Production Lines / Plants

ChemChina to buy KraussMaffei

Toronto, Canada - KraussMaffei (KM) , a major global polyurethane and plastics machinery company, will soon have a new owner: state-owned China National Chemical Corporation (ChemChina).

ChemChina called KraussMaffei 'the Rolls-Royce' in the polymer machinery industry.

KM, ChemChina and Onex Corp, the Toronto-based private equity firm that has owned KM since 2012, announced the deal 10 January 2016.

ChemChina highlighted that this is single larg

   Published on 04 Jan 2016 00:00:00