ENGEL Financial Results FY12

For the first time in its history, ENGEL AUSTRIA’s revenue exceeded €800 million in fiscal year 2011/2012. Two factors in particular have contributed to the upsurge: the introduction of the energy-saving ENGEL ecodrive option and the consolidation of system solutions.

With global sales of €834 million, 2011/2012 was the most successful fiscal year in the history of ENGEL AUSTRIA. Having generated just €358 million in 2009/2010 (the year of the crisis), turnover increased by 72 percent to €615 million the following year and has now risen by another 33 percent. “We have achieved this by consistently tailoring our products and system solutions to the specific needs of markets around the world and focusing on five target sectors – the automobile, packaging, medical, technical molding and teletronics sectors,” stresses Dr. Peter Neumann, CEO of ENGEL Holding. “We are continually following the big trends on the plastics markets to ensure critical competitive advantages for our customers.”

ENGEL was very quick to focus on the area of energy efficiency; introducing the energy saving ENGEL ecodrive option enabled the company to expand market share significantly in the fields of tie-bar-less injection molding machines and large two-platen machines. “Today, half of all hydraulic injection molding machines built in Europe and exported around the world are fitted with a servo hydraulic ecodrive,” reveals Neumann. Depending on the machine type and the application, ecodrive reduces the energy consumption of hydraulic injection molding machines by 30-70 percent.

Lightweight construction is another mega-trend: ENGEL has already laid down an important marker in this area with the ENGEL organomelt process for manufacturing composite fiber components in a single process step, as well as developing new concepts for in-situ polymerization. By establishing a technology center for lightweight composites in St. Valentin, ENGEL is now aiming to forge ahead with composite fiber technology together with its partners. The focus here is on highly integrated, automated manufacturing cells for the efficient and cost-effective production of innovative composite fiber components.

Further boost to automation technology

During fiscal year 2011/2012, the ENGEL Group raised its global profile in the field of automation engineering. Every second manufacturing cell realized in Europe by an injection molding machine builder is now delivered by ENGEL. “System solutions from a single source are becoming very much more important,” stresses Peter Neumann. At the same time, ENGEL has sold an increasing number of robots that can be used with third party machines or replace old equipment since the launch of the ENGEL viper linear robot series. ENGEL invested €2 million in the expansion of its German base at Hagen, the home of ENGEL Automatisierungstechnik Deutschland GmbH; the company has thereby addressed the surge in new orders and acknowledged the central importance of the German market. The new hall opened at the end of May. Germany is not only the world’s main driver of innovation in automation, but also ENGEL’s most important market overall. At the end of this year, ENGEL will open its fourth German branch in Baden-Württemberg (following on from Nuremberg, Hanover and Hagen).

Capacity expanded in Asia

From a regional perspective, Asia is currently the main centre of growth. ENGEL generated sales of €125 million in Asia for the first time in fiscal year 2011/2012. “The demand in Asia increasingly calls for an adaptation of the injection moulding machines and system solutions to the specific requirements. Thanks to our decentralized, on-site production facilities, we are able to offer clients in the region clear benefits as well as fast delivery times and a quick time-to-market,” says Peter Neumann. ENGEL’s record Asian sales are largely down to continual investment in the region. The company’s Shanghai production plant for large-scale machines in the duo series officially opened in April, having been substantially expanded at a cost of €12 million; the capacity of the plant for small and medium-sized machines in the South Korean city of Pyungtaek will also be enlarged by the spring of 2013. “In the fast-growing market segment of medium and large injection molding machines, ENGEL is now one of the leading vendors in the region,” says Dr. Neumann.

India and Thailand are contributing to expansion in Asia to an increasing extent; the significance of the Indonesian and Vietnamese markets will also rise over the medium term.

A family-run business for four generations

Since the company was established in 1945, ENGEL has been 100 percent family-owned; ENGEL is thus a stable, reliable and financially sound partner to its business associates around the world. The fourth generation of the company is now represented by Dr. Stefan Engleder, great-grandson of the founder Ludwig Engel, and his brother-in-law Dr. Christoph Steger. Dr. Engleder leads the ENGEL robotics plant in Dietach and was significantly involved in the development of the ENGEL viper linear robot series during the last years. Dr. Steger came to Schwertberg as the head of ENGEL’s packaging business unit at the beginning of 2011.

Picture below is the fourth generation of ENGEL AUSTRIA: Dr. Stefan Engleder (left) and Dr. Christoph Steger.

     

Learn more

Adams Engineers & Equipment represents ENGEL in the Southwestern United States and Northern Mexico.  To learn more about ENGEL and how its products can help improve your business, contact us today.

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