Search History
Clear History
{{item.search_key}}
Hot Searches
Change
{{item.name}}
{{item.english_name}}
Subscribe eNews
Once A Week Once Every Two Weeks
{{sum}}
Login Register

Applications

UNITED CAPS features beverage closures at ProPak Asia

Ecomaison, Covestro, Secondly and Federal Eco Foam launch Foam Recycling project

EREMA and Lindner delivers consistent quality in post-consumer recycling

Products

Shin-Etsu Chemical to build a new plant for silicone products in China

SABIC introduces injection molding PBT resin for medical applications

Trelleborg tested Elmet’s new LSR dosing system before market launch

Activities

  • Round Table at Fakuma 2023: “Plastic – Recyclable Rather Than Problem Material!”

  • ArabPlast 2023 – The Success Journey Continues………..

  • GREAT NEWS! INAPA 2023 IS COMING BACK 24 - 26 May 2023 at JIExpo Jakarta, Indonesia

Pictorial

Industry And Market

ASEAN: The Next Manufacturing Hub

Innovative and Sustainable Packaging

Recycling and Circular Economy

Exhibition And Conference

CHINA FOCUS

K 2022 FOCUS

CHINAPLAS

CHINAPLAS 2024 Focus

CHINAPLAS 2023 Focus

News Videos

ABA FILM BLOWING MACHINE

Free The Sea: Insights into ocean plastic prevention

TechHub@CPRJ: Suzhou Yuzhen Technology at CHINAPLAS 2024

Conference Videos

【Mandarin session:Webinar playback】Asahi Kasei: How to solve the black spots in plastic molding

【Mandarin session:Webinar playback】The Digital Challenge. SACMI at CHINAPLAS 2024 See your future manufacturing today

【Mandarin session:Webinar playback】Innovative solutions from WINTEC and Piovan in the new market situation

Product Videos

Demonstration video of dual color injection molding machine, US270

Demonstration video of ZJ series double template injection molding machine

Baofeng Energy is a leading enterprise in the coal-based new materials industry chain

Exhibition

Playback TECHHUB@CPRJ Live Streaming for CHINAPLAS

Events

Playback 5th Edition CHINAPLAS x CPRJ Plastics Recycling and Circular Economy Conference and Showcase

Home > News > Injection

ENGEL: 6% decline in turnover, focuses on customized automation solutions

Source:Adsale Plastics Network Date :2024-05-03 Editor :RC
Copyright: This article was originally written/edited by Adsale Plastics Network (AdsaleCPRJ.com), republishing and excerpting are not allowed without permission. For any copyright infringement, we will pursue legal liability in accordance with the law.

ENGEL concluded the fiscal year 2023/24 with a total turnover of around EUR 1.6 billion, indicating a minor downturn compared to the previous year. The company is meeting the mixed prospects with an expansion of its global presence while setting new benchmarks in order income for customer-specific automation solutions.


ENGEL_customized automation solution.jpg


Injection molding cells ensure promising prospects in the customized automation solutions segment.

 

Minor decline in turnover

 

The ENGEL Group concluded the fiscal year with a slight decline in turnover of approximately -6% compared to the previous year.

 

According to Stefan Engleder, CEO of the ENGEL Group, stated that the volume in the injection molding machine market has fallen by up to -40% according to various association figures, yet ENGEL had succeeded in gaining shares in a shrinking market.

 

The Business Units Medical and Packaging made a significant contribution to this development. Demand for the production of diabetes therapy products remains high, especially in the American region, while the packaging industry is experiencing a boom in Europe due to new regulations.

 

In addition, the after-sales business also manifested positive growth, with a surge of almost +15% compared to the previous year.

 

Significant investment for global network expansion

 

Adhering to its growth strategy, ENGEL has allocated a substantial double-digit million figure for the expansion of the global network in the forthcoming fiscal year. In Europe, Americas and Asia, the company relies on largely independent hub structures, each encompassing sales, order processing, production, and after-sales service.

 

“Our many years of experience now allow us to implement local solutions with local R&D and manufacturing know-how. At the same time, we ensure global standards at local costs,” explained Engleder.

 

Promising prospects for customized automation solutions

 

Shortage of skilled workers and high production costs offer promising opportunities for customer-specific automation solutions. Customers are increasingly inclined to automate as many process steps as possible directly via the machine, for instance quality checks or packaging.

 

Depending on the customer's preferences, the automation required integrates seamlessly with the machine to form a high-performance injection molding cell. While the standard segment remains stagnant, customized automation solutions are witnessing a significant upswing.


 Like 丨  {{details_info.likes_count}}
Injection molding machines
Industry 4.0
Financial reports
ENGEL
 NINGBO XINGTAI TECHNOLOGY CO.,LTD      
 FCS-Group      
 Auputo Automation Products ( Dongguan )Co.,Ltd.      
 Gowin Precision Machinery Co., Ltd.      

The content you're trying to view is for members only. If you are currently a member, Please login to access this content.   Login

Leave Comment

Submit

All Comments

No Comment

{{VueShowUserOrCompany(itme.user)}}

{{ toolTimes(itme.updated_at,'s') }}

{{itme.body}}

Reply   
Submit
{{VueShowUserOrCompany(itmes.user)}} {{ toolTimes(itmes.updated_at,'s') }} Reply

{{itmes.body}}

Submit

Recommended Articles

Injection
WITTMANN launches automation cell for injection molding processes
 2024-05-27
Injection
Chen Hsong highlights advanced manufacturing solutions at NPE
 2024-05-14
Injection
Haitian International unveils fifth-generation product lineup at NPE
 2024-05-14
Injection
NPE 2024: Husky launches new HyPET 6e injection molding platform
 2024-05-08
Injection
ENGEL: 6% decline in turnover, focuses on customized automation solutions
 2024-05-03
Injection
Arburg achieves huge success in CHINAPLAS 2024
 2024-05-03

You May Also Like

{{[item['category']['name'],item['category']['english_name']][lang]}}
{{VueShowUserOrCompany(item.author)}} {{VueShowDisplayName(item.author)}}
Sponsored
{{item.title}} {{item['summary']}}
{{itags.name}}
{{item.updated_at}}
 {{item.likes_count}}       {{item.comments_count}}

You May Be Interested In

Change

  • People
  • Company
loading... No Content
{{[item.truename,item.truename_english][lang]}} {{[item.company_name,item.company_name_english][lang]}} {{[item.job_name,item.name_english][lang]}}
{{[item.company_name,item.company_name_english][lang]}} Company Name    {{[item.display_name,item.display_name_english][lang]}}  

Polyurethane Investment Medical Carbon neutral Reduce cost and increase efficiency CHINAPLAS Financial reports rPET INEOS Styrolution Evonik Borouge Polystyrene (PS) mono-material Sustainability Circular economy BASF SABIC Multi-component injection molding machine All-electric injection molding machine Thermoforming machine
Top
Feedback
Chat
News
Market News
Applications
Products
Video
In Pictures
Specials
Activities
eBook
Front Line
Plastics Applications
Chemicals and Raw Material
Processing Technologies
Products
Injection
Extrusion
Auxiliary
Blow Molding
Mold
Hot Runner
Screw
Applications
Packaging
Automotive
Medical
Recycling
E&E
LED
Construction
Others
Events
Conference
Webinar
CHINAPLAS
CPS+
Official Publications
CPS eNews
Media Kit
Social Media
Facebook
Youtube