Mapal Investment and portfolio extension underpin tooling manufacturer's growth
Germany/ UK – Mapal's consolidated group sales rose by around 6% from €510m in 2014 to €540m in 2015. Moreover, Mapal and Haimer have concluded a partnership and licensing agreement.
As the world's largest PCD tooling manufacturer, Mapal has now cemented its position with the recent investment of €26m, which was spent at the company's competence centres in Germany. Added to this, Mapal has expanded its carbide manufacturing facility with the introduction of Wiesskoff into the corporation. According to Mapal, Mapal's consolidated group sales rose by around 6% from €510m in 2014 to €540m in 2015.
Furthermore, the clamping technology specialist Haimer and the precision tool manufacturer Mapal have bundled their competencies. In future the compaies will work strategically closer together on the elaboration and further development of technologies and their applications.
With such a buoyant aerospace and automotive industry in the UK, the global investment and growth are also reflected in the UK operations based in Rugby. Mapal Ltd has seen its headcount rise by 22% with four new apprentices accounting for 79 of the company's UK staff.