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Engel completes plant expansion in South Korea

April 08/2013

MOSCOW (MRC) -- Engel, the largest producer of injection moulding machinery worldwide, intends to almost double the present output of injection moulding machines at its plant in Pyungtaek City, South Korea, according to GV.

Thus, the company plan to produce around 1,200 injection moulding machines every year at its South Korean plant.

In March, Engel completed the expansion and modernisation of the facility. The company has invested a total of EUR8 million in South Korea.

"Engel wants to lead the world when it comes to generating customer benefit. To achieve this, customer proximity has to be a firm priority. We also need to ensure our injection moulding machines and system solutions are of a consistently high quality around the world. Our considerable success in Asia has shown that we're on the right track with this strategy", emphasised Dr. Peter Neumann, the CEO of Engel Holding in Austria.

In recent years, Engel has succeeded in steadily raising its market share in Asia. In fiscal year 2011/2012 the figure approached 10% for the first time as an Asian sales record of EUR125 million was achieved.

On the fast-growing markets of Asia, the Pyungtaek City subsidiary plays a key role for Engel. The company has been producing small and medium-sized machines in the clamping force range of 25-400 tonne in Korea since 2001, including machines for the Engel victory, e-mac, e-motion, and insert series. 30% of these machines stay in Korea, with 70% exported to China and other Asian nations. Clients include high profile global players (especially in the automobile and electronics industries) alongside smaller local plastics processing firms.

Engel's production plant in Shanghai was also significantly expanded just last year. The company has been producing large-scale machines for the duo series in China since 2007. According to Engel, the company is now the only western producer of injection moulding machines with two production sites in Asia.

Also, as MRC wrote previously, in late 2012, Engel invested EUR2.3 mlm in its facility in Dietach, Austria in order to introduce synchronised line assembly and modernise the machine farm in its robot plant. The latest investment in Dietach sees the third Austrian production facility follow suit.

Engel is, as a single brand, the largest producer of injection moulding machinery worldwide and a leader in the field of injection moulding technology. Engel's integrated systems solutions include injection moulding machinery, automation, process technology, tool design, training and service. Engel supplies 50% of all large-scale machines and 35% of the small to medium-sized machines with automation included, and the figures are still rising.
Author:Margaret Volkova
Tags:IM, Engel, U. Koreya.
Category:General News
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