Germany’s Kion Group aims to become world leader of industrial trucks

Germany’s Kion Group aims to become world leader of industrial trucks
FRANKFURT, March 20 (Xinhua) — Kion Group, one of the world leading truck firms, on Thursday released financial results for the year 2013 and announced it aimed to become world leader of industrial trucks.
The Kion Group based in the city of Wiesbaden in Germany, reported consolidated revenue of 4.495 billion euros (6.193 billion U.S. dollars), slightly down from 4.56 billion euros in 2012.Its operating profit, on the other hand, rose by 2 percent to its highest level of 416.5 million euros. It achieved net income of 138.4 million euros, down from 161.4 million euros in 2012.
“In 2014, we want to capitalize on our strong position in the market for new trucks and on the comprehensive network we have built up for our global service business in order to generate further profitable growth,” said Gordon Riske, Chief Executive Officer of the Kion Group.
It unveiled a plan called Strategy 2020, under which the company aimed to become the industry leader worldwide and a significantly higher return on capital employed.
“Asia, especially China, plays a central role in the Kion Group’s growth plans,” said a press release of the company.
The Kion Group has six brands of Linde, STILL, Fenwick, OM STILL, Baoli and Vol, and is the global number two in the industry.

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Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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