Extrusion blow molding equipment company Kautex Maschinenbau GmbH has declared the production site at its headquarters in Bonn, Germany to be insolvent as of Aug. 25, 2023, according to a press release posted on its website. The declaration does not affect the companys operation in Shunde, China. Kautex also said that development of the Bonn site into an innovation and service center with associated production of sustainable high-end technologies is continuing despite the insolvency.
Kautex has pursued what it calls a global transformation process since 2019, partly precipitated by a shift to electrification in the automotive industry. Although it has made significant progress in implementing a global corporate strategy and establishing …
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