ENGEL
Austrian machinery manufacturer expands in Shanghai / Ten-year anniversary of first China plant / Further growth in Asia forecast
Austrian injection moulding machinery manufacturer Engel (Schwertberg; www.engelglobal.com) has completed a second major expansion of its facilities in Shanghai / China, just as it celebrates the 10th anniversary of its subsidiary, Engel Machinery (Shanghai).

The company invested EUR 7.5m in this latest expansion, which saw the addition of two building complexes, a new production hall that includes offices and a training workshop as well as the lengthening of an existing office building.

Engel’s CEO, Christoph Steger, is expecting further growth in Asia, mostly due to Southeast Asia’s “very dynamic markets” and “China’s strong demand for integrated and automated manufacturing equipment.” He noted that manufacturing processes were becoming increasingly complex, which required even more intensive cooperation between Engel and its customers. “More and more, we are becoming a partner for continuous process optimisation over the complete life cycle of the machines and production systems. Our investment in the Shanghai site reflects this trend,” said Steger.

Asia accounted for 20% of Engel’s global turnover of EUR 1.36 bn in the 2016-2017 fiscal year, with 90% of that share coming from China and South Korea.
09.10.2017 Plasteurope.com [238046-0]
Published on 09.10.2017
Engel: Werksausbau in Shanghai fertiggestelltGerman version of this article...

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