Engel: Capacity in Shanghai Doubled
In the fiscal year 2011/2012, Engel Austria GmbH, Schwertberg, Germany, generated sales of over EUR 100 million in Asia for the first time. In order to be better prepared to handle the increasing volume of orders in the region, Engel has doubled the capacity of its large-scale machine works in Shanghai. With the expansion of production capacities in Shanghai and South Korea, the injection molding machine builder and automation expert sees itself well equipped to handle the anticipated increase in order volume from the region.
In the future, more than 200 machines of the Engel duo series will leave the plant each year. Construction work at the Xinzhuang Industrial Park was completed by the start of the Chinaplas 2012 Trade Fair. International customers, partners and representatives of the press were invited to the plant on the third day of the trade fair to gain a first-hand impression of the high quality of production and systems solution competence of the Austrian injection molding machine manufacturer.
Engel has invested 12 million in the extension of the Shanghai plant. A further EUR 8 million are being invested in the expansion of the production facility for small and medium-sized injection molding machines in Pyungtaek City, South Korea, which is due for completion in spring 2013. The plant’s present output of 650 injection molding machines is to be increased to about 1100 units.
Besides China – Asia’s largest market – the demand is also increasing in South-East Asia and India. For the South-East Asian countries, Engel is further expanding its sales office in Bangkok, Thailand, and intensifying its market activities particularly in Indonesia and Thailand.
In the fiscal year 2011/12, the Engel Group generated global sales of over EUR 800 million for the first time in the company’s history. Whereas revenues amounted to only EUR 358 million in the crisis year 2009/2010, the sales volume rose in the next fiscal year by 72% to EUR 615 million, now followed by a further 33% increase to EUR 834 million. The considerable success in Asia has made a significant contribution to this growth in revenue.
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