Multivac continues growth course
Multivac is to continue the expansion of its production capacity despite expecting only slight growth in turnover for the current business year.
Speaking at FachPack, Hans-Joachim Boekstegers, director and CEO, said the group, with a turnover of around 1.1 billion euros, was able to achieve in 2018 a growth in turnover of 7.7 per cent over the previous year.
Operationally, a new Center of Excellence for slicers and automation solutions is currently being built at the company’s headquarters in Wolfertschwenden, and this is due for completion in 2020.
Multivac’s subsidiary TVI, the meat portioning machine maker, will concentrate on a greenfield site of around 9,000 square metres at the Bruckmühl site. A new Center of Excellence for meat portioning machines is also currently being built there, and this will similarly be put into operation in 2020.
Multivac is also currently planning to manufacture packaging machines and peripheral components in Taicang (China). In addition to manufacturing, the facility will also have development and design departments. The start of production is planned for the end of 2019.
With the takeover of the Fritsch Group in August 2019, Multivac will offer complete production lines from one source to the bakery industry.
Hans-Joachim Boekstegers said Multivac is also raising the awareness of sustainable packaging concepts among its customers through a product portfolio includeing a range of sustainable packaging concepts, renewable raw materials or fully recyclable films such as for example mono plastics, or alternatively paper fibre-based packaging materials.
The CEO concluded his presentation by saying he will hand over the business on 1 January 2020 to his director colleagues, Christian Traumann and Guido Spix, and bow out of the company.