According to OECD data, in 2013-2017 the annual growth of the ASEAN countries will reach 5,5%. Therefore fast growing market is penetrated by foreign capital - Chinese, American and European.
ASEAN market is also highly valuated by the injection molding machines manufacturers. Good example is Engel company, which has opened in April its new sales and service branch in Bangkok. This decision Engel motivate by fast growing demands of local market, especially in the sector of packagings. New branch will operate the customers from Thailand as well as coordinate the services located in Indonesia and Philippiness.
Engel is one of the most important injection molding machines suppliers in the region and the new branch goal is to provide better customer service in the region.
For Engel Asian market is one of the most important operation area. At the moment the company is the only western injection molding machines producer which has two manufacturing plants in Asia.
Injection molding machine's producer expands in South-Eastern Asia