ENGEL INDIA records exceptionally high level of orders in the financial year 2009/2010, says the company. "Investments in high-quality machines are constantly increasing in India," reports Jitendra Devlia, Manager of ENGEL Machinery INDIA Pvt. Ltd.
After the financial and economic crisis, India´s industry continues on track for modernisation. Machine imports are playing a key role in this recovery. In a highly dynamic market environment, ENGEL has developed into a top importer of high quality injection moulding machines, says the manufacturer. "In the automotive industry we are undisputedly number one in India," says Devlia.
After technical moulding, solutions for the automotive industry are thus the biggest revenue generators in 2010. In addition, major orders were received for caps and closures, a sector in which ENGEL is anticipating strong growth.
ENGEL has been engaged in India for the past twelve years with its own distribution and service subsidiary. More than 800 machines have already been installed. Over 100 new and 200 used machines were sold in 2010 alone. The trend is towards tie-bar-less machines from the ENGEL victory series. A further focus is on multi-component applications, which are very much in demand in India.
After China, India is Asia´s second most important market for European machine manufacturers. In 2009 the gross domestic product grew by 7.2 percent. Growth of 9 percent is anticipated for 2010. In 2009/2010 the demand for plastics grew by 15 percent compared to about 6 percent in previous years. The high level of growth is attributable to brisk domestic demand from the automotive, packaging, white goods, agricultural and construction sectors.