Catherine Kavanaugh [email protected] See All Staff Page Recent Stories KraussMaffei growing through partnerships, expertise in U.S. Additional staff and university partnerships are aiding to growth at KraussMaffei Corp.'s U.S. operations. Baumann named CEO of Arburg U.S. subsidiary Maag's Martin Baumann to succeed Friedrich Kanz, who is retiring after 23 years with the German machine builder. Mold makers brace for tariff talks, Chinese competition, R&D fix, heat rules AMBA trade group lobbyist Omar Nashahib: "What we heard from you all is that the molds, dies and tooling is already underpriced by China probably 40-60 percent. So 25 percent doesn't even get you whole, but it does help." Holcim cements $1.29 billion Duro-Last deal, seeks more acquisitions The acquisition of Saginaw, Mich.-based Duro-Last gives Holcim in-house manufacturing capabilities as it expands further into the North American roofing market. Desma Elastomertechnik CEO parts ways ‘abruptly and surprisingly' Amid Desma Elastomertechnik GmbH's realignment, CEO Martin Shurmann has left his role after 16 years with the injection molding machine builder. Cuts at KraussMaffei to spare U.S., assembly jobs A profit warning on the Shanghai Stock Exchange says preliminary figures indicate the machine builder lost up to $275 million in 2022, including a goodwill impairment of at least $108.6 million. KraussMaffei cutting jobs as losses top $22 million Profit warning on the Shanghai Stock Exchange says preliminary figures indicate the machine builder lost up to $27 million in 2022. Holcim to buy PVC roofing company Duro-Last for $1.3 billion Switzerland's Holcim Ltd. is on an acquisition streak, and it will expand its work in the North American roofing market with Michigan-based Duro-Last Inc. Press makers cite midyear slowdown, remain hopeful for 2023 Injection molding press producers saw sales climb 25 percent in 2021. For a few months, it looked like 2022 could be a repeat. But the second half of 2022 brought a marked change. Decatur Mold invests $12 million in lights-out technology Decatur Mold Tool and Engineering Inc. is investing $12 million into a lights-out expansion that will bring its facility in North Vernon, Ind., to 101,320 square feet for manufacturing injection molds and custom machine parts. Arburg's Juliane Hehl: Machine builders deliver solutions Juliane Hehl: "Our trade show appearance as a whole, with its 'There is only a Plan A' (that) conveys that we, as a machine manufacturer, are making our contribution with regard to ... important global issues." Arburg spotlights circularity, new Freeformer at K 2022 Machine builders including Arburg GmbH consider themselves on the front line of the effort to make plastics more circular Malena named president of Engel's North American subsidiary Vanessa Malena succeeds Mark Sankovitch, who will remain with the company as regional president of Engel in North America. Caplugs buys Safeplast, relocates U.S. site to New York The deal expands Caplugs' product line for hose protection with new spiral wraps, colors and cut-to-length options. GAF to build $146 million plant for TPO roofing The capacity expansion will add 135 jobs over six years in Valdosta, Ga., for manufacturing the company's EverGuard product line. Load More
