Precision Tools Mapal Group Increases Sales to 640 Million Euros in 2018
The internationally operating Mapal Group recorded a growth of just under 5 % in 2018. And Asia is still the second most important market for the company.
“We are quite satisfied with the result we achieved last year,” says Dr. Jochen Kress, Managing Partner of the Mapal Group. Consolidated Group sales rose from € 610 million in 2017 to € 640 million in 2018. In addition to sales, the number of employees also increased.
Mapal has consolidated and further expanded its position in all major regions. To achieve this success, substantial investments were made at the locations last year. “In Asia, we established a new joint venture in Vietnam and acquired a majority stake in ADICO, a manufacturer of PCD and PcBN cutting materials,” says Kress. After Germany, Asia continues to be the most important market for Mapal, even though - in line with the country's economic growth - growth rates in China have fallen slightly.
The company is also expanding its presence on the American continent. "We have expanded our location in Fountain Inn, South Carolina,” explains Dr. Jochen Kress. In February 2019, a completely new plant was opened in Mexico. In Germany, the capacity of the competence center for solid carbide tools in Altenstadt is currently being extended with a new production hall. In addition to new buildings and extensions, ongoing investments are being made worldwide in new machines in order to maintain quality and productivity at the highest level.
In 2019, Mapal will increase its commitment in various sectors, including tool and mold making. Challenges are also waiting in the automotive industry, says Kress: “We want to further expand our leading position in the machining of components for electrically powered vehicles.”
Focus Continues to Be on Digitalization
Another focus continues to be on digitalization and thus on the Mapal subsidiary c-Com. The focus of the subsidiary has expanded. “In practice, we have seen what many, especially small, companies lack - an offer to easy enter the digital world,” says Kress. For this reason, c-Com offers numerous modules that make this access possible. Among others, the module for efficient regrind handling or the new c-Connect Box for simple machine monitoring.
“2019 will certainly be an exciting year - be it economic or political," concludes Dr. Jochen Kress. "This makes a prediction difficult. In any case, we rely on our innovative strength and flexibility, which are based on the skills of our employees.”
This article was first published by MM MaschinenMarkt.
Original by Victoria Sonnenberg / Translation by Alexander Stark
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