Shanghai, China – Shares in German polyurethane machinery maker KraussMaffei are now available on the Shanghai stock exchange, giving Chinese investors access to the company.
KraussMaffei shares available in China
ChemChina is the majority owner of Krauss Maffei. ChemChina transferred its stake in KraussMaffei to its majority owned subsidiary Qiungdao Tianhua Institute of Chemistry Engineering. Quingdao Tianhua is listed in Shanghai.
KraussMaffei said that the access to Chinese capital will help it to grow faster in the future.
'We are expanding our product portfolio with new machinery series for volume markets and broadening our digital services business,' said Frank Stieler, KM's CEO. 'We are rapidly advancing local business models, especially in China.'
KM is running its Chinese business from Munich, Germany, and the intellectual property rights 'remain bundled in Germany,' the company added. However, KM will produce injection moulding machines for Chinese buyers at the integrated production site in Sanming, Fujian.
The German company estimates that the Chinese market for its injection moulding machines could grow at around 20%/year in the coming years.