KraussMaffei reporting strong results in Mexico

By Stephen Downer
Correspondent

Published: March 15, 2013 2:09 pm ET
Updated: March 15, 2013 2:20 pm ET

Image By: Stephen Downer Héctor Moreno

Related to this story

Topics Mexico, Injection Molding, Machinery, Plastimagen
Companies & Associations KraussMaffei AG

MEXICO CITY — KraussMaffei Technologies GmbH enjoyed its best-ever year in Mexico in 2012 in sales terms, according to Héctor Moreno, managing director of the Munich-based company's Mexican subsidiary.

While declining to go into detail, he told reporters at the Plastimagen México trade show on March 12 that sales of new presses in the country totaled $350 million last year and KraussMaffei's share was 10-12 percent.

In an English-language news release, KraussMaffei referred to the "impressive success story in Mexico," where the subsidiary, KraussMaffei de México S de RL de CV, was established in 1999.

According to a company source, Mexico now ranks as KraussMaffei's third most lucrative market for injection molding presses, after the United States and Germany.

In Mexico, 40-50 percent of the company's business is with the automotive industry, with the packaging, construction and electronics and home products sectors also figuring prominently, according to Moreno.

At Plastimagen in Mexico City, KraussMaffei demonstrated live a GX 450-4300 press, which produces disposable spoons with a 32-cavity mold.

"Our customers are primarily interested in the modular automation cells with linear and industrial robots in different configurations, as well as in the efficient variants of the GX series, which are ideally suited to the production of free falling packaging/logistics parts and applications in the consumer goods sector," Moreno said in a separate news release.

Among the staff on the KraussMaffei stand at Plastimagen was Imre Szerdahelyi, head of corporate communication and marketing of the KraussMaffei Group, indicating the importance KraussMaffei, which also markets extrusion and reaction process technologies in Mexico, is giving to Latin America.

In August 2011, KM had said that the company's sales of new injection molding machinery in Mexico in the first seven months of that year totaled roughly $22 million, slightly up on 2010.


Comments

KraussMaffei reporting strong results in Mexico

By Stephen Downer
Correspondent

Published: March 15, 2013 2:09 pm ET
Updated: March 15, 2013 2:20 pm ET

Post Your Comments


Back to story


More stories

Image

German electronics firm expanding in Hungary

April 22, 2014 9:46 am ET

German electronics manufacturer Provertha GmbH has announced plans to set up a new plastic galvanizing plant at the Kapuvár Industrial Park, in...    More

Image

Cambro investing $30.4 million in new N.C. injection molding plant

April 18, 2014 2:36 pm ET

Foodservice products manufacturer Cambro Manufacturing Co. Inc. plans to set up a satellite production and distribution operation in Mebane, N.C., to ...    More

Image

Increased orders prompt Georg Utz to add capacity, equipment in Indiana

April 18, 2014 12:20 pm ET

Plastic totes and tray orders have picked up to the point where manufacturer Georg Utz Inc. has added machines, silos and material feed systems to...    More

MGS buying N.Y. medical molding plant from Hospira

April 17, 2014 10:19 pm ET

MGS Manufacturing Group is purchasing the Buffalo, N.Y., injection molding facility and related product line of Hospira Inc., effective July 1. Terms ...    More

Image

German auto supplier Dr. Schneider opens second US plant

April 17, 2014 12:57 pm ET

Dr. Schneider Kunststoffwerke GmbH, a German supplier of plastic interior auto parts, has opened a $29 million manufacturing plant in Russell Springs,...    More

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook – North America

This in-depth report provides analysis and discussions of economic and political conditions, market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as strategies being implemented by thermoformed packaging companies. In addition, there are reviews of 25 leading thermoformers in the packaging segment, assessing their growth initiatives and performance metrics over 10 years.

Learn more

Automotive Market Review and Outlook 2014 – The Americas

This 75-page report features in-depth analysis of the automotive industry for the Americas. It includes discussions of market trends, legislative/regulatory activity impacting production and threats as well as design strategies being implemented by the major automakers. Detailed charts and data tables outline North American automotive production over the last five years.

Learn more

Plastics Building & Construction Market Review and Outlook 2014 with MS Excel chart data

This report provides in-depth analysis of the plastic building and construction market for North America, including discussions of trends, opportunities, threats and the latest developments in construction trends that impact plastics processors.

Learn more

Upcoming Plastics News Events

May 6, 2014 - May 8, 2014Plastics in Medical Devices 2014

May 12, 2014 - May 12, 2014Plastics News Brazil Pharma Summit

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

February 3, 2015 - February 7, 2015Plastics News Executive Forum 2015

More Events