Injection Molding

Wittmann Group issues optimistic report about future

March 10, 2023

Sales increase of 10 percent expected for this year.

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This Wittmann facility in Turkey is just part of the company's global presence. Recent construction includes projects in Hungary, Austria and the U.S.

The Wittmann Group reported sales of almost $398 million for fiscal year 2022 – roughly on par with the previous year’s level, despite challenges posed by tight supply of purchased parts such as electronic components.

Wittmann USA is one of the injection molding machine maker's facilities around the world that is undergoing an expansion.

Wittmann Group President Michael Wittmann said he expects to see a sales increase of about 10 percent for the 2023 fiscal year. His estimate comes in part from a significant order backlog that the company had as it entered 2023, as well as emerging signs of an improved supply situation.

Wittmann Group is positioning itself to take advantage of these positive signs, with investment in modern machining centers at three production plants and extensions made to buildings in 2022 in Kottingbrunn, Austria, and Mosonmagyarovar, Hungary. The company also is in the process of making additions to the main building of Wittmann USA Inc. in Torrington, Conn., which is scheduled for completion in May, and the construction of a new building for the Hungarian sales and service organization Wittmann Battenfeld Kft. in Törökbálint, near Budapest, which is planned for completion in the second quarter of 2023.

About the Author

David Tillett

Associate Editor David Tillett writes and edits for Plastics Machinery & Manufacturing, Plastics Recycling and The Journal of Blow Molding. He covers new products, industry news, patents and consumer and business equipment. He has more than 20 years of experience in daily newspaper, online and magazine journalism.