Engel Korea: Production Capacity Doubles
In future, around 1,200 injection molding machines will roll off the production line every year at Engel’s plant in Pyungtaek City, South Korea – almost double the present amount. On 11th March, Engel Machinery Korea, subsidiary of Engel Austria GmbH, Schwertberg , Austria, celebrated the expansion and modernization of the facility in the company of clients, partners and high profile local politicians. The company has invested a total of EUR 8 million in South Korea. Nearly 150 guests accepted invitations to discover the benefits of Engel Machinery Korea’s improved performance.
“Engel wants to lead the world when it comes to generating customer benefit. To achieve this, customer proximity has to be a firm priority. We also need to ensure our injection molding machines and system solutions are of a consistently high quality around the world. Our considerable success in Asia has shown that we’re on the right track with this strategy”, emphasized Dr. Peter Neumann, the CEO of Engel Holding in Austria. In recent years, Engel has succeeded in steadily raising its market share in Asia. In fiscal year 2011/2012 the figure approached 10% for the first time as an Asian sales record of EUR 125 million was achieved.
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