MOSCOW (MRC) -- Plastics equipment manufacturer KraussMaffei Group has named Jorg Bremer as its new chief financial officer (CFO), effective July 1, said Canplastics.
Bremer, 44, will also become the CFO of the Shanghai-listed KraussMaffei Co. Ltd. and a member of the KraussMaffei Group management board.
Most recently, Bremer was CFO and management board member of international mobility service provider Sixt SE; prior to that, he was the North American CFO of automotive supplier Brose Fahrzeugteile.
"We are delighted to have been able to recruit an accomplished manager as Jorg Bremer as CFO for KraussMaffei,” Dr. Michael Ruf, KraussMaffei CEO chairman of the management board, said in a May 25 news release. “His many years of experience in international companies are a great asset for us. I am firmly convinced that with his dynamism and competence we will achieve our ambitious growth targets."
As per MRC, Krauss Maffei opened its new plant in Jiaxing, with which the company plans to double its production capacity in China. More than 600 customers and partners came to the opening ceremony of the new Chinese plant. In an exhibition, they saw ten different machine types and 16 different applications. These included machines that are developed and manufactured in China for the Chinese market, such as the PX Agile series of electrical injection molding machines, the ZE GP-Agile twin-screw extruders and a mixing and dosing machine.
As MRC informed before, Russia's output of chemical products rose in March 2021 by 5.4% year on year. Thus, production of basic chemicals increased year on year by 6.7% in the first moths months of 2021. March production of polymers in primary form was 958,000 tonnes versus 861,000 tonnes in February. Overall output of polymers in primary form totalled 2,740,000 tonnes over the stated period, up by 8.5% year on year.
Germany-based KraussMaffei makes injection molding machines, extruders for pipe and profiles, compounding extruders, and polyurethane processing machinery.