The two companies, long sister firms within the same group, will combine their operations in China, a country where Netstal hopes to benefit from the much larger staff of KraussMaffei. "Big international customers really wanted us to grow here," explained Bernhard Merki, CEO of Netstal. The change is effective July 1.
Only two weeks ago the companies announced they would merge operations in Brazil, another country with a fast-growing plastics industry. In China, where KraussMaffei has 200+ employees and Netstal only 15, the merged organization should especially help the smaller Netstal (Naefels, Switzerland) expand sales of its high-end injection molding machinery.
KraussMaffei (Munich, Germany) manufacturers extruders, reaction processing machinery and injection molding machines, and although in the past there was some overlap in their portfolios, management at the two companies no longer consider each other as competitors for molders' business. KM's presses typically are used for technical parts and automotive equipment whereas Netstal is focused on fast-cycling machines for packaging and high-volume medical applications....