German operations of Kautex Maschinenbau GmbH, an extrusion blow mold machinery maker, is insolvent due to what the company calls “a multitude of exogenous factors.”
While the Bonn, Germany, production site is looking for new investors, the company’s location in Shunde, China, is not impacted by the company’s move, the company said.
Kautex, in revealing the decision Aug. 28, said “uncontrollable external developments” hampered finalization of a company realignment that’s been underway since 2019.
Kautex blamed COVID-19 and China’s subsequent lockdown, supply chain difficulties, inflation and a shortage of skilled workers in Germany as key factors creating difficulties. Russia’s invasion of Ukraine also created political uncertaintie…
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