ARBURG
Injection moulding machinery manufacturer reports declining orders / Automotive crisis and trade conflicts are the main burdens
“We are feeling a significant decline in incoming orders,” said Michael Hehl at the press conference of the injection moulding machinery manufacturer Arburg (Lossburg / Germany; www.arburg.com), traditionally held on the eve of the “K 2019” fair in Düsseldorf / Germany. The company had already reported a slowdown in new orders in spring.

The current difficult economic situation is marked by the “far-reaching change” in the automotive industry, and according to Hehl, the effects of global trade disputes have become more noticeable since then. Accordingly, Arburg is unlikely in 2019 to achieve last year’s record turnover of EUR 754m.

The decline mainly affects the less complex machinery, while ambitious solutions and turnkey systems are still in high demand, added sales director Gerhard Böhm. He said it was proof of the global nature of the markets that “together, we are going up, and quite naturally, we are also going in the opposite direction together.”

Despite the current difficult environment, Hehl is looking forward with optimism. “We invest anti-cyclically in technology, infrastructure and personnel.” As an example, he referred to the two-digit million euro investments in the training centre that will be officially opened in spring 2020 and in the assembly hall for large injection moulding machinery and turnkey systems – both are currently under construction at the company’s headquarters. In addition, there are international investments such as the expansion of the company’s US headquarters, a doubling of space for the Italian branch and a new building expanding the French branch.

Arburg currently has around 3,200 employees worldwide, including 2,650 in Germany. A further 550 work in its sales and service companies at 34 locations in 26 countries.
17.10.2019 Plasteurope.com [243680-0]
Published on 17.10.2019
Arburg: Auftragseingang leidet unter Autokrise und HandelsstreitGerman version of this article...

© 2001-2020 Plasteurope.com  |  Imprint  |  Privacy

Plasteurope.com is a business information platform for the European plastics industry. It is part of KI Kunststoff Information and PIE Plastics Information Europe, one of the leading content providers for the European plastics industry. We offer daily updated business news and reports, in-depth market analysis, polymer prices and other services for the international plastics industry, including a suppliers guide, career opportunities, a trade name directory and videos.

News | Polymer Prices | Material Databases | Plastics Exchange | Suppliers Guide | Jobs | Trade Names | Videos | Associations & Institutions | Register | Advertising

PIE – Plastics Information Europe | KI – Kunststoff Information | KunststoffWeb | Plastics Material Exchange | Polyglobe | K-Profi
© 2001-2020 by Plasteurope.com, Bad Homburg
Date of print: 02.07.2020 10:45:13   (Ref: 704472781)
Text and images are subject to copyright and other laws for protection of intellectual property.
Any duplication or distribution in any media as a whole or in parts requires prior written approval by Plasteurope. URL: http://www.plasteurope.com/news/detail.asp