A multitude of exogenous factors forced the Kautex Maschinenbau Group to undergo a continuous global transformation process since 2019 with the aim of realignment. This was partly in response to the transformation in the automotive industry and the disruptive shift from combustion to electric engines. Other global events and market developments accelerated this.
Transformation of the Group largely completed successfully
The Kautex Maschinenbau Group has already successfully completed a large part of the initiated transformation process and implemented measures with positive results. A new corporate strategy has been developed and implemented globally. Furthermore, a product initiative was rolled out that enabled Kautex to establish itself directly as one of the market leaders in the new market segments of industrial packaging and future mobility solutions. Product portfolio and process know-how were successfully harmonized between the Kautex sites in Bonn, Germany and Shunde, China.
Uncontrollable external developments hamper finalization of transformation
However, a number of exogenous factors have hampered and slowed down the transformation process since it began. For example, the global Covid 19 pandemic, the lockdown in China, the disruption of global supply chains and supply bottlenecks had a negative impact on the realignment. Further complicating the situation were rising prices due to inflation, political uncertainties such as Russia's war of aggression against Ukraine, and the shortage of skilled workers in Germany.