NEWS
Engel sales grow 11% to pass €1.5bn
Engel has announced a fourth consecutive year of growth in the year to March 2018, during which it achieved an 11% year-on- year increase in sales to just over €1.5bn. Europe is still its main market, with 53% of the total, but the Americas increased their share from 24% to 26%; Asia had 20%. North America and Asia
were the primary growth drivers, with South America also picking up speed. Within Europe, Germany remains the strongest sales market and also the most important driver of innova- tion, the company said. Packaging was the fastest growing end use market, followed by technical moulding.
Among other highlights,
Engel’s Shanghai plant sold 20% more machines in the 2017-18 financial year than the previous one. CSO Christoph Steger said that Asian markets continue to
Engel’s centre for lightweight composites in St. Valentin, Austria
have a large share in the company’s success, with demand growing particu- larly fast in China. “The investment climate in China is at a new high,” he said. The key driver in China continues to be the automo- tive industry, for which the Shanghai plant makes large-scale dual platen machines. Automotive lighting applications have been a standout and Engel used its presence at the Chinaplas fair to highlight its
capabilities here. Engel is in the middle of
its largest ever investment programme, spending €375m by 2020 to modern- ise and expand its plants worldwide. This includes an 11,500 m² expansion in one hall and a significantly larger customer technology centre at the main Schwertberg site in Austria. It is investing €160m to expand the large machine plant at St Valentin, also in Austria. �
www.engelglobal.com
Sumitomo Demag’s Italian move
Sumitomo (SHI) Demag has set up a new subsidi- ary in Italy. It will be headed by Roberto Sallemi, former owner and managing director of Macam, which had until now represented the company in Italy. The Macam workforce will transfer and additional sales, application technology and after- sales service personnel will be taken on. “Through this meas-
ure, we ensure fast-track communication and a direct connection to development, project planning and production in Germany,” said Paolo Zirondoli, director of international sales at the head office. The company has
increased its market share threefold in Italy over the past three years. �
www.sumitomo-shi-demag.eu
BASF invests in Ultrason plant in Korea
BASF has started up a new line for production of its high- temperature resistant Ultrasonpolyarylsulphone at its site at Yeosu in Korea, upping the company’s global production capacity for the polymer by 6,000tpa to 24,000tpa. “This capacity expansion will strengthen our competitive position and drive the global versatility of our polyarylsul- phone business,” said Giorgio Greening, Head of BASF’s Global Business Unit Styrenic Foams and Specialty Polymers. “The expanded production enables us to accompany our customers’ growth at a high technical level and with the opti- mum product portfolio.” Opened in 2014, the Yeosu plant was BASF’s first Ultrason
BASF has installed new Ultrason capacity in Korea 10 INJECTION WORLD | May 2018
production unit in Asia �
www.basf.com
www.injectionworld.com
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