Insights
Positive development at KraussMaffei Group
| Uli Pecher
Listing procedure on Shanghai Stock Exchange well on track
In the first three quarters, incoming orders amounted to 1.05 billion euros - an increase of 2.5 percent compared with the same period in the previous year. Sales amounted to 973 million euros – up 1.6 percent.
In the first three quarters, incoming orders amounted to 1.05 billion euros - an increase of 2.5 percent compared with the same period in the previous year. Sales amounted to 973 million euros – up 1.6 percent.
Positive Development:
Dr. Frank Stieler, CEO of KraussMaffei Group announced a positive development at Fakuma 2018.
The number of employees has also increased significantly. Today, the Group employs almost 5,500 people (including apprentices) – a record number. Since the end of 2016 alone, 618 new jobs have been created worldwide. "I am particularly pleased that we are currently qualifying 310 apprentices for their future professional careers - more than ever before," says KraussMaffei CEO Dr. Frank Stieler.
Listing procedure on the Shanghai Stock Exchange nearing completion
The planned listing on the Shanghai Stock Exchange is due to be approved this year. The Chinese authorities are currently reviewing the application from KraussMaffei's parent company China National Chemical Corporation. CEO Stieler: "The listing process is going according to plan. We expect the China Securities Regulatory Commission to give the green light in the coming weeks. "