Royal DSM Selects MAAG Group for Expansion in Strand Pelletizing Business

Rhea-AI Summary

Dover (NYSE: DOV) announced that MAAG Group has been selected by Royal DSM to provide automatic strand pelletizing lines for the modernization of their materials compounding plant in Evansville, IN. The JSG systems from MAAG Group are designed for high throughput in plastics compounding, minimizing manual interaction and maximizing efficiency. With over 20 years of experience, MAAG Group’s systems help customers improve productivity and reduce waste. This partnership highlights Dover's commitment to delivering innovative solutions in the polymer and chemical industries.

Positive

• Dover's MAAG Group secures a contract with Royal DSM, enhancing its operational footprint.
• JSG systems are recognized for high throughput and efficiency in plastics compounding.

Negative

• None.

DOWNERS GROVE, Ill., Jan. 22, 2021 /PRNewswire/ -- MAAG Group, part of Dover (NYSE: DOV), announced that it has been selected by Royal DSM to supply them with several automatic strand pelletizing lines (Jet Stream Granulation System – JSG) for the extensive modernization and expansion of their high-performance materials compounding plant in Evansville, IN.

The automatic JSG strand pelletizing systems from MAAG Group are designed to achieve the highest throughput rates in plastics compounding. MAAG Group's JSG systems can be used across various pelletizing applications and are typically chosen by customers when a high level of automation and machine availability at the best possible pellet quality is required. The process handling is fully machine automated, and once the pelletizing process is set up, manual interaction is nearly eliminated. This makes the JSG systems particularly attractive for the pelletizing of highly filled compounding products, as well as high-quality recycling applications.

"For the last 20 years, MAAG Group's JSG systems have provided customers with a great advantage over normal strand pelletizing systems. The JSG machine is often used to process high-priced polymers, given the high level of automation which immediately feeds strand breaks back into the pelletizer during production," said Harald Zang, General Manager Sales, MAAG Group. "This avoids waste and increases the productivity of the machine, which helps generate increased turnover and profit for the customer."

Depending on customer needs, MAAG Group can set up its JSG systems with different features and process parameters, including to react on certain material properties and throughput ranges. With 65 years of experience in plastic pelletizing, MAAG Group takes care of the complete process know-how starting from the melt pump and offers a wide field of applications and tailored solutions for customers.

For more information about the MAAG Group products, please visit www.maag.com.

About MAAG Group:

MAAG Group is a broadly diversified global solutions provider with integrated and customizable systems in process technology for the polymer, chemical, petrochemical, pharmaceutical and food industries. Its Pump & Filtration Systems, Pelletizing Systems, Pulverizing Systems and Recycling Systems divisions consolidate the many years of experience and in-depth know-how of the AUTOMATIK, ETTLINGER, GALA, MAAG, REDUCTION and SCHEER product brands. MAAG Group currently employs over 1,000 people at production sites in Switzerland, Germany, Italy, the USA and China. Additional sales and service centers in France, Singapore, Taiwan, Malaysia, India, Thailand and Brazil ensure close attention to customers' needs. For more information, please visit www.maag.com.

About Dover:

Dover is a diversified global manufacturer and solutions provider with annual revenue of approximately $7 billion. We deliver innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments: Engineered Products, Fueling Solutions, Imaging & Identification, Pumps & Process Solutions and Refrigeration & Food Equipment. Dover combines global scale, operational agility, world-class engineering capability and customer intimacy to lead the markets we serve. Recognized for our entrepreneurial approach for over 60 years, our team of over 23,000 employees takes an ownership mindset, collaborating with customers to redefine what's possible. Headquartered in Downers Grove, Illinois, Dover trades on the New York Stock Exchange under "DOV." Additional information is available at dovercorporation.com.   

MAAG Group Contact:
Iris Fischer
+41 44 278 83 49
iris.fischer@maag.com 

Dover Media Contact:
Adrian Sakowicz, VP, Communications
(630) 743-5039
asakowicz@dovercorp.com      

Dover Investor Contact:
Andrey Galiuk, VP, Corporate Development and Investor Relations    
(630) 743-5131    
agaliuk@dovercorp.com

 

View original content to download multimedia:http://www.prnewswire.com/news-releases/royal-dsm-selects-maag-group-for-expansion-in-strand-pelletizing-business-301213386.html

SOURCE Dover

FAQ

What recent contract did Dover's MAAG Group secure?

Dover's MAAG Group has been selected by Royal DSM to supply automatic strand pelletizing lines for their compounding plant expansion.

What type of systems will MAAG Group provide to Royal DSM?

MAAG Group will provide automatic strand pelletizing lines known as Jet Stream Granulation Systems (JSG).

How will the JSG systems benefit Royal DSM's operations?

The JSG systems will enhance productivity and reduce waste in Royal DSM's plastics compounding process.

When was the announcement made regarding the contract with Royal DSM?

The announcement was made on January 22, 2021.

What is the stock symbol for Dover?

Dover trades on the New York Stock Exchange under the symbol 'DOV'.