Linde Hydraulics Enters Joint Venture in China

The German Linde Hydraulics GmbH & Co. KG and Chinese Weichai Power Co., Ltd., registered Linde Hydraulics (China) Co. Ltd. in March 2015 in Weifang, China. The German specialist in hydraulic drive systems controls 51% of the shares; Weichai Power, as one of the leading companies in the global commercial vehicle space, holds 49% of the business. (Weichai Power already owns 70% of Linde Hydraulics through a purchase in 2012). The joint venture will start operations with a sales and service center, while local assembly and manufacturing are scheduled to start production in May 2015. The company plans to employ up to 300 workers at the Weifang location.