Generating additional value add for customers

The KraussMaffei Group will continue to strengthen its position on key markets and purposefully extend its presence on growth markets. "We want to provide even more benefits for our customers along their entire value-adding chain. For this purpose, we will increase our injection molding activities throughout the Group. We will therefore maintain the independent market presence of the Netstal and KraussMaffei brands with a clearly defined product portfolio and separately operating sales organizations for both brands", said Jan Olaf Siebert, Chairman of the Board of Management of KraussMaffei AG. The "President" of the Group-wide Injection Molding Machinery Segment will be Dr. Hans Ulrich Golz, a well-known expert in the field of mechanical engineering, who has served the company to date successfully as President of the Extrusion Technology Segment and Chairman of the Management Board of KraussMaffei Berstorff.

Bernhard Merki, CEO of Netstal Maschinen AG, decided to step down from his position and to leave the company. "Mr. Merki has worked for Netstal in various functions since 1988. We would like to thank him for all his work and wish him all the best for the future", said Siebert.

Dr. Karlheinz Bourdon and Frank Peters, previously responsible for Injection Molding Machinery and Reaction Process Machinery at KraussMaffei, will take up new posts as part of the reorganization measures at the Injection Molding Machinery Segment. Dr. Karlheinz Bourdon will take up the post of "Vice President Technologies" and will be amongst others responsible for the common segment activities in Research and Development, Product Management and Process Engineering Development. As "Vice Presidnet Sales KraussMaffei" Frank Peters will have sole responsibility for sales of injection molding machinery bearing the KraussMaffei brand. "I am very pleased that both managers have decided to actively support this process in a responsible position for the benefit of the company", said Siebert. As the successor to Frank Peters, Nicolas Beyl will manage the Reaction Process Machinery Segment of KraussMaffei in future. Succession arrangements in respect of Dr. Golz as Managing Director of KraussMaffei Berstorff and President of the Extrusion Technology Segment are currently being made.