Brexit stockpiling fears give German forklift maker a boost
For Germany’s Kion Group AG, the prospect of a no-deal Brexit has a welcome upside. Companies operating in the U.K. fear that if Britain crashes out of the European Union without an agreement it could create shortages and they are stockpiling goods, feeding demand for Kion’s forklift trucks, according to CEO Gordon Riske. With global demand for industrial trucks cooling, that’s an unexpected boon and has underpinned the...
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