Germany Federline - Germany KraussMaffei Group Company was acquired by Sinochem Corporation in April 2016 and KraussMaffei achieved strong growth in performance in 18 months.
Sinochem's deal to buy the plastic-processing machinery maker in the country is 925 million euros and after the deal, Frank Stieler, chief executive of KraussMufi, said the company is eyeing the growth and potential of the Chinese market , Because of the strength of its controlling shareholder, KraussMaffei business in China is rapidly expanding.October 18th at the German Plastics Fair site press conference, Stiller said: 'This year, especially next year, we will be at Large-scale investment in China set up factories.
The company is located in Haiyan, Zhejiang, China's injection molding machine manufacturing plant almost doubled production is expected next year will increase capacity.China factory production GX series of double plate hydraulic injection molding machine, clamping force of 400-900 metric tons, but also the production of MX series, clamping force Up to 850-5600 metric tons.
KraussMaffei said its PX series all-electric injection molding machines are very popular in Germany, China and the United States, due to strong demand, production capacity will double by 2018. PX series can be customized according to customer needs, customers can match the combination Clamping force and injection molding device, according to the specific needs of a custom injection molding machine clamping force between 50-200 tonnes.
Hans Ulrich Golz, president of KraussMaffei Injection Molding Division, said the company is also building a PX injection molding machine in Slovakia where the plant will also be expanded.
Orders and sales in 2017 increased 10% from the previous year, with total sales of EUR 860 million as of August 2017. In 2016, the company's total sales were EUR780 million.
KraussMaffei attributes growth to digitalization, new technology and services, and continued investment in three Chinese plants, which, after being acquired by Sinochem, have seen a 14% increase in worldwide workforce of more than 5,000.
In addition, KraussMaffei has introduced a new 'lease' injection molding machine that leverages all KraussMaffei and Netstal standard injection molders with clamping forces up to 300 metric tons. The company is in the German market Stiller said: 'Today, we can choose to buy or rent a car, but the machine does not work.' But KraussMaffei is using this approach, the lease is generally four years, customers can use the latest Without having to pay the high cost of new machinery.At the end of the lease, customers have the option of buying machinery, or they can choose to return it to KraussMaffei for the lease of a new injection molding machine.
According to the company, market analysis shows a huge potential for second-hand injection molding machines, and Stiller said he is "very hopeful" of the rental program.