Krisanda to Leave Milacron Holdings
On April 13, 2017, Milacron Holdings said in an SEC filing that Ronald Krisanda will resign from his position as President and Chief Operating Officer effective June 30, 2017. Krisanda took the position at the largest U.S. plastics machinery manufacturer in 2013.
While no further details are given the company says that Krisanda has been instrumental in assisting with the company's global restructuring goals. These restructuring plans are well underway and have allowed the company to expand its footprint in growing geographic regions, such as India and China, as well as consolidate and expand its footprint in Europe and North America.
In related news, Shawn Reilley has been appointed to the position of President, Advanced Plastic Processing Technologies. Reilley was vice president and general manager of injection presses.
Milestone in India
Meanwhile Milacron Holdings announce the completion of a significant milestone in their India-based operations: the manufacture, sale and delivery of the 12,501st injection molding machine from the Ahmedabad, India manufacturing facility. The Milacron Magna Toggle 450 ton 2K machine was handed over with great celebration to Mr. Vagish Dixit – Managing Director, Alpla India Company.
Milacron CEO Tom Goeke stated, “India is a vital market for Milacron and it continues to impress. Milacron places great importance in the Indian market and we’re uniquely positioned to serve it in ways our competition simply cannot with our ability to deliver the entire spectrum of services to the plastics industry.”
Milacron India’s Ahmedabad facility completed its most recent expansion in 2016. The expansion allowed Milacron to increase its annual output of 1500 injection and blow molding machines to 2100 machines per annum, a 40% increase.
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