Krones AG is a Germany-based company engaged in packaging and bottling machine manufacturing. The Company's activities are divided into three segments. The Machines and lines for product filling and decoration segment covers systems, product treatment, labeling, inspection, filling, cleaning, plastics, packaging and palletizing, as well as conveying systems technology for the beverage, food, chemicals, pharmaceuticals, cosmetics and tobacco industries, among others. The Machines and lines for beverage production/process technology segment includes brewing and filtration technology, information technology, internal logistics and product treatment technology. The Machines and lines for the low output range segment focuses on the scaled down versions of its machines for product filling and decoration. It also manufactures stretch blow-molding machines for producing Polyethylene terephthalate (PET) bottles. As of December 31, 2011, it operated though numerous subsidiaries worldwide.