Multivac to focus on the expansion of production capacity
In the future, Multivac will follow the same strategy of investing in the continued expansion of production capacity, said Mr. Boekstegers. 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. Its floor space of approx. 17,000 sqm will also create 180 high-quality office workstations, as well as conference and function rooms, which will be capable of being used very flexibly. As regards the Multivac subsidiary TVI, production and administration facilities will be concentrated on a greenfield site of around 9,000 sqm 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. The highlight of this is an Application Center, which is specifically designed for the needs of customers. 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, according to a press release from the company.
In 2018, the company's turnover was about €1.1 billion, up by 7.7% compared to the previous year. "Despite many economic and political uncertainties, we are expecting a slight growth in turnover for the current business year," explained Hans-Joachim Boekstegers.
Also, another area of development is the sustainability. “We are raising the awareness of sustainable packaging concepts among our customers worldwide. We are now multiplying our sustainable concepts worldwide, even in those regions, where we have not yet seen an active demand for these solutions,”, added Mr. Boekstegers. Multivac's product portfolio includes a wide range of sustainable packaging concepts, which make a significant contribution to reducing the packaging material used to produce packs. Other concepts are based on the use of renewable raw materials or fully recyclable films such as for example mono plastics, or alternatively paper fibre-based packaging materials.
After more than 18 years as CEO of the Multivac Group, Hans-Joachim Boekstegers will hand over the business on 1 January 2020 to his director colleagues, Christian Traumann and Guido Spix, and bow out of the company. Hans-Joachim Boekstegers joined the Multivac Group as CEO in April 2001 and has since played a determining role in driving forward the successful development of the company. He was responsible in particular for the systematic expansion of the product portfolio and MULTIVAC's sales and service network. “I would like to give my heartfelt thanks to all representatives of the media for their great interest in Multivac and their professional and comprehensive reporting,” said Hans-Joachim Boekstegers.
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