German thermoplastic elastomer compound maker Kraiburg TPE GmbH & Co. KG has launched a wholly owned Mexican subsidiary to help it cope better with business growth in Mexico and Central America.
Called Kraiburg TPE México S de RL de CV, the company is located in San Pedro Garza García, a Monterrey suburb in northern Mexico, and is directed by Alberto Oba, who told Plastics News about Kraiburg's expansion plans in December.
Kraiburg TPE's managing director, said in a news release: “It also ensures that we are well positioned to take advantage of the tremendous economic and market growth anticipated within Mexico over the coming years.”
In the news release Kraiburg said that Kraiburg TPE México provides greater efficiency in importation operations and improved logistics management. It also streamlines the flow of materials and “reduces the need for administrative support, documentation and invoicing of imported goods.”
According to Oba, whose previous position at the Bavarian company was commercial manager for Mexico and Central America, Kraiburg's sales in the Americas are forecast to total $32 million in 2015, up from $28 million in 2014.
Kraiburg, of Waldkraiburg, has had a sales office in Duluth, Ga, since 1996 and manufacturing operations there since 2001.