Lossburg, Germany — Speaking at the company's traditional annual Technology Days open house on June 23, following a two-year pause due to COVID, Jürgen Boll, managing director finance, controlling and IT at injection molding and 3D printing machinery producer Arburg GmbH + Co KG, announced that consolidated sales rose by 27 percent in 2021 to 735 million euros ($778 million).
This exceeds the level of 700 million euros ($741 million) predicted at the October 2021 Fakuma fair by around 5 percent and is "close to" the levels achieved prior to the COVID crisis, Boll said.
Arburg's owner, Hehl International GmbH + Co. KG, posted 2019 sales of 738 million euros ($781 million) and 754 million euros ($798 million) for 2018, and 698 million euros ($739 million) in 2017.
The results showed a short-term V-shaped decline and rapid recovery. Very good results in November and December had made an important contribution towards exceeding the forecast.
As the incoming orders level is "in good shape," Arburg kept to its intended production plan. Boll admitted however that the incoming orders level "has quietened somewhat" in the second quarter. This is due not only to additional insecurity since February resulting directly from the war in Ukraine, but also other partly related issues such as a return of high inflation and supply chain interruption, also from the return of COVID lockdowns in China. These issues have led to some customers postponing modernization of their machine fleets. But they continue to order spare parts as before, as they fully utilize their existing machine parks.
None of the 2020-21 COVID uncertainty prevented Arburg making large investment totaling 21.6 million euros ($22.8 million) in 2021. This money went into infrastructure and production technology and logistics at the Lossburg headquarters.
The investment went into measures to increase Arburg's already renowned exceptionally high degree of vertical integration in production means. One example of the areas benefiting from the investment is a new line for electronic circuits with surface mounted devices (SMDs), as opposed to traditional through-hole soldered wired components. Metal processing investment went into two new processing centers, a new large erosion machine for mold production, a new universal CNC cylindrical grinding machine and a new thread and gear tooth grinding machine for planetary roller screw drive components.