Machinery Suppliers
Two days after the acquisition was announced, KraussMaffei's owner filed a pre-loss warning of at least $359M.
Injection molding machinery sales are down in 2023 — cut in half for some — as excess capacity from the pandemic is put to new uses and higher interest rates have delayed some investments.
Demand has quadrupled for projects involving sandwich layers, the company says, as it launches its next-generation press.
SRI CV Plastics Inc. is offering to abandon plans to make PVC pipe at a contentious Lockport, N.Y., site to build a plastics processing plant.
Nearly 14 years after two Austrian machinery companies combined forces, Wittmann Group is dropping the Battenfeld brand name from its injection molding machinery.
"BMG is our umbrella, and each brand can talk about solutions across the portfolio to fit customer needs," BMG President and CEO Greg Wolf said in a Nov. 4 news release.
Chinese machinery manufacturers have adapted new technology at a rapid pace, with Haitian International just launching one factory where "it's only robots doing all the work."
Munich-based KraussMaffei Group will transfer its KraussMaffei High Performance AG business into an independent unit with a familiar name — Netstal — on Oct. 1.
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