Multivac looks to new markets for growth

Multivac’s MD and company spokesperson Hans-Joachim Boekstegers announced at the IFFA trade fair in Germany recently that turnover in the first four months of 2010 increased by 30% on the previous year, returning to 2007 levels.

Speaking to the international press in Frankfurt, Boekstegers was able to point to significant increases in the number of orders received and in the turnover when compared to the previous year.

“We have registered an increase in orders from all over the world, including from countries we never would have expected.”

In light of the healthy order volume, Boekstegers predicted that Multivac would match its 2007 result in the 2010 financial year.

The Wolfertschwenden-based manufacturer is looking in particular to new markets in Asia and South America for growth.

Boekstegers said that Multivac products had “excellent chances” in countries such as Australia, New Zealand, China, India, Malaysia, the former Soviet Union, Turkey and Brazil.

The company already has an annual turnover in these markets of about 60 million Euros ($72.3 million).