back to top
My wish lists
Save your wish list
If you want to add more content to your wish list, simply log in. If you do not have a user account, please register for the Hanser Customer Center.

» Do you already have a user account? Please log in here.
» Don't have a user account yet? Please register here.
Your wish lists
If you want to use your wish list during your next visit, simply log in. If you do not have a user account, please register for the Hanser Customer Center.
» Do you already have a user account? Please log in here.
» Don't have a user account yet? Please register here.

« Back

Your advantages at a glance

  • One login for all Hanser portals
  • Individual home page for faster access to preferred content
  • Exclusive access to selected content
  • Personal wish lists on all portals
  • Central management of your personal information and newsletter subscriptions

Register now
Deutsch
Bookmark Bookmarked
05-26-2019

Engel Group Once Again Raised Sales

Fiscal Year Ends with Growth

2018 was a good year for Engel: The Engel Group saw out the 2018/19 fiscal year, which closed at the end of March, with a turnover of EUR 1.6 billion. The injection moulding machine manufacturer and systems solutions provider headquartered in Schwertberg, Austria, once again raised its sales, achieving a six percent increase over the previous year. “Asia and the German-speaking countries in Europe have been the primary factors behind our new sales growth,” reports Dr. Christoph Steger, CSO of the Engel Group, at the opening of the Chinaplas plastics industry trade fair in Guangzhou, China.

  • The expansion of Engel's headquarters in Schwertberg involved scaling up the assembly area, adding a new customer centre and a larger technology centre (© Engel)

    The expansion of Engel's headquarters in Schwertberg involved scaling up the assembly area, adding a new customer centre and a larger technology centre (© Engel)

  • Sees the Business unit structure established successfully in Asia: Dr. Christoph Steger, CSO of the Engel Group (© Engel)

    Sees the Business unit structure established successfully in Asia: Dr. Christoph Steger, CSO of the Engel Group (© Engel)

  • Gero Willmeroth, president for East Asia and Oceania at Engel (© Engel)

    Gero Willmeroth, president for East Asia and Oceania at Engel (© Engel)

  • Adam Zhang, Sales and Service President at Engel Machinery Shanghai (© Engel)

    Adam Zhang, Sales and Service President at Engel Machinery Shanghai (© Engel)

1 | 0

Commercial - the next slide will be displayed in seconds - skip

Commercial - the next slide will be displayed in seconds - skip

As stated in a press release, Engel generated 54 percent of its turnover in Europe, while Asia accounted for 21 percent and the Americas for 24 percent. Steger believes that Engel has managed to maintain its leading global position in injection moulding machines and integrated systems solutions as a result of its strong international presence, ability to innovate, and consistent focus on quality and customer service. “Custom-built systems solutions have once again grown as a share of our incoming orders. As well as our expertise in automation, investment decision-makers are focusing more and more on Engel's leading role in digitalisation and the networking of injection moulding processes.”

Worldwide Decline in Automotive Production

Despite robust growth rates characterising the first half of the 2018/19 fiscal year, Engel has noticed a worldwide decline in production since last summer in the automotive industry, its most important target sector. According to Gero Willmeroth, president for East Asia and Oceania at Engel, it is difficult to gauge the impacts of punitive tariffs and sanctions, Brexit, and the debate around regulatory limits and bans on diesel, which has resulted globally in feelings of uncertainty and a reluctance to buy. In China, the world’s largest market for cars, the automotive industry has accounted for a significant share of the decrease in economic growth since autumn 2018. “Overall, we’re expecting a sideways movement for Asia for the current fiscal year”, he stated.

Electric Vehicles Driving Growth

Particularly in Asia, the market share held by electric vehicles is continuing to increase substantially. Engel, which has its own Center for Lightweight Composite Technologies is a partner and supplier to car manufacturers all over the world in the field of lightweight construction, including in China. “We have a growing number of organomelt projects with Chinese firms,” Willmeroth said. The organomelt process makes it possible to form fibre-reinforced, semi-finished products with a thermoplastic matrix in an integrated and fully automated process, as well as functionalising these products through injection moulding. Demand for the process has been growing heavily since large-scale application began last year thanks not only to its high processing efficiency, but also, and in particular, the consistent thermoplastic approach. This makes it easier to recycle the composite components, helping to promote a circular economy.

There is also growth in the lighting sector, in which liquid silicone rubber (LSR) is increasingly being used as a lens material. At its Chinaplas booth, Engel demonstrates the potential in this application area, manufacturing LED headlight lenses from LSR in an automated process that requires no reworking. As another encouraging development Willmeroth mentioned the burgeoning demand in Vietnam. “As a result of the automotive industry establishing itself there, there are more and more suppliers – including from Korea – setting up company premises in the vicinity of car manufacturers,” he said.

Expecting Further Growth

In Asia, Engel is expecting further impetus for growth for the current fiscal year in the medical, packaging, telecommunications and electronics markets. In the latter two areas this growth is expected to stem from both camera lenses and LSR processing for smartphone seals. The all-electric and tie-bar-less e-motion TL injection moulding machines were developed by Engel for this exact market segment and have had great success establishing themselves in the teletronics industry in Asia.
Engel was also able to acquire a series of new customers in the medical and packaging sectors during the fiscal year just passed. “The introduction of the business unit structure in Asia is now well and truly bearing fruit,” commented Willmeroth. Last autumn, Engel grouped its 30 subsidiaries and more than 60 representative offices in seven regions around the world and appointed regional presidents and sped up decision-making processes this way.

Investment Program Almost Completed

Engel has almost completed its 2020 investment programme, the largest effort of its kind since the company was founded in 1945. Capacity has been increased at almost all production sites, while machinery has been upgraded. Shanghai was one of the first construction projects within the 2020 programme. The new building was inaugurated within a punctual time-frame on the plant’s tenth anniversary in autumn 2017. The expansion of its headquarters in Schwertberg was recently completed. The large-scale machine plant in St. Valentin, Austria, will also be home to a new, larger technology centre. Construction work will be completed next year. All in all, Engel has invested more than EUR 375 million in its plants around the globe. (bf)

Company profile

Engel Austria GmbH

Ludwig-Engel-Straße 1
AT 4311 SCHWERTBERG
Tel.: +43 50 620-0
Fax: +43 50 6203009

These articles might be interesting for you
Newsletter

Would you like to subscribe to our Newsletters on plastics technology and profit from the latest information?

Subscribe here

Subscribe here

Job Advertisements

Looking for a new challenge? Check out our jobs market!

Job Advertisements

Patents Stimulate Innovation

Patents encourage innovation: Stay on the ball with the latest innovations in the plastics industry in our patents section.

Patents