FRIEDRICHSHAFEN, GERMANY (Nov. 21, 3 p.m. ET) — KraussMaffei AG generated record sales of 1.1 billion euros ($1.5 billion) for fiscal year 2010-2011, ended Sept. 30 — topping the old record of 1.05 billion euros in 2007-2008.
CEO Dietmar Straub announced the results at a news conference at the Fakuma show in Friedrichshafen. The Oct. 19 trade show news conference was the last one for Straub, the top executive at the Munich-based plastics machinery maker since 2007.
Jan Siebert will take over as CEO on Jan. 1, when Straub leaves at the end of December.
In Friedrichshafen, KM officials thanked Straub for leading the company through major changes and the recession. Karlheinz Bourdon, managing director of KraussMaffei Technologies, presented Straub with a gift basket at the end of news conference.
“Together we have restructured KraussMaffei and led it successfully through the crisis,” Straub said. He thanked the group's 3,900-employees around the world, and the machinery company is on solid ground.
“We really are having record figures. This is the highest order intake of the group, ever,” Straub said.
Straub, 57, declined to say where is going, or whether he will remain in the plastics industry.
Straub, a German who has an MBA, is a veteran of Mannesmann Group. He worked in executive positions since the mid-1980s the German industrial conglomerate that had owned the plastics machinery businesses.
The current, Chicago-based owner, Madison Capital Partners, in 2007 promoted Straub to run the machinery conglomerate which was then called Mannesmann Plastics Machinery GmbH.
During Straub's term, the machinery group sold German-based injection press maker Demag Plastics Machinery to Sumitomo Heavy Industries Ltd. of Japan, and brought the Berstorff compounding extruder business under KraussMaffei, which makes extruders for pipe and profiles.
At Fakuma, officials announced the KM group has merged the marketing functions of its Netstal and KraussMaffei PET preform molding press businesses, under the control of Netstal-Maschinen AG in Näfels, Switzerland. The move was effective Oct. 1.
Despite the marketing linkup, both Netstal's and KraussMaffei's PET preform machines will continue to be marketed under their current brand names of PET-Line and PETForm.
Bernhard Merki, Netstal's president and CEO, said the group will benefit from one single sales channel for PET injection presses.
Thomas Anderegg will run the combined PET business. He has been in charge of Netstal's sales, marketing and applications departments with several brands since 2009.
In other news, Bourdon said production has begun at KraussMaffei's 16,900-square-foot addition in Munich for automation and robot production, a sector he said “stayed very robust” during the recession.
KraussMaffei also announced the departure of Reto Morger, Netstal's marketing manager who has been with the company in Näfels, Switzerland, for 14 years.
At Fakuma, KraussMaffei molded push-pull-style closures on a SpinForm press, using a cube mold from Zahoransky Formenbau GmbH. The TIM stack mold (for “total integrated manufacturing”) uses an axial rotary cube, and two assembly platens located outside the mold, so the system can perform more complex assembly operations without requiring longer cycle times. Also, the cube mold is much simpler than conventional cube molds, Zahoransky said.
Krauss Maffei Berstorff presented a new degassing system for the ZSFE twin-screw side feeder, which is used on the ZE, UTX and ZE UT brands of compounding extruder.
Netstal, at its Fakuma booth, molded beverage closures on a hybrid Elion press running a 72-cavity mold. The cycle time was 3.5 seconds. Nestal also molded syringe needle guides.