Get Adobe Flash player
PLASTIKS on line. Home
Русская версия
magazine conference catalogue
News
PLASTIKS news
Business forums
Plastics recycling
Raw materials and additives
Investments and equipment
Plastics application
Subscribe to news












Cincinnati Extrusion keeps its investment volume

26/03/2009


Cincinnati Extrusion investing almost 3 million EUR in the future in spite of the general crisis

Just like everybody else, the Viennese machine manufacturer has not been unaf-fected by the general financial crisis and has had to accept a decline in order entry. Nevertheless, Cincinnati is investing close to 3 million Euros in the modernization and extension of its production machinery to prepare for the demands of the future.
Cincinnati Extrusion GmbH (www.cet-austria.com) is currently anticipating an over 40% decline in the market for extruders and extrusion lines. This estimate is confirmed by re-cent VDMA (German Engineering Association) figures. According to Walter Hader, Managing Director and CEO of Cincinnati Extrusion, a sustained recovery is not generally expected to set in before 2010.
That the crisis has not hit the Viennese machine manufacturer quite as hard as some other companies is primarily due to the fact that the sharp market decline was already anticipated in the middle of last year, so that the company was able to take internal measures to prepare for the crisis at an early stage. This led to corporate restructuring, which also involved some retrenchment of personnel. Moreover, Cincinnati will go on reduced working hours for at least 3 months from the beginning of April to cope with the current economic downturn. At the same time, however, this will avoid the risk of having to lay off more staff, “...who will definitely be urgently needed in the future”, says Hader.
Thanks to its early restructuring measures, Cincinnati Extrusion is now on a sound finan-cial footing, which enables it to plan for the future even in such difficult times and to invest some 3 million Euros in the modernization and extension of its screw manufacturing facility located in Vienna.

Plastics.ru

     








Other news

08/07/2015 Engel issues HL awards to three companies
03/07/2015 ENGEL exclusive machine partner of Liquidmetal Technologies
25/06/2015 ENGEL has grown by 14 percent
06/12/2013 KraussMaffei agrees to keep German plant open
06/12/2013 Clariant launches masterbatch show home
17/05/2013 Battenfeld-Cincinnati supplies Brazilian Plastilit
30/04/2013 Wittmann expands production of metal
30/04/2013 Engel unveils German subsidiary number four
14/02/2013 KraussMaffei Berstorff to supply Pinuform
14/02/2013 VW cuts cycle time with IntElect machine


Archive
Weekly news alerts
Яндекс цитирования
"ПЛАСТИКС" стал мобильнее
x

Уважаемые посетители сайта "Пластикс"

С июня 2013 года для пользователей планшетных компьютеров на Android и iOS доступно мобильное приложение (инструкция здесь).

Вы можете бесплатно ознакомиться с одним из номеров журнала (№6, 2015) через мобильное приложение.