Krauss-Maffei Corporation, the US subsidiary of the KraussMaffei Group with headquarters in Florence, Kentucky, celebrated its 50th anniversary on May 18 and 19 with more than 400 customers. The company has grown continuously since it was founded in 1966 and has established itself as a leading provider of machinery for plastics and rubber processing in the North American market. It currently represents the three brands: KraussMaffei, KraussMaffei Berstorff and Netstal. Following a very successful financial year in 2015, Krauss-Maffei Corporation expects further growth in 2016.
US companies place a particular emphasis on domestic production
“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,” emphasized Paul Caprio, who has headed Krauss-Maffei Corporation 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 groundbreaking solutions for manufacturing fiber-reinforced plastic components based on both thermoset and thermoplastic matrix systems. Thanks to the wide-ranging expertise in the areas of reaction and injection molding technology, KraussMaffei provides technologies and systems from a single source as the leading provider on the market.
The decision of many US companies not to relocate their production to low-wage countries has also accelerated growth. “We have always supported the strategy that goods for the US market should be produced within the US 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 Corporation – approximately 30 percent of the incoming orders come from US customers.
Open House was a great success
The 50th anniversary Open House celebration, held May 18 to 19, was a tremendous success, with a turnout of over 400 at the company’s US headquarters in Florence, Kentucky. The event showcased a wide range of trendsetting applications with live demonstrations of injection molding, extrusion and reaction process machinery, including a Netstal injection compression molding cell and the new ZE 65 Blue Power twin screw extruder. The Open House also featured 50 table top displays highlighting additional technology and service offerings from partners, as well as over 20 educational technical paper presentations covering the latest productivity enhancements for customers.