GUANGZHOU, China—Injection molding press and robot maker Engel Holding GmbH generated sales of $1.5 billion in the fiscal year ended March 31—an increase of 8.6 percent from the year before.
Engel officials said that marked the third straight year of increasing sales.
Engel, based in Schwertberg, Austria, began the new fiscal year with a workforce of 5,900, a new record—and employment will pass the 6,000 level in its first quarter, officials said.
Engel released the financial results May 15, just before the Chinaplas trade show in Guangzhou. Directors of the company said Asia has played a big role in the growth of Engel Group.
"Asia grew faster than average in the last fiscal year, primarily due to China," said Christoph Steger, chief sales officer. "On top of this, we are benefitting from the strong momentum in Southeast Asia."
Steger said Engel is experiencing growth in Europe and North America as well.
The Engel directors think the growth will continue in the new business year, but "at a somewhat lower level than in the recent past."
Steger said integrated turnkey systems are fueling more orders, worldwide. "Customized solutions are currently our main driving force for growth," he said. "Here, too, Asia, and China in particular, grows at above-average rates."
At its headquarters, Engel maintains separate teams of employees dedicated to specific markets of automotive, technical molding, electronics, packaging and medical. More than two years ago, Engel named unit manager of these industry-specific business units at in North America, where its operation is based in in York, Pa.
Now Engel is introducing the business-unit structure in Asia, at its site in Shanghai.
"This is an important step in our efforts to strengthen our technological expertise here in Asia," said Gero Willmeroth, sales and service president at Engel Machinery Shanghai.
Steger said Engel wants to work more closely with customers to help them gain fully connected factories, under Industry 4.0.
The machinery manufacturer also is strengthening its customer service. Engel named its first service manager for Southeast Asia in April: Dave Lock, a native of Great Britain who has lived in Thailand for five years.