MUNICH—KraussMaffei has "received the keys" for its new manufacturing site in Laatzen near Hanover, Germany, the machinery maker announced Sept. 1.
The 1-million-sq.-ft. facility is designed to produce extrusion systems and recycling equipment for the plastics and rubber processing industries.
Relocation of operations from Hanover started in July and is expected to be completed by December without stopping production, said KraussMaffei.
The hand-over follows a two-year construction project for the facility which "offers space for up to 750 workplaces," the machinery maker stated.
Capabilities of the Laatzen "smart factory" include networked production, data processing in real-time, process visualization and data evaluation as well as state-of-the-art machine tools to increase production efficiency.