KraussMaffei Group, a German machinery company, is listed on the Shanghai Stock Exchange through an asset injection process completed in December.
As part of the deal, the newly expanded THY has taken over chemchina's sanming production base, where it will make new kraussmaffei injection molding machines for the Chinese market.
Kraussmaffei currently has a production facility in hai 'an, China, near Shanghai.
"We can further expand our presence in China by adding production facilities in sanming," Stieler said.
Under the new arrangement, kraussmaffei will continue to locate its headquarters in Munich and move its international operations from Germany to Germany.Germany's joint decision rights, the legal status of kraussmaffei group co., LTD., and the employee and union agreements remain unchanged.
The rubber and plastic machinery supplier expects that access to China's capital markets will enable it to "further accelerate" growth and contribute to its digital "compass" strategy.
"We are expanding our portfolio, launching a new range of machines for the volume market and expanding our digital services business."We are rapidly advancing local business models, especially in China.
The company's "compass" strategy involves expanding its business model, particularly in digital services.As part of that, kraussmaffei launched its new digital services solutions business last July.