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 Injection Molding, Machinery, Mexico, 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

2014 US machinery shipments up 6 percent

November 25, 2014 5:17 pm ET

Through the first nine months of 2014 U.S. shipments of primary plastics equipment — for injection molding, blow molding and extrusion —...    More

Image

Globalization brings sizable growth, primarily in Asia

November 25, 2014 1:40 pm ET

In 1990, the year after Plastics News published our first issue, there were 33,000 injection molding machines sold worldwide. Fast forward to 2013,...    More

Image

Taipei Plas vandal and German firm trade lawsuits

November 25, 2014 1:26 pm ET

Taiwan businessman Karma Tang, who splashed red paint at German firm Baumüller GmbH's Taipei Plas booth, is in a messy legal battle.    More

Image

Auxiliary equipment maker Ross expands in India

November 25, 2014 1:12 pm ET

U.S. auxiliary equipment maker Charles Ross & Son Co. is expanding in India, opening a new plant early next year in Pune.    More

Image

Uni Cap to build cap molding plant in Jordan

November 25, 2014 12:57 pm ET

The Persian Gulf's largest molder of caps and closures is investing $10 million in a new factory near Amman, Jordan, as part of an effort to boost its...    More

Market Reports

Plastics in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events