Extrusion International 1-2024-USA

11 Extrusion International 1/2024 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 Mas- chinenbau GmbH in Bonn will be the third oversea production base of Jwell. For those employees, not being transferred to the new company a transfer company was installed to further qualify them for new external job opportuni- ties. 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 com- pany 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. Pau- lo Gomes, former CTO of the Kautex Group decided to leave the company, effective on February 1st. Mr. He, president of Jwell, expressed this high- est 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. Kautex Maschinenbau GmbH www.kautex-group.com Jwell Machinery Co. Ltd www.jwell.cn Your competent partner in plastics processing mixing, dosing, conveying and drying Made in Germany www.koch-technik.com EXPAND YOUR CAPABILITIES