Kautex Maschinenbau GmbH, which specialises in the development and manufacture of extrusion blow mould systems, and related entities have been sold to Jwell, with the exception of Kautex Shunde, for which an agreement is in the offing. All hardware assets and all activities of the machine-building company were transferred to the Chinese investor.
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From 1 January 2024, the new company, Kautex Maschinenbau System GmbH, will take over all the purposes of the old company. The parties have agreed to disclose the acquisition costs or the upcoming terms of the restructuring.
“With Jwell as a strong new partner of Kautex Maschinenbau System GmbH, we have a long and bright future ahead of us. Jwell is a strategic selection for us. They have extensive experience in plastic production machinery. They have the financial functions to complete the transformation of Kautex and are committed to further expanding our local production and service presence with the purpose of creating the global market leader in the extrusion blow molding industry,” says Thomas Hartkämper, CEO of the Kautex Group.
Jwell has taken over 50% of the employees of Kautex Maschinenbau GmbH in Bonn, 100% of the workers of other companies and intends to continue to focus on production and response at the Bonn site, which remains the headquarters and concentrates on production. , I D
Kautex remains an independent operation within the Jwell Group and is intended to be its premium brand. With the move to a new company and the resizing of the workforce, the first changes within control have already been made. Julia Keller, Kautex’s former chief financial officer and CHRO, left the company voluntarily and was replaced by Jun Lei as CFO. Maurice Mielke, until the end of December 2023, Global Head R
Mr. He, President of Jwell, expressed his utmost gratitude to all the artists for the specific and committed paintings of the past month that made this agreement possible. He said: “Together, we can realise the multi-year dream of operating a business in Germany and bringing Jwell to one of the world leaders in the high-end extrusion machinery industry. “
A multitude of exogenous points have forced the Kautex Maschinenbau Group to embark on an uninterrupted global transformation process since 2019 with the aim of reorienting itself. This is partly due to the transformation of the automotive industry and the disruptive shift from combustion engines to combustion engines. electric motor.
The Kautex Maschinenbau Group has already completed a large part of the transformation process and implemented measures with positive results. A new corporate strategy has been developed and implemented globally. In addition, a product initiative was launched that allowed Kautex to directly identify itself as one of the Market Leaders in the new market segments of commercial packaging and mobility responses of the future. Product diversity and process knowledge have been harmonized between Kautex’s plants in Bonn, Germany and Shunde, China.
However, a series of exogenous points have hindered and slowed down the transformation procedure since its inception. For example, the global Covid 19 pandemic, disruption to global supply chains and supply bottlenecks negatively impacted realignment. Rising costs due to inflation, global political uncertainties and a shortage of professional staff in Germany make the situation even more confusing. As a result, Kautex Maschinenbau GmbH, with its German production in Bonn, has been bankrupt and provisionally liquidated since August 25, 2023.
More than 8 decades have made Kautex Maschinenbau one of the world’s leading suppliers of extrusion blow molding technologies. With its “Final Plastic Product Focus” philosophy, the company helps its consumers around the world to produce sustainable and quality plastic products.
The Kautex Maschinenbau Group is headquartered in Bonn, Germany, has a second fully equipped production facility in Shunde, China and operates regional offices in the USA, Italy, India, Mexico and Indonesia. In addition, Kautex Maschinenbau maintains a dense global network of service and sales bases.
Jwell Machinery Co Ltd is one of the leading extruder brands in China and specializes in providing high-quality extrusion apparatus for industries. In addition to several plants in China, Jwell has increased the number of overseas factories to 3 with this transaction. The company he owns employs about 3,500 people.
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