07/27/2012

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Engel generates sales of over EUR 100 million in Asia

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. In the future, more than 200 machines of the Engel duo series will leave the plant each year. Engel has invested EUR 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 moulding machines in Pyungtaek City, South Korea, which is due for completion in spring 2013. The plant's present output of 650 injection moulding machines is to be increased to about 1,100 units. For the Southeast 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 2011/2012, 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 success in Asia has made a significant contribution to this growth in revenue, says the company.

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