By David Reed UT contributing editor
Friedrichshafen, Germany-The Krauss-Maffei Group had record business in fiscal 2005-06 (year ending 30 Sep, 2006), said CEO Josef Märtl at a press conference during the Fakuma plastics trade show in Friedrichshafen.
Provisional figures show the Munich, Germany-based firm had sales of about €560 million ($710 million), up just 1.6 percent on the prior year, Märtl reported, emphasising that orders grew more strongly, surging by almost 10 percent to reach about €595 million.
"The strong order growth has been driven by growth in international business and success with machines for high-tech applications," he added.
The firm says it has expertise in the three major machine technologies for plastics processing: injection moulding, extrusion and reaction processing. "We integrate the three technologies to generate synergies in processes and machinery for plastics," the Krauss-Maffei statement added.
"This is the fifth year in succession that Krauss-Maffei has boosted sales," Märtl continued. "All three Krauss-Maffei divisions contributed to growth, with the Extrusion Division achieving the steepest increase," he said.
The firm's Reaction Process Machinery Division, containing its equipment for processing polyurethanes, strengthened its market share in Eastern Europe, North and South America, Japan and China, Märtl said.
During the year, Krauss-Maffei implemented a programme of capacity concentration in its Extrusion and Reaction process machinery divisions. The new hall layout streamlines the manufacturing and assembly processes, shrinks logistic and information paths, and solves the problem of space shortages, the Krauss-Maffei announcement explained.
"Both divisions now have consolidated, clearly defined production areas; efficiency gains are ongoing," said Märtl.
The reaction process machinery division will continue the roll-out of its new tooling technologies product area, Märtl said, pointing out that this enables Krauss-Maffei to operate as a full-service supplier for polyurethane processing systems.
Krauss-Maffei says it operates in all important global markets and offers equipment for the major plastics processing industries. Its sales and service network currently comprises 23 subsidiaries and 40 agencies. Krauss-Maffei employs around 2450 people worldwide."