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ENGEL has grown by 14 percent

25/06/2015


ENGEL Symposium took place from 16th to 18th June 2015 in St. Valentine and Linz (Austria) and included press conference of company's managers. Dr Christoph Steger and Dr Peter Neumann, CSO and CEO in Engel correspondingly presented their reports concerning financial results and prospects in the new year. The presentations are available here.

ENGEL achieved a new record turnover of 1.07 billion euros in the 2014/15 financial year that closed with the end of March. In comparison to the previous year, the injection moulding machine manufacturer and system provider based in Schwertberg, Austria, achieved an increase of 14 percent. For the new fiscal year, it is planned to make further investments in the company sites worldwide, in the distribution and service structures and also in the apprentice workshop.

"Almost all regions have made a contribution to this success," emphasizes Dr Peter Neumann, CEO of the ENGEL Group, at a press conference in mid-June in St. Valentin, Austria during the 2015 ENGEL Symposium. "We have also continued to grow in Europe where ENGEL has already achieved a high level of market penetration." The particularly dynamic regions also include North America and China. The spring events there – the NPE in March in Orlando, Florida, and the Chinaplas in May in Guangzhou – have already confirmed the positive investment climate.
In North America, ENGEL is expecting sustained growth after two severe recessions. Many companies have brought their production back to the US and are modernising their machine parks. Low energy costs are also boosting the willingness to invest.
A growth rate of about 7 percent still makes China one of the most dynamic national economies, even if the growth is slowing.
In order to be able to provide even more individualised customer service on location, ENGEL has established its own automation centres at its production plants in York, Pennsylvania, USA, and Shanghai, China.

One focus for investments in the current 2015/16 fiscal year is on the headquarters in Schwertberg, Austria. In the summer of this year, ENGEL will already begin with the construction of a new building to the south of the factory site, thus expanding the Technology Centre that was built in 2009. The development, distribution and customer service departments will be strengthened with more personnel.
With the construction project in Schwertberg, ENGEL is also modernising its education programme. A larger apprentice workshop will also be located in the new building and furnished with state-of-the-art equipment. ENGEL will be providing its staff with optimal working conditions already as trainees with lots of daylight, ergonomic workplaces and an open atmosphere.
Around 150 of the more than 170 ENGEL trainees worldwide are in Austria.



     








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