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KraussMaffei opens new Chinese facility in Jiaxing

KraussMaffei opens new Chinese facility in Jiaxing

Germany-headquartered machine manufacturer KraussMaffei has officially opened its new plant in Jiaxing, Zhejiang province, thereby doubling its production capacity in China. During the ceremony, KraussMaffei exhibited ten different type of machines and 16 diverse market applications, and held what it says is its first Pioneering Plastics innovation and development forum together with more than 600 customers and partners.

The ten rubber and plastic machines at the site include a full range of PXA all-electric injection moulding machines developed and manufactured in China, double screw extruder and foaming machine. In addition, KraussMaffei displayed its technologies such as silicone injection moulding, intramembrane paint spraying, and metal powder injection moulding, as well as special applications such as precision injection moulding, optical lens, and spray-free glossy surface.

Phase 1 of the Jiaxing plant, which was announced last year, comprises a floor area of more than 58,000 sq m, with an additional 37,000 sq m reserved for future use in Phase II of the building project.

The first phase houses R&D for extrusion, injection, and reaction injection moulding technologies, engineering design, manufacturing and supply chain management, and is said to be another comprehensive functional headquarters beyond Germany. The Jiaxing Economic and Technological Development Zone, where the new plant is located, is at the centre of the industrial cluster in the Greater Bay Area of Zhejiang, and lists high-end equipment manufacturing as priority development at a level of RMB100 billion.

KraussMaffei says it will fully leverage local supply chain, and collaborate with partners to facilitate industrial upgrading of China's intelligent manufacturing industries.

KraussMaffei has been in the Chinese market since 2001 and in 2016 was acquired by China National Chemical Corporation and thereafter listed on Shanghai Stock Exchange in 2018.

"Cooperation wins future. With the rapid integrated development of Yangtze River Delta, we’d like to take this opportunity to invite more enterprises like KraussMaffei to invest here and seek development together,” said Chen Lizhong, Member of the Standing Committee of CPC Jiaxing and Secretary of CPC Working Committee of Jiaxing Economic and Technological Development Zone (International Business Zone).

Cui Xiaojun, CEO of KraussMaffei China said: "China and the rest of the world are all facing challenges impacted by the pandemic to manufacturing industry and related industrial chains. Meanwhile, the emerging new technologies and mega trends, intelligent manufacturing, digital services and solutions are bringing new opportunities to our industry. The new Jiaxing plant is another important milestone along the over 180-year development history of KraussMaffei, which is meant to further expand the Chinese market, enhance our localisation capabilities and create values for customers in China and across the globe."


(IMA)


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