NEWS Maag Group bolts on Ettlinger
Gear pump, pelletising and filtration systems maker Maag Group has acquired Ettlinger Kunststoffmaschinen, a German manufacturer of filtration systems and low pressure moulding machinery. Swiss-headquartered Maag said the Ettlinger filter business, that until now was majority-owned by its CEO Volker Neuber, complements its existing activities – which include the Maag gear pump, Automatik Scheer and Gala Automatik pelletising systems, and Reduction pulverising products. The two firms will continue to operate under their existing brand names. “This expansion is an exciting idea. Bundling the products and strengths of Maag and
Ettlinger will deliver a new breadth of custom solutions for plastic filtration,” said Maag Group President Ueli Thuerig. The move also takes Maag Group into a new business area through Ettlinger’s specialist machinery for low pressure injection moulding of large parts. Maag Group has production sites in its home base of Switzerland as well as Ger- many, Italy, the US and China. Ettlinger manufactures in Germany. �
www.maag.com
Expansions completed at Orion
Carbon black producer Orion Engineered Carbons has completed construc- tion of a new production line at its plant in Yeosu, South Korea, and has begun commercial sales. The line will make pre- mium grades of speciality carbon black for applica- tions such as automotive coatings, engineered plastics and sealants. The Yeosu Plant has also just completed a major upgrade to a technical rubber carbon black production line. This line is also now back in commer- cial production. The company described
both projects as major components of the consolidation of its Bupyeong plant into Yeosu, a process which is due to be completed by July. �
www.orioncarbons.com
www.compoundingworld.com
KraussMaffei Berstorff’s ZE Performance extruders are built in China
KraussMaffei to list in Shanghai
ChemChina is seeking to list its KraussMaffei subsidiary onto a stock exchange in China. The company said the move will enable KM to accelerate its growth through access to the Chinese capital market. ChemChina will retain majority control. The plan is to bring
KraussMaffei into the Qingdao Tianhua Institute of Chemistry Engineering, another ChemChina subsidiary that is already listed on the Shanghai stock exchange. Three tyre and rubber sites will also be brought into the new operation, although
KraussMaffei would consti- tute about 85% of the total business. The proposals are subject to regulatory approval. “Through a future listing on the Shanghai stock exchange, the perception of KraussMaffei will significant- ly increase in the Chinese market. Chinese investors appreciate German indus- trial workmanship as well as management competency,” said Jianxin Ren, chairman of ChemChina. KraussMaffei will remain
headquartered in Munich and its German codetermi- nation rights, the legal form
of the company, as well as all employee and union agreements will remain unchanged.
KM employee represent-
atives and the IG Metall union said that they wel- comed the step, which they believe will secure growth and jobs in Germany. KM increased its rev- enues by 5% to €1.27bn in 2016. The company said it expects to generate sales of more than €1.3bn in fiscal 2017 and to add 350 new jobs, having crossed the 5,000-employee mark in August 2017. �
www.kraussmaffeigroup.com
January 2018 | COMPOUNDING WORLD 7
PHOTO: ETTLINGER
PHOTO: KRAUSSMAFFEI
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