Engel Austria has established a new sales and service subsidiary in Ho Chi Minh City, Vietnam.
“The Vietnamese market has grown strongly over the last few years and indications point to continuing above-average dynamics for the future,” explained Dr. Christoph Steger, Chief Sales Officer at Engel Austria. “We are responding to this growth with the founding of our own sales and service subsidiary. Thus we are closer to our customers and in future can react even faster and more flexibly to their requirements.”
Until now, Engel Singapore was responsible for business in Vietnam. Thomas Lim, Managing Director at Engel Singapore, will continue to support the Ho Chi Minh City office, whose contact will be Duc Hieu Nguyen.
The Vietnamese injection molding industry is characterized by the investments of the major international electronics companies and OEMs that produce for example smartphones and tablet PCs in the region and have announced that they will be transferring more production to Vietnam, according to Engel.
“Today, the high-tech field is one of the major segments in the Vietnamese injection molding market,” said Dr. Steger. “For the fabrication of sophisticated small components and thin-walled products, above all electric machines are used that combine top performance and precision with short cycle times and very low unit costs.”
Besides the teletronics industry, chances are opening in the areas of packaging, household goods and construction. Currently, numerous injection molding companies are being founded, according to Engel.
