Germany

Mapal sales rising by 6%

| Editor: Rosemarie Stahl

Dr Dieter Kress (President, left) and Dr Jochen Kress (Member of the Executive Board, right) in front of a painting of company founder Dr Georg Kress.
Dr Dieter Kress (President, left) and Dr Jochen Kress (Member of the Executive Board, right) in front of a painting of company founder Dr Georg Kress. (Source: Mapal)

Mapal reports a sales growth of 6% for the financial year 2016. According to the company, the consolidated group sales rose from € 540 mn in 2015 to € 575 mn in 2016.

Additionally, the number of eployees increased as well by 4%. Worldwide the number of employees has risen from 4,800 to nearly 5,000, over 3,400 of which are employed in Germany alone.

“We are very happy with the result of the 2016 financial year”, emphasises President Dr Dieter Kress. “The result shows that we are on the right path with our projects and the orientation of the company.”

Industrial Revolution: Are machines taking over?

Industry 4.0

Industrial Revolution: Are machines taking over?

07/26/2017 - While many manufacturers are already automating their processes, or at least some of them, they may have bigger problems inviting their employees on the journey towards Industry 4.0. Many workers in the industry fear for their jobs. But do they have to? And how can manufacturers prepare their workforce for digitalisation? read...

“We assume that the positive development will continue“, continues Dr Dieter Kress.

Dr Jochen Kress, Member of the MAPAL Executive Board, adds: “This year, among other things, we will be able to offer our customers a comprehensive, digital tool management based on c-Com.”

Besides research and innovation projects, Mapal also plans to implement a number of international construction projects, as the company reports. Dr Jochen Kress explains: “This year we are increasingly investing in our infrastructure in the USA, China and Mexico.”

In addition, MAPAL has acquired the majority stake in ADICO, a South Korean manufacturer of PCD and PcBN. In contrast, shares of BECKER Diamantwerkzeuge GmbH were sold to the Ceratizit Group.

Comments are being loaded ....

Leave a comment
  1. Avatar
    Avatar
    Edited by at
    Edited by at
    1. Avatar
      Avatar
      Edited by at
      Edited by at

Comments are being loaded ....

Report comment

Kommentar Freigeben

Der untenstehende Text wird an den Kommentator gesendet, falls dieser eine Email-hinterlegt hat.

Freigabe entfernen

Der untenstehende Text wird an den Kommentator gesendet, falls dieser eine Email-hinterlegt hat.

copyright

This article is protected by copyright. You want to use it for your own purpose? Infos can be found under www.mycontentfactory.de (ID: 44813969 / Cutting Tools)