An important milestone has been reached in the restructuring of Kautex Maschinenbau GmbH: Jwell Machinery invests in the company and thus secures its future and unrestricted continuation of operations.

Kautex Maschinenbau GmbH, specializing in the development and manufacturing of extrusion blow molding systems, will be continued by Jwell Machinery with effect from January 1st 2024.

All Kautex Maschinenbau GmbH and related entities have been sold to Jwell, except the Kautex Shunde entity, on which a deal is within eyesight. All material assets and the entire business operations of the mechanical engineering company have been transferred to the Chinese investor. As of January 1st, 2024, the new company – Kautex Maschinenbau System GmbH – is taking over all duties of the old company. The parties have agreed not to disclose the purchase prices and the further terms of the restructuring.

“With Jwell as new strong partner aside from Kautex Maschinenbau System GmbH, we have a bright future ahead. Jwell is a strategic fit for us. They have a strong background in plastics machinery manufacturing. They have the financial capabilities to complete Kautex transformation and they are committed to even increase our local manufacturing and service footprint with the target of creating the world market leader within the extrusion blow molding business”, states Thomas Hartkämper, CEO of the Kautex Group.

Jwell took over 50% of employees of Kautex Maschinenbau GmbH in Bonn, 100% of employees in the other entities, and intends to keep on focusing on manufacturing production solutions at the Bonn site, which remains the headquarter with focus on manufacturing, R&D and service. Also, Kautex Maschinenbau GmbH in Bonn will be the third oversea production base of Jwell.

Transfer agency installed and first adjustments in management.

For those employees, not being transferred to the new company a transfer company was installed to further qualify them for new external job opportunities. This opportunity was well received and 95% of employees took this chance to make progress in their professional careers.

Kautex remains an independent operation within the Jwell Group and is intended to be its Premium Brand. With the transfer into a new company and the right-sizing of the staff base, first adjustments within the management have already been executed. Julia Keller, former CFO and CHRO of Kautex left the company and was replaced by Jun Lei as CFO. Maurice Mielke, until end of December 2023 Global Director R&D at Kautex was promoted to CTO and CHRO. Paulo Gomes, former CTO of the Kautex Group decided to leave the company, effective on February 1st.

Mr. He, president of Jwell, expressed this highest appreciation for all employees for the focused and dedicated work over last month and making this deal possible. He stated that together we can realize a dream of many years, to operate an entity enterprise in Germany, and to lead Jwell to become one of the world leaders in the high-end extrusion machinery industry.

For more information about Jwell Machinery Co. Ltd please visit: www.jwell.cn

Brueckner Group Asia-Pacific Opens New Facility in Thailand Previous Post
ALPLA Acquires Caribbean Plastic Packaging Specialist Fortiflex Next Post