SHANGHAI, May 30, SinoCast -- Linde China has completed commissioning of the second hydraulic motor production line, which is scheduled to pass examination by Germany in June. The company's core hydraulic part and component business has been established in China and has realized production in the country.
Linde China, of which 51% is held by Germany's Linde Hydraulics and 49% is held by China's Weichai Power, is Linde Hydraulics' R&D, manufacturing and sales base for China, Southeast Asia and South Asia.
Weichai Power has taken over 38.25% equities in KION and 90% equities in Linde Hydraulics with roughly EUR 1.17 billion since 2012 in order to gain global top hydraulic technologies.
Weichai Power signed a strategic alliance agreement with KION on August 31, 2012, spinning off Linde Hydraulics and taking helm of it. Weichai Power's holdings rose to 30% after KION listed a year later; Weichai Power became the first majority shareholder.
Linde China was established in Shandong in 2014. It will build six production lines and ten testbeds by 2018 and will be capable of manufacturing all-series Linde hydraulic products.
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