Skip to main content
Sister Publication Links
  • Middle East Foam & Polyurethane
  • UTECH Asia/PU China
  • UTECH Europe
  • UTECH Las Americas
Subscribe
  • My Account
  • Login
  • Subscribe
  • Coronavirus
  • News
    • Asia
    • Americas
    • Europe
    • M & A
    • Financial results
    • Automotive
    • Introducing UTECH Southeast Asia 2022
      PU for rechargeable electrostatic face masks
      Stellar Q4 performance saves Wanhua 2020 earnings
      2020 proved fruitful for Vitafoam Nigeria
    • Mlily to increase US market share following anti-dumping duties
      US footwear imports up 25% in November 2020
      Introducing UTECH Southeast Asia 2022
      PPG buys polyurea company Versaflex
    • Bosnian producer to invest in new PU panel factory
      Covestro wins ISCC Plus certificate for Krefeld MDI
      Car sales down 25% in Western Europe in 2020
      Plixxent joins PU Europe
    • PPG buys polyurea company Versaflex
      Recticel buys FoamPartner
      Recticel upgrades Q3 outlook despite raw material tightness
      Covestro broadens PU portfolio with DSM purchase
    • Mlily to increase US market share following anti-dumping duties
      Stellar Q4 performance saves Wanhua 2020 earnings
      2020 proved fruitful for Vitafoam Nigeria
      Perstorp granted new credit facility
    • Car sales down 25% in Western Europe in 2020
      Patchy coronavirus effects hit global car sales in November
      November continues fall in Western Europe's car sales
      Antolin's business improved in Q3 2020
  • Data
  • Information
    • Country Overview
    • Market Sector overviews
    • Technical articles
    • Company profiles and strategies
    • China’s PU industry on the path to recovery; plans for technology upgrades
      Chinese cold chains grow bigger
      Flexible foam rises to challenges in the Middle East and Africa
      Life at the cross-roads: what does the GCC offer PU?
    • Europe's flexible foam makers face rising prices as outages hit markets
      Western European car registrations rebound slowed in September
      Western European car registrations regained some ground in August
      Western European Car registrations rebound continued in July
    • Take out the VOC with hybrid release agents
      Batteries give pultrusions power
      Seeing a way through VOC and FOG
      Aromatic polyols for simpler rigid PU formulations
    • Hennecke and Frimo: an automotive partnership
      Pushing ahead: AutoRIM drives KM’s UK growth
      BASF opens it first ‘Creation Center’ in Mumbai with a PU twist
      Persistence pays off for CTM
  • Events
    • Exhibitions
    • Conferences
    • Webinars / Livestreams
    • Become a Speaker
  • Advertise
  • Contact Us
  • Issues
  • Subscribe
MENU
Breadcrumb
  1. Home
  2. News
June 01, 2009 12:00 AM

Engel reveals crisis but backs technology drive

Utech Staff
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    By John Whitehead, European Plastics News

    Engel ceo Peter Neumann has painted a bleak picture of the current injection moulding machine market, warning that global sales this year are likely to amount to just 39 000 units, compared to 91 000 units in 2007.

    Speaking at the company's technical symposium in St Valentin, Austria, Neumann forecast European sales of 7 000 machines, half the level of two years ago. Sales in the Americas for 2009 are predicted to total 4 000, down from 7 000 in 2007, while the Asian market is forecast at 28 000 machines compared to 70 000 in 2007.

    Neumann said sales to the automotive sector are likely to be down by 70 percent in 2009, while sales to the technical moulding sector are forecast to drop by 65 percent and to packaging firms by 15 percent. Only medical sales will show a positive trend, with a 5 percent rise, he said.

    For Engel, the impact of the crisis is likely to be a drop in turnover to Euro 400 million ($566 million) for financial year 2009/10, which began in April, compared to Euro 591 million in 2008/09.

    Engel will maintain its development efforts, whose fruits were on display for the 2000 visitors from 45 countries who attended the event, Neumann stressed. Some 20 machines featuring a wide variety of technologies were on display at the company's St Valentin plant, home of its bigger machine range.

    Developments on show included smaller models in the Duo pico two platen range, new Clearmelt technology for over moulding with transparent polyurethane for high quality, scratch resistant surfaces and fast cycling electric machines for packaging. The company also highlighted its new Onyx ultra hard wearing screw and new e-factory software module.

    Underlining Engel's successful growth in recent years, Neumann disclosed that the company puts its share in the European market at 27 percent, compared with 19 percent in 2004. Worldwide, the company holds a 13 percent share of the market, he estimated.

    The company had discussed whether to go ahead with the event in view of the crisis, he acknowledged, but decided that the importance of showing its continuing innovation successes justified the decision.

    "

    Recommended for You
    Bosnian producer to invest in new PU panel factory
    Bosnian producer to invest in new PU panel factory
    Mlily to increase US market share following anti-dumping duties
    Mlily to increase US market share following anti-dumping duties
    Covestro wins ISCC Plus certificate for Krefeld MDI
    Covestro wins ISCC Plus certificate for Krefeld MDI
    Latest Issue
    Click HERE for Free Download
    View All Archives
    Get our newsletters

    Breaking news and in-depth coverage of essential topics delivered straight to your inbox.

    Subscribe today

    Register to access our archive of leading information on the polyurethanes industry.

    Subscribe now
    Connect with Us
    • Twitter
    • LinkedIn
    • Facebook
    • Youtube

    Follow us on social media for the latest polyurethanes industry news and event updates.

    Logo
    Contact Us

    Office 127,
    61, Willow Walk,
    London
    SE1 5SF
    E-mail us
    +44 (0) 203 287 5979

    Customer Service:
    +1 313 446 0450

    Resources
    • Advertise with Us
    • Media Kit
    • Staff
    • Careers
    • Ad Choices Ad Choices
    • Sitemap
    Legal
    • Terms and Conditions
    • Privacy Policy
    • Privacy Request
    Copyright © 1996-2021. Crain Communications, Inc. All Rights Reserved.
    • Coronavirus
    • News
      • Asia
      • Americas
      • Europe
      • M & A
      • Financial results
      • Automotive
    • Data
    • Information
      • Country Overview
      • Market Sector overviews
      • Technical articles
      • Company profiles and strategies
    • Events
      • Exhibitions
      • Conferences
      • Webinars / Livestreams
      • Become a Speaker
    • Advertise
    • Contact Us
    • Issues
    • Subscribe