Engel reveals more details about Wintec expansion, growth plans for Asia

By Nina Ying Sun
Assistant Managing Editor

Published: May 13, 2014 12:53 pm ET
Updated: May 13, 2014 12:56 pm ET

Image By: Adsale Group Engel Holding GmbH will still sell presses under its own name in addition to its new Wintec brand.

Related to this story

Topics Injection Molding, Materials Suppliers, China, Asia, CHINAPLAS
Companies & Associations Engel Holding GmbH

SHANGHAI — Wintec is the secret weapon for Engel Holding GmbH to boost its market share in Asia — where it now sits below the global average for the world’s largest injection molding machine maker.

The family-owned business sent its top executives from Schwertberg, Austria, to Shanghai for the official launch of Wintec at Chinaplas April 23-26.

As Engel CEO Peter Neumann put it at the Chinaplas media day event: “Today is the birthday of Wintec. We are the parents of this product.”

As a part of the Engel Group, Wintec will function independently from Engel in Asia. It is specifically tasked with opening up sales in the commodity molders market.

Despite Asia’s strong growth and its overtaking the Americas as Engel’s second largest market after Europe, Engel’s market share here remains low at 11 percent, based on value. To put things in perspective, Engel claims 35 percent of the European market, 16 percent in Americas and 17 percent worldwide.

Wintec brings the potential to change that picture, Neumann said.

While Engel focuses on high-end applications with modular options, Wintec offers standardized machines for commodity producers — which is a big piece of the pie.

Engel’s chief sales officer, Christoph Steger, presented an interesting analysis of the injection molding machine market in Asia and China. He divided the market into five tiers: premium, technical molding, commodities, low-specs and low-tech.

The middle section, commodity molding, translates to 14,000 presses, or 33 percent of the Chinese market in 2013. Overall, the Asian commodity molding market is made up of 24,450 presses, which represent 38 percent of the total press fleet of 64,000 machines.

Wintec, with its dual-platen t-win model, is designed to tackle this sizable market segment.

The t-win presses, currently available in six sizes from 450 to 1,750 tons, deliver 23 percent higher productivity, 26 percent improved total cost of ownership, 63 percent less energy consumption and a 22 percent smaller footprint compared to local machines, according to Stefan Engleder, Engel’s chief technology officer.

The C2 control unit comes from Europe, and almost all other parts are localized.

The three main targets for highly standardized Wintec machines are white goods, automotive and other 2-platen applications, Wintec CEO Peter Auinger explained.

Wintec machines stick to high standards, albeit with reduced options, Neumann stressed.

The Changzhou plant for Wintec has 17,000 square meters of production floor space and 40,000 square meters of total area. It has the option to expand another 48,000 square meters.

The facility employs 100 and can produce 300 presses per year.

Separate from the Wintec operation, Engel has expanded its medical and packaging specialist team in Shanghai. Its new automation center in Shanghai serves to meet growing demand for automation production cells from Chinese customers.

“We expect China to be the biggest market for Engel in the future,” Neumann said.

Engel reported at Chinaplas that it reached $1.3 billion in sales in the 2013-2014 fiscal year. 


Comments

Engel reveals more details about Wintec expansion, growth plans for Asia

By Nina Ying Sun
Assistant Managing Editor

Published: May 13, 2014 12:53 pm ET
Updated: May 13, 2014 12:56 pm ET

Post Your Comments


Back to story


More stories

Image

2014 US machinery shipments up 6 percent

November 25, 2014 5:17 pm ET

Through the first nine months of 2014 U.S. shipments of primary plastics equipment — for injection molding, blow molding and extrusion —...    More

Image

Globalization brings sizable growth, primarily in Asia

November 25, 2014 1:40 pm ET

In 1990, the year after Plastics News published our first issue, there were 33,000 injection molding machines sold worldwide. Fast forward to 2013,...    More

Image

Taipei Plas vandal and German firm trade lawsuits

November 25, 2014 1:26 pm ET

Taiwan businessman Karma Tang, who splashed red paint at German firm Baumüller GmbH's Taipei Plas booth, is in a messy legal battle.    More

Image

Auxiliary equipment maker Ross expands in India

November 25, 2014 1:12 pm ET

U.S. auxiliary equipment maker Charles Ross & Son Co. is expanding in India, opening a new plant early next year in Pune.    More

Image

Uni Cap to build cap molding plant in Jordan

November 25, 2014 12:57 pm ET

The Persian Gulf's largest molder of caps and closures is investing $10 million in a new factory near Amman, Jordan, as part of an effort to boost its...    More

Market Reports

Plastics in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

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

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

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

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

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events