German mechanical engineering company Kautex Maschinenbau has announced additional investments to its packaging, pharmaceuticals, and healthcare packaging businesses.
Funds in tn the eight-figure region will be provided in Euros by the majority shareholder and measure will include the reallocation of human resources from the automotive division. Kautex Maschinenbau is one of the world’s leading manufacturers of extrusion blow-molding machines for plastics processing. The measures are a further step to build on the reorganization and restructuring initiated by the company last year. This involves organisational restructuring and shifting focus to packaging solutions. Despite the current dip in the automotive sector, Bonn-based
Kautex expects demand will recover over time. The company will, therefore, remain committed to developing composite applications in this business as well. The outlined structural adjustment became necessary due to a noticeable, worldwide reluctance of automotive suppliers to invest.
However, by implementing the announced measures, Kautex is also reacting to fundamental changes in the plastics industry. Alongside the digitalisation of production and service processes, the dominant issues that affect the future direction of the company are waste prevention and the processing of recycled, raw materials.
CEO Thomas Hartkämper has been decisive in leading the company’s change process. “In recent months, we have launched a large number of initiatives in the company,” he said.
“These will help Kautex Maschinenbau secure and extend its excellent position in the worldwide plastics market in the long term. We have created and approved the strategic road map for the future, and informed the worldwide Kautex organisation about it. “We have delegated responsibilities to exceptional talents from within our own ranks and will bring in external experts to join our global team, to further strengthen it.”