The year in progress is shaping up to be a banner one for Engel in Germany, its most important market, with record revenue expected there. As a result, the Austrian injection molding machine manufacturer is expanding, with new sales and service employees as well as an expanded footprint at the company's automation center in Hagen.
Engel's German subsidiary chalked up €123 million in revenue and orders worth €162 million during the 2010/2011 business year, numbers the company says indicate a rapid improvement from the 2007-2008 crisis years. For the financial year in progress (2011/2012) the company is predicting record revenue out of Germany s it rides the successful reemergence of that country's automotive industry. Engel is one of the few companies able to supply the large multi-component machines often sought by automotive systems suppliers. In a high-wage country such as Germany, efficient, economical processing cells are in demand," according to Ralf Christofori, director of the company's sales and service offices in Nuremberg....