KraussMaffei moving machining out of Netstal

By Bill Bregar
Senior Staff Reporter

Published: September 5, 2013 12:23 pm ET
Updated: September 5, 2013 1:32 pm ET

Related to this story

Topics Machinery, K 2013, Business News & Features
Companies & Associations KraussMaffei AG, Netstal-Maschinen AG

KraussMaffei Group is discontinuing all machining operations at Netstal-Maschinen AG’s plant in Näfels, Switzerland, and the Swiss operation will do final assembly of pre-assembled components made at other KM factories, the equipment company announced Sept. 5.

Netstal’s focus will remain on fast-cycling, premium machines for packaging, medical and other high-precision markets, KM officials said.

KM also announced that Näfels will retain Netstal’s technical people, research and development, application engineering and sales and service. And the group will move KraussMaffei’s line of PETForm preform molding machines from KM’s headquarters in Munich, Germany, to Näfels.

Two industry sources said the end of machining means about 70-75 employees will lose their jobs at the Swiss plant. The plant employs about 415 people.

A KraussMaffei spokesman said KM official are not giving out layoff numbers. The move will happen step-by-step.

Netstal CEO Hans Ulrich Golz said in a prepared statement that the goal is strengthening the position of Netstal as a premium brand, boosting the business unit’s global competitiveness and innovation “in an ever-competitive market environment with intense cost pressure.”

Toronto-based private equity giant Onex Corp. bought KraussMaffei Group in late 2012, from Madison Capital Partners. The cost-cutting move comes just before two major trade shows in Germany — Drinktec in Munich Sept. 16-20 and K 2013 in Düsseldorf Oct. 16-23. Netstal will exhibit at both trade fairs, rolling out two new models from its Elion series, one with a hybrid drive and an all-electric press.

“In the course of the planned structural realignment, machining and module preassembly will gradually be transferred to sister plants within the KraussMaffei Group in Germany and Slovakia. This will allow growth of the final assembly area at Näfels,” Golz said in the news release.


Comments

KraussMaffei moving machining out of Netstal

By Bill Bregar
Senior Staff Reporter

Published: September 5, 2013 12:23 pm ET
Updated: September 5, 2013 1:32 pm ET

Post Your Comments


Back to story


More stories

Image

Munson Machinery expanding assembly, testing operations

July 22, 2014 2:02 pm ET

Munson Machinery Co. Inc. is expanding its headquarters factory by about one-third in Utica, N.Y., where the company makes mixing, blending and size-...    More

Image

Windmöller & Hölscher looking to continued growth in China

July 21, 2014 3:40 pm ET

With 2013 global sales of 600 million euros, China has grown into an important export market for Windmöller & Hölscher KG, second only to the United...    More

Image

Thermoforming Technology Group adds Lyle Industries to its portfolio

July 18, 2014 2:48 pm ET

Thermoforming Technology Group LLC has expanded its thermoforming equipment presence with the acquisition of Lyle Industries Inc.    More

Image

Infiltrator goes very large scale for injection press

July 18, 2014 1:45 pm ET

Infiltrator Systems Inc. has designed and built a mammoth injection press, with 6,000 tons of clamping force, to mold septic tank halves measuring 15 ...    More

Image

Milacron names Gallagher COO

July 17, 2014 1:41 pm ET

U.S. machinery maker Milacron LLC has named John J. Gallagher III as Chief Operating Officer for its Melt Delivery & Control Systems, Fluid Technologi...    More

Market Reports

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

Plastics Recycling Market Review & Outlook 2014

This special report from Plastics News examines the North American plastics recycling industry and provides insight into indicators that impact market viability, including Resin pricing trends for virgin and recycled market material and historical Resin production trends for post- consumer and industrial waste.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Upcoming Plastics News Events

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

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

More Events