You are here: / / / KraussMaffei Group receives equity from Sinochem

KraussMaffei Group receives equity from Sinochem

Author: Stephen Goodchild Comments: 0

Machinery manufacturer KraussMaffei reports that shareholder Sinochem recently undertook the final step in its August 2024-announced plan to convert existing shareholder loans into equity for the KraussMaffei Group’s parent company, China National Chemical Equipment (Luxembourg) S.á.r.l. (CNCE Lux). KraussMaffei Group anticipates significant benefits from this transaction thanks to an improved capital structure and financial performance.

Membership Required

If you are not yet a Tyrepress or Tyres & Accessories subscriber, you can change that here.

Subscribe now

Becoming a member has benefits such as:

  • Read our sector-leading articles in full
  • Full analysis of tyre business segments
  • Read Tyres & Accessories magazine online/in print

Already a member? Log in here

Related news:

  1. KraussMaffei continues modernisation strategy with new Laatzen plant
  2. KraussMaffei completes renewal of production footprint
  3. VÚK acquisition to benefit Continental’s tyre assembly machinery business
  4. KamaTyresKZ secures funds for automated machinery
Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Share this entry
Metzeler TT Village bringing ‘glamping’ to Isle of Man

We see you are visiting us from China.

If you would like the latest news from the Chinese tyre industry in Chinese, visit our partner site TyrepressChina.com. Or click below to continue on Tyrepress.