KraussMaffei completed its listing on the Shanghai Stock Exchange in December 2018. The listing occurred through the transfer of ChemChina’s stake in KraussMaffei to ChemChina’s majority-owned subsidiary THY (Qingdao Tianhua Institute of Chemistry Engineering), which is listed on the Shanghai Stock Exchange.
As part of this process, the company was recently renamed as KraussMaffei Company Limited (stock exchange symbol: KMCL). In addition to their functions as CEO and CFO of KraussMaffei Group, Frank Stieler and Harald Nippel have been confirmed as the new CEO and CFO of KMCL.
"We make KraussMaffei fit for the future.“
Dr. Frank Stieleris the new CEO of KMCL.
Largest investment project in company’s history
With the support from ChemChina, KraussMaffei has kicked off four projects to modernize its operations on a global scale. The company is currently planning or building modern state-of-the-art production facilities in Munich/Parsdorf, Hannover/Laatzen, Einbeck (Burgsmüller) and Jiaxing/China. CEO Frank Stieler: “We make KraussMaffei fit for the future.”