FarragTech GmbH, an Austrian manufacturer of peripheral devices for plastics processing is growing under the new leadership of Aaron Farrag, the son of the company's founder.
Among others, the new CEO, who assumed the role in September of this year, has announced intentions to set up a production site in Australia with as aim to strengthen the company's position in the region and shorten distribution channels to the Asian market.
Initial talks, said Farrag, have already been conducted. The company is currently investigating the best way to move forward with the plans for the production site.
FarragTech GmbH was established by Rainer Farrag in 2005 and specialises in peripheral devices for further processing of plastic resin, increasing the quality of products as well as the productivity of the processing machines.
The portfolio of the manufacturer includes resin dryers as well as systems for internal mould cooling, as well as loader and atmospheric air-drying devices for mould area protection. The company is headquartered in Wolfurt, Austria with a production site in Slovenia.