Mapal achieves 6% growth

Posted on 12 Aug 2017 and read 289 times
Mapal achieves 6% growthGerman cutting-tool manufacturer Mapal (www.mapal.com) has announced that consolidated group sales rose by around 6% in 2016 (from 540 million euro to 575 million).

The number of employees also increased by 4%, from 4,800 to nearly 5,000 world-wide (around 3,400 of them in Germany).

Company president Dieter Kress said: “The results show that we are on the right path with our projects and the orientation of the company.” According to Mapal, innovation continues to be a key driver behind its success.

Board member Jochen Kress added: “This year, we will be able to offer our customers comprehensive digital tool management based on our c-Com open-cloud platform.”

As well as its spending on R&D, Mapal is also implementing several construction projects at international locations.

For instance, the company is increasing its investments in infrastructure in the USA, China and Mexico.

In addition, it has acquired a majority stake in Adico, a South Korean manufacturer of PCD and PCBN.

Be seen in all the right places!

Northern Manufacturing 2017 MTA Hanoi 2017 MATOF 2017 - Korea Int'l Manufacturing Technology Advanced Engineering UK 2017 Metalex 2017 EUROTOOL 2017 Engimach 2017 Machine Tool Indonesia 2017 Steelfab 2018 WIN Eurasia 2018 MACH 2018