Plastics Industry News
繁體 | 简体
Technology
Applications
CPRJ Webinar Ad
Main > Daily Market News > Article Content
| Print | Submit Article |
Last Page | More | Next Page
Keywords of this article:  injection molding 
To contact the supplier/company mentioned in this article, please email to:
mediaoperation@adsale.com.hk
More suppliers
Close
injection mold 
To contact the supplier/company mentioned in this article, please email to:
mediaoperation@adsale.com.hk
More suppliers
Close
injection mold 
To contact the supplier/company mentioned in this article, please email to:
mediaoperation@adsale.com.hk
More suppliers
Close
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.

Related Articles  
Breaking: ChemChina to list KraussMaffei o...
[CPRJ Direct] KraussMaffei repositions its...
KraussMaffei strongly focuses on the Chine...
Industrial equipment supplier Hillenbrand ...
[CPRJ Direct] CHEN HSONG establishes a new...
Proof of strength! Yizumi FoamPro solution...
Related Supplier
震雄营销(深圳)有限公司
震雄营销(深圳)有限公司
信易电热机械有限公司
CHUAN LIH FA MACHINERY WORK...
We are collecting readers' comment for improving our website. If you are willing to help, please CLICK HERE to complete a survey. Your comments matter.
Write a mail to the editor
Copyright © Adsale Publishing Limited. Any party needs to reprint any part of the content should get the written approval from Adsale Publishing Ltd and quote the source "China Plastic & Rubber Journal (CPRJ)", Adsale Plastics Website - www.AdsaleCPRJ.com. We reserve the right to take legal action against any party who reprints any part of this article without acknowledgement. For enquiry, please contact Editorial Department.  [Want to use this report?]
Name
Company Name
Job title
Email (will not be published)
Comment
Recent Comment
Legal Statement | Privacy Policy
Remarks: Publication of the comments is at editor's discretion.
Register a New Member
海天塑机集团有限公司
大东树脂化学股份有限公司
富强鑫精密工业股份有限公司
艾尔发集团
Automotive conf.
DAVIS-STANDARD, LLC
东华机械有限公司
裕克施乐塑料制品(太仓)有限公司
广东伊之密精密机械股份有限公司
信易电热机械股份有限公司
东莞市思为客自动化科技股份有限公司
泰瑞机器股份有限公司
COPERION GMBH
莱斯特瑞兹机械(太仓)有限公司
Medical conf.
Pack conf
上海ABB工程有限公司
万华化学(烟台)销售有限公司
阿科玛(中国)投资有限公司上海分公司
日钢注塑机維修(深圳)有限公司
欧瑞康巴尔查斯涂层(苏州)有限公司

Supplier Highlights