Engel, one of the global leaders in the manufacture of plastics processing machines and system solutions provider is continuing to go strong in Asia and German-speaking Europe.
Engel is expecting a group turnover of about 1.6 billion euros at the end of March 2019, showing an increase of 6% over the previous year. The group had a much better turnover in the 2017/2018 fiscal year with an increase in its turnover by 11% worldwide to 1.51 billion euros. The latest revenue status showed that Europe had a share of 53% followed by 24% by America and 22% by Asia. Dr. Christoph Steger, CSO of Engel Holding, reported at Fakuma 2018, “Asia is continuing to develop very dynamically.”
Engel expects a further growth in the DACH countries (“D” for Germany, “A” for Austria and “CH” for Switzerland), which are German-speaking nations of Europe. Steger, commented, “We are currently above where we were one year ago in terms of incoming orders in the DACH region.”
Germany has continued as the key engine of innovation for Engel. Engel has been able to achieve an increase in sales by 50% in Germany over the past five years. In addition to its turnover, Engel will be employing 6,800 people around the globe, around half of which will be in Austria.
Engel is improving its human resources to meet the changing needs of its customers. Digitalization and continuing advances in process integration and automation are enhancing the consulting services. Engel will be able to provide even better support to processors during their routine production operations due to networking and connectivity leading to develop new business models. In addition to sales, the teams have been strengthened worldwide, especially in the service area.