NEWS
KraussMaffei gains from listing in China
The KraussMaffei Group has completed its listing on the Shanghai stock exchange and is moving forward with its plans in China, which include manufacturing injection moulding machines there for the local market. As part of the share
listing, KraussMaffei’s majority owner ChemChina transferred its stake to a listed subsidiary, Qingdao Tianhua Institute of Chemis- try Engineering (THY). This will give KraussMaffei full access to the Chinese capital markets. THY has taken over ChemChina’s production site in Sanming. “With the additional
production site in Sanming, we can further expand our presence in China. At the same time, we will drive our international business from Germany,” said Frank Stieler, CEO of KraussMaffei. He added that access to the Chinese capital market will contribute to the company’s ‘Compass’ strategy to expand its business models, especially in digital services. In July 2018, KraussMaffei
Sweden’s KB buys in Canada
In January, KraussMaffei executives visited the University of Duisburg-Essen in Germany for the handover of a PX 120-380 injection moulding machine to the plastics engineering faculty
launched its Digital Service Solutions business unit for this purpose. KraussMaffei will still be based in Munich, with German co-determination rights and no change to its legal status or employee and union agreements. The rights to technologies also remain bundled in Germany. The group also an- nounced plans to relocate its main plant and corporate HQ from Munich’s Allach
district to Parsdorf/Vatter- stetten, just east of the city, starting in 2022. Four new factory halls, a tech centre and two office buildings will be built, occupying a total area of 250,000 m². Krauss- Maffei said it will follow a “smart factory concept” which it expects will achieve “a substantial increase in productivity through digitali- sation and state-of-the-art logistics”. �
www.kraussmaffei.com
As a part of the recon- struction of the Vari-Form Group, Sweden’s KB Components has acquired the assets of PM Plastics based in Wind- sor, Canada, and re- named it KB Components Canada. The new entity will have sales of $10m per year from a facility with 20 injection mould- ing machines of up to 500 tonnes. KB Compo- nents already serves one of the site’s major customers, Kautex, in China and Mexico. “A global presence is a necessity for many of our customers and through the establishment of KB Components Canada, we will offer production in Sweden, Lithuania, Slovakia, China, Mexico and Canada,” said company president Stefan Andersson. For PM Plastics’ customers, he added, this will create access to increased R&D, production capacity and technological know-how. �
www.kbcomponents.com
Dri-Air expands US manufacturing
Ancillary equipment group Dri-Air Industries has announced a “significant addition” to its main facility at East Windsor, Connecticut, US. This will increase manufacturing and warehousing capacity by about 50% and will “allow us to stock larger hoppers and components for our fastest growing seg- ment, our large dryer market,” said president Jason Sears. It will also boost the company’s ability to integrate manufacturing of all dryer
8 INJECTION WORLD | January/February 2019
parts in one facility for faster lead times. Dri-Air mainly supplies dryers for custom drying and conveying systems, which are used by plastic injection and extrusion processors. The company’s recent growth has been driven by the need for manufactur- ers to reduce energy use, which is offered by its closed-loop temperature-based regeneration process. �
www.dri-air.com
www.injectionworld.com
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