Engel unveils fourth German subsidiary

PLASTICS & RUBBER WEEKLY

Published: April 26, 2013 1:07 pm ET
Updated: April 26, 2013 1:09 pm ET

Related to this story

Topics Machinery
Companies & Associations Engel Holding GmbH

WURMBERG, GERMANY – Engel Holding GmbH, the Austrian-headquartered injection molding machine maker, has opened its fourth subsidiary in Germany at a cost of around 5 million euros ($6.5 million).

The new facility at Wurmberg, near Stuttgart, houses sales and service activities and is staffed by 22 employees, according to the company.

Opening the new office last week, CEO Peter Neumann said Germany was the company's most import market, generating around a quarter of its 834 million euros ($1.086 billion) in annual global sales.

"In the last few years we have continuously increased our market share in Germany. Our investment in South Germany sees us do justice to this growth," he added.

Engel said it would seek to grow the Wurmberg facility in the mid-term.


Comments

Engel unveils fourth German subsidiary

PLASTICS & RUBBER WEEKLY

Published: April 26, 2013 1:07 pm ET
Updated: April 26, 2013 1:09 pm ET

Post Your Comments


Back to story


More stories

Image

Haitian aims to revolutionize US molders' purchase process

March 27, 2015 9:00 am ET

Haitian International Holdings Ltd. (Booth W3683) is introducing new machines to North American molders with four presses on display at its large...    More

Image

Techmer PM planning new compounding plant

March 26, 2015 3:30 pm ET

As crowds gathered around their 3-D-printed Shelby Cobra sports car, Techmer PM officials revealed that the firm will open a new materials plant in...    More

Itech South buys 7 Negri Bossi presses

March 26, 2015 4:51 pm ET

Itech South, part of Injection Technology Corp., bought seven Negri Bossi injection molding presses, equipped with Sytrama robots, at NPE 2015.    More

Image

Uniloy Milacron, 20/20 ink massive structural foam press sale at NPE

March 26, 2015 4:19 pm ET

20/20 Custom Molded Plastics Ltd. bought four Uniloy Milacron structural foam machines, in a deal signed March 25 at NPE 2015.    More

Image

Customs snafu snags Boy Machines

March 26, 2015 9:42 am ET

ORLANDO, FLA. — With apologies to poet Robert Burns, this year’s NPE in Orlando definitely proved that “sometimes the be...    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events