KraussMaffei AG
The new mixing head from KraussMaffei is undergoing its first series application at longstanding partner Grammer—with excellent results.
Founded in 2018, the agricultural technology business with farming roots going back to the end of the Civil War, successfully produced two parts for Volvo Trucks at one of its "cluster partners," Core Technology Molding Corp., in Greensboro, N.C.
Additional staff and university partnerships are aiding to growth at KraussMaffei Corp.'s U.S. operations.
The new Lion Bike by Marcel Kittel and Tony Martin, both former professional cyclists, stands for an extraordinary bike series that makes kids even more visible on their bikes and ensures more sustainability in manufacturing.
A profit warning on the Shanghai Stock Exchange says preliminary figures indicate the machine builder lost up to $275 million in 2022, including a goodwill impairment of at least $108.6 million.
The company stressed that none of the redundancies will come from manufacturing or assembly of its plastics machinery.
Stefan Fenske: "There are a great many solutions on the market for prototyping or to quickly print a mold for testing purposes, for trials. But now it is really moving towards industrialization and mass production."
While the German machinery maker said it will have something to "add" at K 2022 in October, it officially will have an unveiling on the first day of the show, Oct. 19.
Sales of presses and extruders are up along with calls for technical support from a plastics industry in flux because of the pandemic, consolidation, mergers and acquisitions.
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