KraussMaffei: Situation has now bottomed out

October, 23 (plasteurope.com) -- "We are probably through the worst," said Dietmar Straub, CEO of KraussMaffei  at the “Fakuma” trade fair in Friedrichshafen / Germany on 14 October. Nevertheless, he thinks a full recovery will require more time. "The upswing will take much longer than the steep and rapid downslide."

KraussMaffei is one of the worldґs leading manufacturers of plastics processing machinery for injection moulding, extrusion and reaction moulding (PU). But the crisis has left its mark on the company, just as it has on all other machinery makers. In the 2008/2009 financial year, which ended 30 September, provisional sales reports indicate a 29% decrease at EUR 746m compared with EUR 1.06 bn in the previous year. Incoming orders declined by 41% to EUR 644m (EUR 1.09 bn).