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Engel reaps reward from investment injection

25/06/2012


Investment in new capacity, new machines and a number of key R&D projects helped Engel, the injection moulding machine group, raise turnover by a third in the last financial year.
Engel’s sales in 2011/2012 were a record €834m (£676m), an increase of 33% on 2010/2011's numbers and 133% up on the €358m (£290m) it posted during the recession in 2009/2010.
The Austrian group announced the results at its triennial symposium, held in Linz and St Valentin, where it launched several new machines and technologies, including a new concept using in-situ polymerisation to produce composite parts.
Asia has been a high-growth market for the company and it is aiming to increase sales in the region from €125m (£101m) in 2010/2011 to €200m (£162m) in 2015. Engel’s investments have led to capacity increases at its plants in Shanghai, China and Pyungtaek, South Korea.
Other investments in Europe have included €2m (£1.62m) at its Hagen facility in Germany to support rising orders for its robots. This year, the company will also open a “technological forum” at a new location in Stuttgart, Germany, where systems and technologies can be demonstrated to customers.

Plastics.ru

     








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