A successful year for the MAPAL Group
Dr Jochen Kress reports on the 2018 financial year
The international MAPAL Group recorded growth of almost five percent for 2018. Political and economic uncertainties make a forecast for 2019 difficult.
Asia remains the most important market after Germany
The Group is also strengthening its presence in the Americas. “We have expanded our location in Fountain Inn, South Carolina,” explains Dr Jochen Kress. A completely new plant was also opened in Mexico in February 2019. In Germany, capacity at the Centre of Competence for solid carbide tools in Altenstadt is currently being increased with a new production hall. In addition to new buildings and expansions, there are continuous investments in new machinery all around the world in order to maintain the highest level of quality and productivity.
Focus 2019 on tool and mould making, electromobility and digitalisation
There is also a continued focus on digitalisation and thus on MAPAL’s subsidiary c-Com, which has broadened its focus. “We have seen in practice what many companies are lacking, especially small companies, and that is something that makes access to the digital market easier for them,” says Kress. For this reason, c-Com offers a range of modules that help companies get started in this area. These include the module for efficient regrinding handling and the new c-Connect Box to make machine monitoring easy.
“2019 is certainly going to be an interesting year, both economically and politically,” concludes Dr Jochen Kress. “Whatever it brings, we have confidence in our capacity for innovation and our flexibility, which are based on our employees’ skills.”