Engel rides global upturn to 72% surge in sales


Injection molding machinery manufacturer Engel has recorded strong growth in its latest financial year, seeing sales rebound from €358 million in the year ending March 2010 to €615 million in the year to March 2011. Business in big machines in China is helping fuel the growth, one reason the company is set to double its manufacturing capacity there.

One factor behind Engel's strong growth was a resurgent automotive industry, where processors were not only investing in replacement machinery but also in new processing innovations, according to Gerd Liebig, group marketing director and head of sales at Engel Austria (Schwertberg, Austria). "I estimate 10% of investment is in injection machines featuring new innovations," he said during an interview with PlasticsToday at the Chinaplas trade show in Guangzhou (May 17-20)....
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