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KRAMSKI is focusing on new industries and exports for growth
Interviews- Mar 30,24
In this interview, Andreas Reinhold Kramski, CEO, KRAMSKI Group, explains the company’s growth plans and importance of India for the group
The Germany based KRAMSKI Group is a global solution partner for technologically sophisticated stamping and injection molding technology. In this interview, Andreas Reinhold Kramski, CEO, KRAMSKI Group, explains the company’s growth plans and importance of India for the group.
How is KRAMSKI serving its customers?
KRAMSKI is a medium-sized family business with over 45 years of expertise in manufacturing stampings and overmolding plastic-metal composites in high quality. The strategic manufacturing locations of the KRAMSKI International Group of companies ensure that ‘local for local’ availability for manufacturing and technical support to our customers are achieved across the continents - Asia, Europe & America.
KRAMSKI is the one stop supplier for finding cost effective ways for producing parts to customer prints. In house tooling and manufacturing capabilities enable us to find the best solution for the customer.
How was the performance of your company in 2023?
KRAMSKI Group and KRAMSKI India have met the planned targets for 2023 and are looking to expand and strengthen our foothold in electronics, electro-mobility (electrical vehicles), aerospace, medical and telecom sectors.
What is the contribution of exports to your turnover? What are your plans to increase exports?
As we manufacture for international customers, our parts are being used in local businesses and are also exported to the customer locations worldwide. Increasing exports is a logical consequence of adding more customers and value addition to our produced parts, so they can be delivered to the respective customer assembly lines worldwide.
With focus on new industry verticals, we are going to increase our impact to the Asian markets and will expand our exports in the near future.
With global companies adopting China Plus One policy, are you seeing more business coming to India?
India’s strength has mainly been its domestic market. There will be more opportunities as customers are going to look for more buying options in other countries like India. We already see an increase in requests for quotations and will have a lot of opportunities to increase our customer database in near future.
Do you think to gain orders from global companies, adopting "sustainability" has become critical?
We have been implementing environmental and sustainability targets from the beginning of our inauguration – similar to the rules of our German headquarters. Sustainability will be one of the future factors to generate more business with new customers.
Have you taken any steps towards sustainability?
As part of our social responsibility every employee of the KRAMSKI Group is bound by the Corporate Code of Law/Living Shared Values. This ensures that all of KRAMSKI’s business practices are carried out with integrity, honesty, fair practices and compliance with all applicable laws in line with the United Nations Global Compact.
What are the key challenges for growing your business and increasing exports?
Government bureaucracy needs to minimise in the midterm for successful growth, especially in importing and exporting goods. Stable and consistent electric power to industries is needed to reduce rejections, breakdowns, dependency on DGs, and thereby help in reducing pollution. Development of local raw material manufacturing hubs is essential to reduce cost impacts on manufacturing goods in India.
How do you intend to grow your business in the next 2 years?
With the increase in opportunities, it is important that we stay in touch with our existing as well as possible new customers for implementing new business and transferring or localising existing projects. Investing with a long-term perspective and fulfilling these investments with new orders will be the priority while ensuring employee satisfaction, as this ultimately leads to the company’s stability in the long term and a healthy growth in business.
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