Krones AG Stock

Description Krones

Krones AG is a German manufacturing company that primarily produces machinery for the production and packaging of beverages and liquid food products. The company was founded in 1951 and is headquartered in Neutraubling, Germany. Krones AG operates in over 80 countries worldwide and has approximately 20,000 employees.

The company's product portfolio includes bottling and labeling machines, as well as filling and packaging solutions for water, beer, wine, juice, and soft drinks. These machines are used in a variety of industries, including food and beverage production, pharmaceuticals, and cosmetics.

In addition to its core business of liquid packaging machinery, Krones also offers technology and solutions for brewery and beverage plant engineering, process technology, intralogistics, and digitalization.

Krones AG is publicly listed on the Frankfurt Stock Exchange and is included in the MDAX index. As of 2021, the company had a market capitalization of approximately €4.5 billion and reported annual revenues of over €3 billion.

Competitors of Krones

Krones is a German-based company that specializes in the manufacturing and supply of packaging and bottling systems for the food and beverage industry. As a major player in the market, some of its most important competitors are:

1. Tetra Pak: Tetra Pak is a Swedish-based company that focuses on the production of aseptic packaging solutions for the food and beverage industry. With a presence in over 160 countries globally, Tetra Pak provides packaging and processing solutions for milk, juice, and other liquid products.

2. Sidel: Sidel is a French-based company that provides packaging and filling solutions for the food, beverage, and packaging industries. With over 40 years of experience, the company offers products such as PET bottle manufacturing machines, labeling, and filling equipment.

3. KHS: KHS is a German-based company that specializes in the production and supply of equipment and systems for filling, labeling, and packaging of food and beverages. The company's product portfolio ranges from bottle washing machines, filling lines, and labeling equipment.

4. Bosch Packaging Technology: Bosch Packaging Technology is a German-based company that manufactures and supplies equipment for packaging and processing systems for the food and beverage industry. Its products include filling equipment, cartoning machines, and packaging materials.

These players, among others, compete with Krones in the market and offer similar products and services to their target audience.

Suppliers of Krones

Krones AG is a German company that provides innovative solutions for the production, filling, and packaging of beverages and food products. As a result, its main suppliers would include:

1. Raw material suppliers: These include suppliers of various raw materials such as glass, plastic, aluminum, steel, and other materials that are required for the production of packaging materials.

2. Equipment suppliers: These are suppliers of various equipment such as filling machines, labeling machines, conveyor belts, and other machinery required for the production process.

3. Technology providers: These include suppliers of various software and technological solutions that are used in the production and management of production processes.

4. Logistics suppliers: These are suppliers of transportation and distribution services that are required to transport the finished products to the customers.

5. Energy suppliers: These are suppliers of various forms of energy such as electricity, gas, and oil which are used to power the production processes.

The quality of these suppliers and the reliability of their products and services can affect Krones' ability to deliver products on time, stay competitive, and produce high-quality products at an affordable cost. So, it is crucial for Krones to maintain good relationships with these suppliers and continually monitor the quality of their products and services.