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Eissmann Group buys Minda KTSN plant in Mexico plasticsnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from plasticsnews.com Daily Mail and Mail on Sunday newspapers.
Eissmann Group Automotive in mega-deal to acquire bankrupt Plastics Converter – 400 jobs saved in Europe Germany’s Eissmann Group is set to take over the European plants of insolvent automotive plastics converter Minda KTSN Plastic Solutions GmbH & Co. (KTSN). KTSN is a well-known automotive supplier in the fields of injection molding and mechatronics technologies The Pirna company, which filed for insolvency in June 2020, also has sites in Mexico and Poland. In recent years Eissmann extended its expertise in the field of laminated leather for high-quality interior automotive components and continued to refine its development and industrialization processes. As a system supplier and expert in mobile living spaces, Eissmann works with almost all of the major automotive manufacturers and suppliers. ....
Image: Eissmann Automotive Left to right: Eissmann Automotive s Dr. Wolfgang Braun, CEO; Claudia Eißmann, Chairman of the Advisory Board; and Sami Sagur, Chief Financial Officer. Minda KTSN Plastic Solutions went into insolvency in June 2020. Headquartered in Pirna, Germany, the company also maintains sites in Mexico and Poland. Germany’s Eissmann Group is set to take over the European plants of insolvent automotive plastics converter Minda KTSN Plastic Solutions GmbH & Co. (KTSN). Around a dozen companies from around the world were interested in the Pirna, Germany–based KTSN, yet the strategic integration of KTSN into the Eissmann Group proved to be in the best interest of its customers. ....
Auto supplier Eissmann buys injection molder KTSN Eissmann Group From left: Eissmann CEO Wolfgang Braun; Claudia Eissmann, chairman of the advisory board; and Chief Financial Officer Sami Sagur. Automotive supplier Eissmann Group purchased the European plants of insolvent Pirna, Germany-based injection molder and kinematic technology supplier Minda KTSN Plastic Solutions GmbH & Co. on Feb. 25. KTSN filed for insolvency in June 2020. The company s products include gloveboxes, seat back panels, cup holders and other plastic components for the automotive industry. It has facilities in Germany, Poland and Mexico. This acquisition serves to expand our product lines at Eissmann, Wolfgang Braun, CEO of Eissmann, said in a March 1 news release. In addition to our lamination products and services, we can also provide fully integrated kinematics and non-kinematics plastic parts for vehicle interiors. ....