Biggest turnover yet for Engel

Injection molding specialist Engel says that it had a €1.7 bn turnover in 2022, reportedly its highest yet, and an increase of 13% from 2021.

According to the company, its automotive, medical, packaging, and technical molding businesses c contributed to this growth.

“The automotive industry has been the strongest driver of our success over the last fiscal year,” a press release said. “This sector has proven to have a significant impact on economic growth, especially in Asia and North and South America.”

“We are confident that by consistently following our strategic goal to drive innovations and be an industry leader, we have set ourselves up for success in the upcoming year,” added Stefan Engleder, CEO.