KraussMaffei Celebrates 50 Years in the U.S.
Krauss-Maffei Corporation, the US subsidiary of the KraussMaffei Group, Munich, Germany, with headquarters in Florence, Kentucky, celebrated its 50th anniversary on May 18 and 19 with more than 400 customers. The company has grown continuously since it was founded in 1966 and has established itself as a leading provider of machinery for plastics and rubber processing in the North American market. It currently represents the three brands: KraussMaffei, KraussMaffei Berstorff and Netstal.
"We are very proud of what we have achieved and of our success since the company was founded in New York in 1966. With over 200 employees, we are providing support to our customers in all three technologies – injection molding, reaction process and extrusion technology. The 2015 financial year was very successful for all three brands and we are also expecting great results in 2016," emphasized Paul Caprio, who has headed Krauss-Maffei Corporation since 2009.
The North American automotive sector is a particularly important growth engine. In lightweight design for example, customers of the brand KraussMaffei can benefit from efficient solutions for manufacturing fiber-reinforced plastic components based on both thermoset and thermoplastic matrix systems. The decision of many US companies not to relocate their production to low-wage countries has also accelerated growth. This trend is also reflected in the current order situation of Krauss-Maffei Corporation – approximately 30 percent of the incoming orders come from US customers.
Apart from the Automotive sector, Caprio also sees a great demand in the Logistics/Packaging sector, particularly for industrial size packaging like pallets and large containers. The construction industry and the bulk chemical sector are Krauss-Maffei Corporation's third pillar of growth. In these areas, extrusion technology system solutions are particularly in demand, especially for the production of roofing sheets, foamed insulation panels as well as pipes and profiles.
Krauss-Maffei Corporation was founded in New York in 1966. Its market acceptance rose rapidly beginning in 1977 when the company opened an extrusion systems plant in Wichita, Kansas, and accelerated the sale of products on the US market. This included single and twin-screw extruders for machines and systems in pipe extrusion (polyolefin and PVC) and profile extrusion. In the early 1980s, the company began to sell high-quality injection molding machines in the US. "In order to be able to grow, we opened a new complex with offices and a production plant in Florence, Kentucky, in 1986. We combined our entire corporate activity regarding injection molding, reaction process and extrusion technology in one location and have continued to further develop it to this day," Caprio explained.
KraussMaffei Technologies GmbH
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