WALDKRAIBURG, Germany—Kraiburg TPE GmbH & Co. K.G. has launched a new extrusion line for the production of thermoplastic elastomers at its headquarters facility in Waldkraiburg.
The move expands the company's total capacity to about 56,000 metric tons worldwide, and it comes in response to rising global demand for TPEs from the automotive, industrial, consumer and medical markets, Kraiburg said.
While the company has made investments at its facilities in Buford, Ga., and Kuala Lumpur, Malaysia, Kraiburg said it is looking to invest in the Waldkraiburg location because it is the epicenter of its business operations.
"The Waldkraiburg site is and will remain the focus of all of our activities, where we have been investing particularly in expanding our development center and increasing our production capacities in recent years," Kraiburg CEO Franz Hinterecker said in a statement. "The new extrusion line underlines this strategy."
The firm has invested at its other sites, though. Kraiburg relocated to a new production plant in Buford in 2016, and more recently brought on stream a new production line at its facility in Kuala Lumpur.
"Our success in the market is based on strong customer orientation, global presence and influential innovations," Hinterecker said. "Continuously investing in the international network of our production plants and sales offices is a mainstay of this strategy."