Battenfeld: Stake Purchased
Battenfeld Extrusionstechnik GmbH, Bad Oeynhausen/Germany, together with its American subsidiary American Maplan, McPherson, KS/USA, has purchased a 14% share of the stock exchange-quoted Kabra Extrusionstechnik Ltd., Mumbai/India. Kabra Extrusionstechnik is the biggest manufacturer of extrusion lines on the Indian subcontinent. With over 20 % market share in pipe and profile extrusion, Battenfeld Extrusion, part of the plastics technology division of the SMS group, Dusseldorf/Germany, is a world leaders in this sector. The two companies already have a long-term partnership deal according to which Kabra has manufactured extruders under licence from Battenfeld for many years.
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