Mapal achieves 6% growth

German cutting tool manufacturer Mapal says that consolidated group sales rose by around 6% from €540m in 2015 to €575m in 2016. Together with the increase in sales, the number of employees also increased by 4%, from 4,800 to nearly 5,000 worldwide. Over 3,400 work in Germany. Together with investments in R&D, further Mapal initiatives include implementing several construction projects at international locations. For instance, this year the company is increasing its investment in 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.
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