K 2022
(CPRJ Direct) ENGEL gears up as demand on decline
Oct 24, 2022
00:57
At the press conference for K 2022, ENGEL said it has noted a decline in incoming orders since August. This is mainly attributable to the construction and infrastructure industries. Nevertheless, automotive industry is still performing well globally.
The European region is being hit particularly hard by rising energy prices and the demand for energy-saving solutions is high. In China, ENGEL is performing well, especially with integrated production cells with a high degree of automation.
ENGEL firmly believes that energy efficiency, circular economy and digitalization are the trends that offer growth potential in challenging times.
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