NEWS
Decorative moulder acquired
Thunderbird of Elk Grove Village, Illinois, in the US, has acquired the assets of Williams Industries, of Shelbyville, Indiana, a sup- plier of plastic injected moulded drinkware and custom art and design services. The company is being
renamed Williams Plastics but the manage- ment team is staying in place. Thunderbird will direct it toward an improved and ISO certified quality system, streamlined management reporting and inventory management.
Williams has a 13,900 m2
facility and its main capabilities are injection moulding on 225-545 tonne machines, in-mould decorating, high volume, multi-material and insert moulding, among others. It also has many different printing capabilities. �
www.thunderbirdllc.com
KraussMaffei’s sales helped by access to Chinese market
The KraussMaffei Group said that it “achieved excellent results, strengthening its foundation for future global growth” in 2017. This was a record year for the group, with sales up 8% to a new record of €1.37bn, thanks to demand for new technologies and services, and “powerful impulses from China”. Growth from 2016 in new orders was 6%. CEO Frank Stieler said:
“Improved access to the Chinese market thanks to our owner ChemChina played an important part in this. Our products in the injection moulding and reaction process technology segments in particular benefited greatly from growing Chinese demand. We intend to adapt our product series more to take account of regional require- ments.”
KraussMaffei GX injection moulding machine
During 2018, KraussMaf- fei plans further investment growth, driven mainly by global megatrends like digitalisation and automa- tion. The focus will be on the machine fleet, IT infrastruc- ture and software. Capital investment of about €67m will be over 81% up on 2017 levels. The group also plans to define a new strategic focus with its ‘Compass’ project, which, Stieler said, “will make it possible to develop new products and services for digital solutions and new business models in times of accelerated global techno-
logical change”. Subject to official
approval, it will also be listed on the Chinese stock market, helping to raise the necessary capital for the planned investment. KraussMaffei subsidiary Netstal has launched a sales cooperation with industrial systems firm Rieckermann in seven South-East Asian countries: Indonesia, Cambodia, Malaysia, Myanmar, the Philippines, Singapore and Vietnam. The operation will be led by KraussMaffei’s Thai unit. �
www.kraussmaffei.com �
www.netstal.com
Bain Capital buys World Wide Packaging
Private equity firm Bain Capital is to acquire World Wide Packaging (WWP), a mainly Chinese-based maker of cosmetic packaging components, including jars and plastic tubes, as well as formulation and filling technologies. Terms were not disclosed. The senior management team will remain in place, under CEO Barry Freda. Bain has simultaneously agreed to purchase a Chinese cosmetics
packaging manufacturer and plans to merge the two companies. Established in 1980, WWP provides supplies packaging compo-
Tubes produced by World Wide Packaging 8 INJECTION WORLD | April 2018
nents, custom and stock moulding, and full service turnkey operations to the cosmetics and personal care industries. It is based in Suzhou and has offices on the East and West coasts of the US. Customers include Estée Lauder, L’Oréal, Shiseido, Dermalogica and Milk Makeup. �
www.wwpinc.com
www.injectionworld.com
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