DULUTH, Ga.—Kraiburg TPE Corp. will form a new entity in Mexico under the legal name Kraiburg TPE México S. de R.L. de C.V.
As an operating subsidiary of Kraiburg in the U.S., the new company will function primarily as a provider of commercial and logistical support infrastructure for goods imported into the region. Kraiburg said the formation of the Mexican entity will help to accelerate business growth, provide a higher level of localized service and improve turnaround times.
“The formation of this new Kraiburg TPE entity represents a major step forward in our efforts to expand further and solidify our business base throughout North and Central America,” Jeff Frankish, managing director of Kraiburg TPE, said in a statement.
“It also ensures that we are well-positioned to take advantage of the tremendous economic and market growth anticipated within Mexico over the coming years.”
The newly-formed Mexico division of Kraiburg TPE also will benefit both current and future customers located in Central America. Kraiburg said operating under Kraiburg TPE México S. de R.L. de C.V. provides more efficient importation operations, improved logistics management and streamlines the flow of materials. It also reduces the need for administrative support, documentation, and invoicing of imported goods.
Alberto Oba will be the director of the Mexico branch, which will be located in San Pedro Garza Garcia, NL Mexico.
Kraiburg TPE is a specialty plastics manufacturer headquartered in Germany. It has three production sites in Germany, the U.S., and Malaysia.
The U.S. facility is also experiencing growth. In November, Kraiburg broke ground on a 70,000 sq.-ft.-facility, slated to open in early 2016.