FERROMATIK MILACRON
Machinery production outsourced to Czech Republic / Only sales and service functions remain in Germany
It seems the “strategic realignment” of injection moulder Ferromatik Milacron (Malterdingen / Germany; www.ferromatik.com) was not as successful as recent reports appeared to have suggested (see Plasteurope.com of 14.12.2015). On 10 March, the company said it will move its entire machinery production from Malterdingen to the Czech Republic. The only activities that will remain at the German site will be administration, sales and service. As a result of the shift, the company will cut another 132 of the remaining 241 jobs. It has already begun discussions with the employees affected, Ferromatic Milacron said.

The measure will not affect any other Milacron or Ferromatic sites, the subsidiary of US machinery maker Milacron (Cincinnati, Ohio; www.milacron.com) said, adding that the company will continue to have a “very strong presence in Germany and in the region surrounding Malterdingen.” The changes are expected to raise efficiency, and in so doing “guarantee Milacron’s business dealings in Europe in the long term,” said Ferromatik Milacron managing director Denis Poelman.

Last year Milacron moved its entire European Uniloy Milacron blow moulding machinery operations from Italy to the Czech Republic (see Plasteurope.com of 17.04.2015). The company recently reported a decline in sales, whereas its operative result – while negative – still improved slightly in 2015.
14.03.2016 Plasteurope.com [233602-0]
Published on 14.03.2016
Ferromatik: Aus für Maschinenfertigung in MalterdingenGerman version of this article...

© 2001-2024 Plasteurope.com  |  Imprint  |  Privacy  |  Cookie settings

Plasteurope.com is a business information platform for the European plastics industry. It is part of KI Kunststoff Information and PIE Plastics Information Europe, one of the leading content providers for the European plastics industry. We offer daily updated business news and reports, in-depth market analysis, polymer prices and other services for the international plastics industry, including a suppliers guide, career opportunities, a trade name directory and videos.

News | Polymer Prices | Material Databases | Plastics Exchange | Suppliers Guide | Jobs | Register | Advertising

PIE – Plastics Information Europe | KI – Kunststoff Information | KunststoffWeb | Plastics Material Exchange | Polyglobe | K-Profi
© 2001-2024 by Plasteurope.com, Bad Homburg
Date of print: 03.05.2024 08:27:30   (Ref: 573126055)
Text and images are subject to copyright and other laws for protection of intellectual property.
Any duplication or distribution in any media as a whole or in parts requires prior written approval by Plasteurope. URL: http://www.plasteurope.com/news/detail.asp