Germany Mapal sales rising by 6%
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.”
“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.