Tire Technology International
  • News
    • A-D
      • Appointments
      • Apps
      • Awards
      • Business
      • Certification
      • Components
      • Corporate Social Responsibility
      • Data management
      • Design
      • Distribution
    • E-N
      • Education
      • Factory logistics
      • Headquarters
      • Industry 4.0
      • Investments
      • Machine Vision & Inspection
      • Manufacturing Facilities
      • Materials
      • New tires
    • O-S
      • OE Fitments
      • Partnerships
      • People
      • Regulations
      • Research & Development
      • Retreading
      • Sales facilities
      • Show News
    • S-Z
      • Simulation
      • Sustainability
      • Testing & Analysis
      • Tire Building
      • Tire handling
      • Tire Modeling & Digital Tools
      • Tire Recycling
      • TPMS & Electronics
  • Features
  • Online Magazines
    • July 2023
    • March 2023
    • Annual Showcase 2022
    • November 2022
    • October 2022
    • 年国际轮胎技术年刊
    • Archive Issues
    • Subscribe Free!
  • Opinion
  • Videos
  • Supplier Spotlight
  • Jobs
    • Browse Jobs
    • Post a Job – It’s FREE!
    • Manage Jobs (Employers)
  • Events
LinkedIn Facebook Twitter
  • Sign-up for Free Weekly E-Newsletter
  • Meet The Editors
  • Contact Us
  • Media Pack
LinkedIn Facebook
Subscribe
Tire Technology International
  • News
      • Appointments
      • Apps
      • Awards
      • Business
      • Certification
      • Components
      • Corporate Social Responsibility
      • Data management
      • Design
      • Distribution
      • Education
      • Factory logistics
      • Headquarters
      • Industry 4.0
      • Investments
      • Machine Vision & Inspection
      • Manufacturing Facilities
      • Materials
      • New tires
      • OE Fitments
      • Partnerships
      • People
      • Regulations
      • Research & Development
      • Retreading
      • Sales facilities
      • Show News
      • Simulation
      • Sustainability
      • Testing & Analysis
      • Tire Building
      • Tire handling
      • Tire Modeling & Digital Tools
      • Tire Recycling
      • TPMS & Electronics
  • Features
  • Online Magazines
    1. July 2023
    2. March 2023
    3. Annual Showcase 2022
    4. November 2022
    5. October 2022
    6. 年国际轮胎技术年刊
    7. Archive Issues
    8. Subscribe Free!
    Featured
    6th July 2023

    In this Issue – July 2023

    Online Magazines By Matt Ross
    Recent

    In this Issue – July 2023

    6th July 2023

    In this Issue – March 2023

    11th April 2023

    In this Issue – November 2022

    7th December 2022
  • Opinion
  • Videos
  • Supplier Spotlight
  • Jobs
    • Browse Jobs
    • Post a Job – It’s FREE!
    • Manage Jobs (Employers)
  • Events
LinkedIn Facebook
Tire Technology International
Uncategorized

Machinery maker KraussMaffei acquired by ChemChina

Rachel EvansBy Rachel Evans12th January 20162 Mins Read
Share LinkedIn Twitter Facebook Email

ChemChina is to acquire the KraussMaffei Group for €925m (US$1bn). The company’s headquarters will remain in Munich, Germany, and its other operations will also stay in Europe. This applies in particular to production, technology and patents as well as research and development. At present, KraussMaffei has approximately 4,500 employees globally, of which 2,800 are based in Germany. Plans are to increase this workforce in 2016.

“We are investing in the company’s management team and its technological expertise, which we believe will benefit our Chinese subsidiaries and position ChemChina’s chemical machinery business, which builds and sells equipment for the rubber and chemical industry, to become a pioneer in achieving the Made in China 2025 program, which aims to enhance the Chinese industry,” said Jianxin Ren, chairman of ChemChina. “The growth potential of the KraussMaffei Group is tremendous, especially through improved access to the Chinese market, which we can make possible.”

Frank Stieler, CEO of the KraussMaffei Group, commented, “Following Onex’s acquisition in late 2012, the KraussMaffei Group has achieved strong growth and had a very successful year in 2015. As part of ChemChina, we expect to considerably accelerate our growth strategy, especially in China and Asia, and to further strengthen the company in Germany and Europe.”

In China, the company is expected to benefit in particular from the trend towards higher quality and sustainability.

January 12, 2016

Share. Twitter LinkedIn Facebook Email
Previous ArticlePirelli introduces UHP tire containing guayule natural rubber
Next Article Q&A: Scott Clark, chief operating officer, Michelin North America

Related Posts

Data management

Sumitomo Rubber Industries joins GDSO to enhance tire traceability

28th February 20232 Mins Read
Uncategorized

Continental uses responsibly sourced natural rubber in Gravity mountain bike tire range

24th August 20222 Mins Read
New tires

Latest Mitas Grip’N’Ride tire will deliver increased load capacity

22nd July 20221 Min Read
Latest News

Goodyear launches off-road Wrangler Boulder MT

25th September 2023

New logo points to Pirelli’s sustainable tires

20th September 2023

Enso selected as Earthshot prize finalist

20th September 2023

Receive breaking stories and features in your inbox each week, for free


Enter your email address:


Supplier Spotlights
  • Milliken & Company
Getting in Touch
  • Contact Us
  • Meet The Editors
  • Download Media Pack
  • Free Weekly E-Newsletter
Our Social Channels
  • Facebook
  • LinkedIn
RELATED UKI TOPICS
  • Automotive Testing
  • Autonomous Vehicle
  • Engine Technology
  • Professional Motorsport
© 2023 UKi Media & Events a division of UKIP Media & Events Ltd
  • Terms and Conditions
  • Privacy Policy
  • Cookie Policy
  • Notice & Takedown Policy

Type above and press Enter to search. Press Esc to cancel.

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled

Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.

CookieDurationDescription
cookielawinfo-checkbox-necessary1 yearSet by the GDPR Cookie Consent plugin, this cookie records the user consent for the cookies in the "Necessary" category.
elementorneverThe website's WordPress theme uses this cookie. It allows the website owner to implement or change the website's content in real-time.

Advertisement

Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.

CookieDurationDescription
OAGEOsessionOpenX sets this cookie to avoid the repeated display of the same ad.
OAID1 yearCookie set to record whether the user has opted out of the collection of information by the AdsWizz Service Cookies.
test_cookie15 minutesdoubleclick.net sets this cookie to determine if the user's browser supports cookies.
VISITOR_INFO1_LIVE5 months 27 daysYouTube sets this cookie to measure bandwidth, determining whether the user gets the new or old player interface.
YSCsessionYoutube sets this cookie to track the views of embedded videos on Youtube pages.
yt-remote-connected-devicesneverYouTube sets this cookie to store the user's video preferences using embedded YouTube videos.
yt-remote-device-idneverYouTube sets this cookie to store the user's video preferences using embedded YouTube videos.
yt.innertube::nextIdneverYouTube sets this cookie to register a unique ID to store data on what videos from YouTube the user has seen.
yt.innertube::requestsneverYouTube sets this cookie to register a unique ID to store data on what videos from YouTube the user has seen.

Analytics

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.

CookieDurationDescription
CONSENT2 yearsYouTube sets this cookie via embedded YouTube videos and registers anonymous statistical data.
_ga1 year 1 month 4 daysGoogle Analytics sets this cookie to calculate visitor, session and campaign data and track site usage for the site's analytics report. The cookie stores information anonymously and assigns a randomly generated number to recognise unique visitors.
_ga_*1 year 1 month 4 daysGoogle Analytics sets this cookie to store and count page views.

Functional

Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.

CookieDurationDescription
__cf_bm30 minutesCloudflare set the cookie to support Cloudflare Bot Management.

SAVE & ACCEPT
Powered by