Mapal Announces Continued Company Growth
Mapal Group announces significant growth as a company during the 2017 business year, as well as plans for future growth.
Mapal Group recently announced significant growth during the 2017 business year. Consolidated group sales rose from 575 million euros in 2016 to 610 million euros in 2017. The growth in sales has been matched by an increase in the number of employees from 5,000 in 2016 to a total of 5,250 in 2017.
“We are naturally targeting further growth again for the coming year,” says Dr. Jochen Kress, president. According to the company, all activities are geared to continuous and sustainable growth, and the company is again investing six percent of its sales in research and development.
In order to successfully meet today’s challenges, such as reductions in CO2 emissions and digital transformation, the company has also adapted its strategic orientation in recent years, the company says. For example, it has shifted from machining parts for conventional powertrains to parts for hybrid or electrically powered vehicles, and today offers complete processing of parts for this sector including full service support for tools.
“In addition to our continued strong commitment to the automotive industry, we are planning to intensify our activities in the aerospace sector. Furthermore, we will be presenting comprehensive solutions for tool and moldmaking,” says Dr. Kress.
The company also focuses on digital transformation and universal networking, including the creation of c-Com, an open cloud platform that both networks the whole supply chain and addresses the challenges facing companies in the material machining sector.
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