The Jiaxing plant Phase I project in floor area of more than 58,000m2, and reserving land of 37,000m2 for future use by Phase II project, offers functions of R&D, engineering design, manufacturing and supply chain management, and becomes another comprehensive functional headquarters beyond Germany. The Jiaxing Economic and Technological Development Zone, where the new plant is located, is at the center of fostering world-class innovative industrial cluster in the Greater Bay Area of Zhejiang, and lists high-end equipment manufacturing as priority development industry of 100 billion RMB level. KraussMaffei will fully leverage local supply chain, and collaborate with partners to facilitate industrial upgrading of China’s intelligent manufacturing and rubber and plastics industries.
“Cooperation wins future. With the rapid integrated development of Yangtze River Delta, we’d like to take this opportunity to invite more enterprises like KraussMaffei to invest here and seek development together”,
said Mr. CHEN Lizhong, Member of the Standing Committee of CPC Jiaxing and Secretary of CPC Working Committee of Jiaxing Economic and Technological Development Zone (International Business Zone).
Mr. CUI Xiaojun, CEO of KraussMaffei China said:
“China and the rest of the world are all facing challenges impacted by the pandemic to manufacturing industry and related industrial chains. Meanwhile, the emerging new technologies and mega trends, intelligent manufacturing, digital services and solutions are bringing new opportunities to our industry. The new Jiaxing plant is another important milestone along the over 180-year development history of KraussMaffei, which is meant to further expand the Chinese market, enhance our localization capabilities and create values for customers in China and across the globe.”
The Germany-headquartered KraussMaffei has been cultivating the Chinese market since its entry into China in 2001. It joined China National Chemical Corporation in 2016, and was listed on Shanghai Stock Exchange in 2018. The Jiaxing plant has R&D center and technology centers for extrusion, injection, and reaction injection molding technologies.
“With profound technical accumulation and enhanced local competency, KraussMaffei will respond to customers more efficiently, providing customers with comprehensive local support such as R&D, engineering, process, testing, training, service and overall project management, with cutting-the-edge technologies and tailor-made solutions”,