MOSCOW (MRC) -- Munich, Germany-based KraussMaffei Group will transfer its KraussMaffei High Performance AG business into an independent unit operating under the Netstal name on 1 October, said Canplastics.
The new subgroup will manage the Netstal new machines and service business worldwide from its subsidiaries, according to KraussMaffei CEO Michael Ruf.
"With this step, we are taking into account the wishes of our customers and reuniting the NETSTAL brand and the Netstal organization under a common name,” Ruf said in an Aug. 13 news release. “We are convinced that in the future Netstal will be able to respond to customers and their applications with even greater focus than before and offer them the added value for which the Netstal brand has stood for many decades."
"The markets served by Netstal have proven to be crisis-proof even during the pandemic,” the news release continued. “KraussMaffei therefore anticipates strong growth in these areas, particularly in the medical as well as the PET segments. Here, Netstal offers a machine series with the new PET Line that provides unique added value."
As MRC informed earlier, in July 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. Among the processes presented were LSR processing, colorform and metal injection molding as well as special applications such as precision injection molding, optical lenses and freely sprayed high-gloss surfaces.
As per MRC, Russia's output of chemical products rose in June 2021 by 10.2% year on year. However, production of basic chemicals increased year on year by 8.2% in the first six months of 2021. According to the Federal State Statistics Service of the Russian Federation, polymers in primary forms and synthetic rubbers accounted for the greatest increase in the output in January-June 2021. Production of benzene dropped to 108,000 tonnes in June 2021 from 119,000 tonnes a month earlier. Overall output of this product reached 695,900 tonnes over the stated period, down by 3.3% year on year.
Krauss Maffei, the world's only provider of turnkey equipment for injection molding, extrusion and reaction technology, has merged its business divisions as well as the former brands KraussMaffei, KraussMaffei Berstorff and Netstal, under the auspices of the single brand KraussMaffei.