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6/6/2016 | 2 MINUTE READ

Krauss-Maffei celebrates 50 years in the U.S.

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The North American automotive sector is a particularly important growth engine for the company.

KraussMaffei Corp., the U.S. subsidiary of the KraussMaffei Group with headquarters in Florence, Ken., celebrated its 50th anniversary in May. It currently represents the three brands: KraussMaffei, KraussMaffei Berstorff and Netstal. Following a very successful financial year in 2015, Krauss-Maffei Corp. expects further growth in 2016.

"We are very proud of what we have achieved and of our success since the company was founded in New York in 1966. With over 200 employees, we are providing support to our customers in all three technologies – injection molding, reaction process and extrusion technology. The 2015 financial year was very successful for all three brands and we are also expecting great results in 2016," said Paul Caprio, who has headed Krauss-Maffei Corp. since 2009. The North American automotive sector is a particularly important growth engine. In lightweight design for example, customers of the brand KraussMaffei can benefit from solutions for manufacturing fiber-reinforced plastic components based on both thermoset and thermoplastic matrix systems.

The decision of many U.S. companies not to relocate their production to low-wage countries has also accelerated growth. "We have always supported the strategy that goods for the U.S. market should be produced within the U.S borders. In addition, we are supplying our customers with the best system solutions consisting of machine, mold and automation. They are telling us over and over that our production solutions are not only of high quality, but that they are also very efficient," Caprio said. This trend is also reflected in the current order situation of Krauss-Maffei Corp. – approximately 30 percent of the incoming orders come from U.S. customers.

Krauss-Maffei Corp. was founded in New York in 1966. Its market acceptance rose rapidly beginning in 1977 when the company opened an extrusion systems plant in Wichita, Kan., and accelerated the sale of products on the U.S. market. In the early 1980s, the company began to sell injection molding machines in the U.S. "In order to be able to grow, we opened a new complex with offices and a production plant in Florence, Kentucky, in 1986. We combined our entire corporate activity regarding injection molding, reaction process and extrusion technology in one location and have continued to further develop it to this day," Caprio explained.

Caprio is confident about 2016: "The order situation for all brands is very good. We will once again introduce new products and solutions to the U.S. market. Our customers can also look forward to many new innovations from all brands at K 2016."


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