Engel turnover tops EUR 800 million

qiangzi

Wednesday, June 20, 2012

Schwertberg, Austria - For the first time in its history, Engel Austria’s turnover exceeded EUR 800 million in fiscal year 2011/2012. Two factors in particular have contributed to the upsurge, including the introduction of the energy-saving Engel Ecodrive option and the consolidation of system solutions. With global sales of EUR 834 million, 2011/2012 was the most successful fiscal year in the history of Engel Austria. Having generated just EUR 358 million in 2009/2010 (the year of the crisis), turnover increased by 72 percent to EUR 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.”