Multivac strengthens market leadership

PACKAGING machine manufacturer Multivac continues on a growth path on the back of positive development in all business units and full utilization of production capacity.

Hans-Joachim Boekstegers, Multivac CEO, has recently shared the outlook for the company at the FachPack press conference in Nuremberg.  The company presented its latest innovative solutions for the packaging, labeling, marking, and inspection of food, life science, healthcare products, and industrial items during the trade fair.

Multivac further strengthened its market position in 2015, with the Group's turnover projected to surpass the 800 million euro mark by year-end.

"If one looks at the situation regionally, we are recording strong growth in Europe, particularly in Germany, and in the USA," Mr. Boekstegers said.

"But business has also developed encouragingly up to now in critical markets such as Brazil and China. Generally, we are observing a slow shift of the growth markets from Europe and the USA towards Asia, South America and Africa," he further stated.

Multivac's continuous production capacity and services expansion initiatives include the construction of a  new Logistics Center at the company's headquarters in Wolfertschwenden that is expected to open in 2016.
It is also building a factory in Kansas City, USA. Additional production sites, including one in Bulgaria, are being planned as well to complement facilities in the USA, Japan, Brazil, and Spain and to increase decentralization of production.   

Still part of its capacity expansion drive, the company is investing in machinery and equipment at its existing locations. In terms of investments in workforce, Multivac is constantly expanding its international sales and service organization, which accounts for about 50 percent of its 4,650 staff worldwide. In the US, two new hubs are currently being developed in Los Angeles and New York.

To maintain its market leadership, Multivac continues in systematically expanding its product portfolio and investing in research and development. It recognizes the growing importance of protecting intellectual property through patents. It also gives emphasis on providing niche products and machines for special markets.

"Our goal is to be able to offer our customers specific packaging solutions and applications for all their requirements," Mr. Boekstegers stated.