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Injection mould machine builder appoints CFO
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Krauss-Maffei (UK) product story
Edited by the Manufacturingtalk editorial team
Dec 22, 2006
At the German plastics injection moulding machine builder, Krauss-Maffei, Stefan Neumann is to succeed Peter Sassenfeld as chief financial officer.
Stefan Neumann is to succeed Peter Sassenfeld as CFO at Krauss-Maffei Kunststofftechnik.
Sassenfeld himself is moving on to become CFO at Krauss-Maffei's parent company mpm.
Stefan Neumann joins Krauss-Maffei from Demag Plastics Group USA, where he has been CFO since May 2005.
Before that he spent two years as general manager and finance director for a division of Epcos, a former Siemens subsidiary.
Neumann began his career at Siemens, where he joined a management trainee programme soon after graduating in accounting and business administration.
* About Krauss-Maffei - worldwide Krauss-Maffei is a premium partner for plastics processing industries.
Krauss-Maffei machines and systems are used wherever plastics are converted into products.
Our know-how covers every aspect - from the product idea to the customer-specific system solution.
Krauss-Maffei is the only company in the market with expertise in the three major machine technologies for plastics processing: injection moulding technology, extrusion technology and reaction process machinery.
We integrate the three technologies to generate synergies in processes and machinery for plastics.
As an international company, Krauss-Maffei has a presence in all important global markets and in the major plastics processing industries.
Our sales and service network currently comprises 23 subsidiaries and 40 agencies.
Krauss-Maffei employs around 2,450 people worldwide.
In the 2004/2005 business year (closing date September 30, 2005) consolidated sales for the Krauss-Maffei Group totalled EUR 551.1 million.
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