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The ceremony took place in front of the Cogall booth at the IAA Commercial Vehicles Fair. Mr. Tan Xuguang, Chairman of Weichai Holding Group, and Mr. Ulrich Hu Bawul, the holder of Kagel, attended the ceremony and signed a letter of intent.
Mr. Ullrich Hubacher said: “Today is also an important milestone for the traditional brand of Kagel. For decades, Cogell has formed a good reputation in China with high-quality semi-trailers. In the future, We will continue to work hard. Weichai is our right partner.â€
Mr. Tan Xuguang said here: Weichai has abundant resources and has three gold industrial chains, heavy trucks, passenger cars and yachts, with the power system as the core. Through cooperation with Kagel, Weichai's product line will be further expanded, which will help form a more reasonable product layout. With the help of China's vast market space and cost advantages, cooperating with Kaugel will quickly develop a new profit growth point for the Group and further enhance the Weichai brand's international influence.
â— About Kagel Kagel is one of the three largest semi-trailer manufacturers in Europe. Since its establishment in 1934, the company has produced more than 500,000 semi-trailers. With solutions in the commercial vehicle and transportation and construction industries, the company has over 75 years of engineering mark quality - "Made in Germany". The head office and main production site of Cogger Trailer Co., Ltd. is located in Buttenbach, Bavaria. In addition, there are factories in New Ulm, Duinen, Chaoyang (CZ), Moscow (Russia), St. Petersburg (Russia), and Turkey. And the base, with about 1,000 employees worldwide, had sales of about 250 million euros in 2011.
â— Introduction to Weichai Holding Group Co., Ltd. Founded in 1946, Weichai is currently one of the most powerful automobile and equipment manufacturing groups in China. The Group has more than 50,000 employees worldwide and achieved an operating income of 98.3 billion yuan in 2011, ranking 93rd among the top 500 Chinese companies in 2011, 35th among China's top 500 manufacturing industries and 7th among the top 500 Chinese machinery industries in 2011. , China's top 100 enterprises in the machinery industry.
Weichai Group is the only company that owns four business platforms including vehicle, powertrain, auto parts and luxury yachts at the same time. It is an international company with cross-domain and cross-industry operations, with molecular companies in Europe, North America, Southeast Asia, etc. In the region, wholly-owned or controlled subsidiaries have been established in eight provinces and cities including Shandong, Shaanxi, Hunan, Hubei, Chongqing, Jiangsu, Shanghai and Beijing. Group Holding Subsidiary, Weichai Power Co., Ltd. is an A+H listed company and the only enterprise group in China that has a power system (engine, transmission, axle), heavy-duty vehicles, automotive electronics, and parts gold industrial chain. ;
Another holding subsidiary, Weichai Heavy Machinery Co., Ltd., covers a full range of large, medium and small ship power and power generation equipment product platforms, and was listed on the Shenzhen Stock Exchange in April 2007. Among them, Weichai Power was listed on the Shenzhen Stock Exchange through stock swap absorption and the merger of the Hunan Torch, becoming the first blue chip stock to return A shares from H shares through merger swaps and mergers, thus creating a “weldwood model†on the capital market.
On January 10, 2012, Weichai reorganized Ferretti, the world's largest luxury yacht manufacturer, and began to enter the world's top yacht manufacturing industry, further extending the industrial chain, marking the industrial restructuring and internationalization of the company. A solid step.
Shandong Heavy Industry Group is one of the most influential corporate groups in the world. It integrates the best quality power system and engineering machinery resources in China and builds a platform for the development of a multi-billion-dollar enterprise. The group's members include four listed subsidiaries: Weichai Power, Weichai Heavy Machinery, Yaxing Bus and Shantui Construction Machinery. In 2011, the Group achieved a turnover of 122.5 billion yuan (19.4 billion US dollars, 15.4 billion euros), a profit of 8.6 billion yuan (1.4 billion US dollars, 1.1 billion euros), and employs approximately 60,000 people worldwide.
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