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Krauss-Maffei PU machinery orders up 72%

By Patrick Raleigh UT On-line/news editorMurnau, Germany-Krauss-Maffei Kunststofftechnik GmbH’s polyurethane machinery business aims to accelerate its growing presence in the appliance and building insulation sectors while also advancing its already strong position in the automotive market.For the first six month of its fiscal 2004 to 30 Sept, K-M’s Reaction Technology Division reported a 72-percent rise in orders to Euro58 million, helped by big orders from the automotive and white goods industries in the US, the UK and eastern Europe.Reaction Technology also reported a 25-percent rise in sales to Euro41 million, compared to the first six months of last year. This represented 14.5 percent of first-half sales for the Munic-based group, which is also a leading supplier of plastics injection moulding and extrusion equipment.Much of the group’s progress in the PU sector has been in the US, where, “We have taken market share from all of them [competitors] at least of the major ones,” according to Walter Tesche, managing director, Reaction Technology. Munich-based K-M claims to be the leading PU machinery supplier to the global automotive sector. “We have been able to defend and maybe even extend further,” Tesche commented in a first-half business review during a 17 June press conference in Murnau, near Munich, Germany. About 30 percent of K-M’s PU machinery sales now come from Krauss-Maffei Italiana, which has won many orders from major appliance makers in Sweden, Russia, Korea and North America, Tesche said. He also cited growth in Asia, particularly China, as contributing to the development of the business.”

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