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Keywords of this article:  injection molding 
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KraussMaffei is now with access to the Chinese capital market.
KraussMaffei is now with access to the Chinese capital market.

The KraussMaffei Group completed its listing on the Shanghai Stock Exchange on December 28/29, 2018. The listing occurred through the transfer of ChemChina’s stake in KraussMaffei to ChemChina’s majority owned subsidiary THY (Qingdao Tianhua Institute of Chemistry Engineering), which is listed on the Shanghai Stock Exchange.

KraussMaffei generates more than 80% of the approximately 1.5 billion revenue of the total entity. Dr. Frank Stieler and Dr. Harald Nippel, CEO and CFO of KraussMaffei, will lead the new integrated mechanical engineering company. The combined business will operate under the brand KraussMaffei.

KraussMaffei will continue to lead its business from the company headquarters in Munich, Germany. The German codetermination rights, the legal status of the KraussMaffei Group GmbH as well as employee and union agreements remain unchanged. The rights to technologies also remain bundled in Germany.

In addition, THY has taken over ChemChina’s production site in Sanming, China. New injection molding machines for the Chinese market will be manufactured at this site in the future.
Dr. Frank Stieler, CEO of KraussMaffei, in Shanghai.
“We are very happy – something big is being created! We now have the opportunity to drive our growth even faster and better. The listing provides us with access to the Chinese capital market. This step will significantly strengthen us in China as well as globally,” said Dr. Frank Stieler. 

Seeking to accelerate growth

The access to the Chinese capital market enables KraussMaffei to further accelerate its growth. The access to new financial resources is to contribute to the strategy “Compass”.

“We are expanding our product portfolio with new machinery series for volume markets and are broadening our digital services business. We are rapidly advancing local business models, especially in China,” explained Stieler.

With the strategy “Compass”, KraussMaffei is focusing on expanding its business models, especially in the area of digital services. In July 2018, the company launched the new Digital Service Solutions business unit for this purpose.
Since April 2016, ChemChina has been the majority owner of KraussMaffei.
KraussMaffei intends to significantly expand its presence in China. The company will take on the operational responsibility for the integrated production site in Sanming, China. The site will produce newly developed injection molding machinery for the local Chinese market.

Due to the rising demand for such products with high quality standards, KraussMaffei is expecting an annual sales growth of over 20% (CAGR) in China in the coming years.

ChemChina remains majority shareholder of THY

Since April 2016, ChemChina, the leading Chinese chemicals company, has been the majority owner of KraussMaffei. ChemChina remains majority shareholder of KraussMaffei via THY and will continue to support the future growth of the company. ChemChina’s shares in THY are subject to a holding period of three years.

THY is a leading design institute and specialty engineering company for components required in chemical plant construction. The existing business of THY will be continued.

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