pickers and have planned accordingly…"

Once the concerned bodies give their nod, the Group expects to start construction in fall 2023, with the expanded production facilities in operation from 2025.

The company expects that the planned expansion will protect the 400 existing jobs and enable new opportunities.

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