KraussMaffei open house reflects growth

By Jim Johnson
Senior Staff Reporter

Published: May 28, 2014 4:40 pm ET
Updated: May 28, 2014 4:47 pm ET

Image By: Jim Johnson Manufacturing in the U.S. is "on fire," according to Paul Caprio, president of KraussMaffei Corp.

Related to this story

Topics Canada, Mexico, United States, Machinery, Molds/Tooling, Process Controls & Software
Companies & Associations KraussMaffei AG

FLORENCE, KY. — Recession? What recession?

Attendance was up by about 50 percent compared with last year at KraussMaffei Corp.’s recent open house in Florence, where the company shows off its machinery.

And those who were asked said they continue to be optimistic about the economy and business these days.

About 300 folks from all over the country showed up at the event that also showcased not only KraussMaffei machinery, but also goods —  think molds and auxiliary equipment, for example —  from companies that work closely with the company.

Think of it as a mini trade show on the KraussMaffei’s floor, with folks talking a whole lot about plastics.

KraussMaffei holds these kind of get-togethers when business is good.

And business, these days, is good, President Paul Caprio said.

“We see the manufacturing market on fire in the U.S., in Canada and Mexico, primarily driven by automotive. But with the unemployment rate going down, with more people spending their money, it hits all parts of the economy,” Caprio said while taking a break from the open house.

And when people are buying more cars and houses and do-hickeys made from plastic, companies are buying equipment from KraussMaffei to make the pieces and parts and pipe and such to make those cars and houses and thingamajigs.

“We’re continuing to see the market red-hot,” Caprio said.

Both Rudi Petrovic and Steve Szydlowski made the trip to Northern Kentucky for MGS Mfg. Group Inc., and had set up shop behind a table full of items showing off the company’s injection molding capabilities.

“We see 2014 as really a continuation of ongoing expansion in the business in general,” Szydlowski said. “We have, probably, a six-month backlog, so we have a feeling that 2014 is going to continue to be strong. We have no reason to believe it’s going to be anything other than that.”

Petrovic, who is vice president of sales for the Germantown, Wis.-based company, sees a general enthusiasm in the plastics industry.

Image By: Jim Johnson About 300 people attended KraussMaffei Corp.'s open house in Florence, Ky.

“Everybody’s upbeat. Everybody seems to be in a growth mode. People are buying machinery,” he said as folks milled around the open house.

A few tables down the aisle stood Cliff Drake with his display of mold and die change systems for EAS Mold & Die Change Systems Inc. of Menomonee Falls, Wis.

“The industry is fairly active for us. A great deal of our business is automotive related,” he said. So as long as the automotive industry remains strong, he said there will be work for his company.

“I think we’ll continue to be fairly strong. I don’t know if we’re going to grow more, but it’s going to continue to be very active,” Drake said.

Michael Bloomhuff has been president of Single Temperature Controls Inc. since 2008, when he started the U.S. arm of the Single Temperiertechnik GmbH of Germany.

The maker of liquid temperature control units, called thermolaters, is seeing strong business these days particularly with units being sold to mold high-temperature resins. Single’s units are used to control the temperature of molds.

“Right now, from what I see in automotive, from what I see in medical, from what I see in composites, it’s all positive,” Bloomhuff said.

A lot of the growth his Charlotte, N.C.-based company is seeing is due to the increasing demand for thin wall and lighter weight products, he said.

Single Temperature Controls has grown to seven employees in the United States after starting out as a one-man show in a spare bedroom six years ago.

Bloomhuff’s enthusiasm also is not just limited to 2015.

“Certainly ’15 looks promising, ’16 does, too. I think momentum looks strong. I’m encouraged by the next couple of years,” Bloomhuff said.

For KraussMaffei, 2013 was a record year for business, and the president expects that to be again the case for this year.

“We expect that it’s going to continue. And I would say we already see that 2015 will continue that pace, so we are super optimistic,” he said.


Comments

KraussMaffei open house reflects growth

By Jim Johnson
Senior Staff Reporter

Published: May 28, 2014 4:40 pm ET
Updated: May 28, 2014 4:47 pm ET

Post Your Comments


Back to story


More stories

Image

Judge limits scope of jury verdict against JM Eagle

December 19, 2014 2:30 pm ET

A federal judge in Los Angeles said Dec. 18 that last year's jury verdict issued against J-M Manufacturing Co. — now JM Eagle — for...    More

Image

Jarden hiring for new plastics plant

December 19, 2014 1:45 pm ET

Consumer products conglomerate Jarden Corp. is hiring plastics technicians for a new operation in Erlanger, Ky.    More

Image

The return of HPM's big presses

December 19, 2014 11:47 am ET

HPM is back in big injection molding machines.    More

Image

Antimicrobial polymers firm TiFiber launching pilot production in Ark.

December 19, 2014 10:58 am ET

TiFiber Inc., which makes synthetic compounds to control dangerous microorganisms, will locate a pilot production facility and its future company...    More

Image

Spray PU foam aids in NASA launch

December 19, 2014 9:22 am ET

NASA's test of the Orion spacecraft earlier this month took advantage of spray polyurethane foam insulation from North Carolina Foam Industries (NCFI...    More

Market Reports

Flexible Packaging Trends in North America

Our latest RESEARCH report examines trends in FLEXIBLE PACKAGING impacting the North American market including a review of economic conditions, key drivers of growth, materials pricing, M&A activity, sustainability challenges and the outlook for 2015.

Learn more

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

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