mpm: Momentous Reorganisation
A new strategic direction will be implemented within the mpm Group, the world’s leading manufacturer of machinery for plastics and rubber processing. First, Berstorff and Krauss-Maffei will merge their extrusion operations. The mpm holding will be integrated into the "new Krauss Maffei" in a second step. Netstal Maschinen AG will be a subsidiary of the new Krauss Maffei GmbH. Finally, Demag Plastics Group will remain an independent entity and be managed separately from the new Krauss Maffei. Richard C. Osborne will become the chairman of the advisory board. His successor as CEO and chairman of the management board will be Dr. Dietmar Straub who was a member of the executive board of Knorr-Bremse AG before joining mpm.
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