Record year for Engel

During the traditional pre-K conference on June 3 at its Schwertberg facilities in Austria, Engel publicized its record-setting balance sheet for 2012-2013. The injection moulder and robot manufacturer revealed turnover of 950 million euros, its highest ever, representing a 14% increase over the previous year and a whopping 165% over 2009-2010. And the upcoming quarter should be in line with an additional 5% yearly growth.
All markets have contributed to this outcome, with market shares currently reaching 65% in Europe (where the German market leads at roughly 20%), 17% in the Americas, and 18% in Asia. Led by China, the world's largest market for injection moulding machines, the Asian market brought in revenues of 145 million euros. The greatest dynamism is seen in the automotive and especially the packaging sector, where Engel holds a 20% share. In Europe, approximately 12% of the Austrian company's injection moulding machines are used for packaging applications.
Peter Neumann, Engel CEO stated, "Our objective is to generate the best benefits for our customers, working at their side. This means, on the one hand, increasing our global production capacity and expanding our sales and assistance networks. On the other, it means we must align our products and technologies with the needs of each and every converter in its national market and its key sectors. The extremely positive results over the past few years prove that we are on the right path, and we will continue in this direction in the future."