Krauss-Maffei Corporation, the US subsidiary of the KraussMaffei Group with headquarters in Florence, Kentucky, celebrated its 50th anniversary on May 18 and 19 with more than 400 customers. The company has grown continuously since it was founded in 1966 and has established itself as a leading provider of machinery for plastics
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-Sales totalling 1.354 billion euro and greater than expected performance in all the main business areas -Continuing growth on international markets thanks to carefully targeted action in several countries -Highly positive feedback from recent strategic takeovers. With sales of 1.354 billion euro and a net result higher than that of the
Read moreOn May 10, the Minister of Environmental Affairs Ms. Edna Molewa officially unveiled Mpact Polymers in Wadeville, Germiston, South Africa. The new bottle-to-bottle facility will produce recycled polyethylene terephthalate (rPET). The R350-million state-of-the-art operation’s recycling process complies with European Union (EU) Food Safety Authority specifications and is the first in Africa
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At its headquarters in Dortmund, the KHS Group has provided approximately one thousand square meters of new space for the expanding Direct Print innovation team. The Direct Print space includes a dedicated area for sample printing, as well as space for industrial validation platforms for confirmation and extended testing of new
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R&B Plastics Machinery LLC, a leading manufacturer of blow moulding machinery, single-screw plastic extruders, and extruder process screws, and a machinery rebuilder, has announced the launch of the MAX 1800 series injection blow moulding (IBM) machine line which is designed to provide trouble-free operation and easy maintenance. The launch marks R&B’s
Read moreChina National Chemical Corporation (ChemChina) has successfully completed the acquisition of the KraussMaffei Group from Onex Corporation. All relevant regulatory approvals have been achieved. In the future, the KraussMaffei Group will be ChemChina’s principal business entity in the operating and managing of related machinery enterprises. According to Jianxin Ren, Chairman of
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Milacron Holdings Corp. recently completed another round of expansions to their injection, blow and extrusion moulding machine manufacturing facility in Ahmedabad as well as their hot runner manufacturing facility in Coimbatore, India. The completed addition to the Ahmedabad facility added an additional 9,304m2 bringing the total footprint to 65,000m2. The additional
Read moreConstantia Flexibles Group GmbH, manufacturer of flexible packaging products and labels, is publishing its Annual Report 2015 under the motto “A Global Growth Story”. The report is immediately available on the company’s website and the print version can be requested from the company late May. In 2015, Constantia Flexibles reported sales
Read morePetainer UK Holdings announced that it has signed a binding agreement with KKR Credit for a €100 million debt and equity investment. The funding from KKR Credit will be used to refinance the Company’s capital structure and also finance the implementation of the Company’s growth strategy. Next Wave Partners will remain
Read morePET recycling company Sorepla, Neufchâteau, France had to appear in Epinal Commercial Court on April 19 to judge whether the company could continue its activities. According to French media, the case was postponed to May 10. The company is looking for a buyer since several years. In 2013, the company already
Read moreErema has followed on from its 20% increase in turnover in 2014/15 and, thanks to 5% growth with 122 million euros in the 2015/16 financial year, has achieved the highest turnover in the history of the company. Despite circumstances being economically and politically challenging due to the low oil prices, Erema
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