Multivac has completed a strategic alliance (Memorandum of Understanding) with Meyn Food Processing Technology and Cabinplant to sell joint processing, filling, weighing and packaging technology.
The agreement was announced at Interpack 2017 in Dűsseldorf, Germany, (May 410) where HansJoachim Boekstegers, CEO, Multivac, talked about opening a €20m ($22m) factory in Bulgaria, its subsidiary in the Dominican Republic, and expanding its processing portfolio.
Packaging machines
The first phase of the 20,000m² Multivac Bulgaria Production facility on Industrial Zone Bozhurishte will be completed in August.
The site will comprise production of parts, components for packaging machines, manufacturing, a warehouse, logistics and a training center.
Multivac will also develop a center for shared IT services, strategic sourcing and an R&D division.
“We are continuing to systematically invest in the expansion of our services and production capacity,” said Boekstegers.
“The latest members of our Group are subsidiaries in the Dominican Republic, Guatemala, Malaysia, Panama, Thailand and Uzbekistan. We have also built a Sales and Service Hub in Charlotte, US.”
Multivac reported sales of €952m in 2016, a 7.1% increase on the previous year. The German part of the Group achieved a turnover of €395m in 2016, an increase of 7.0% on 2015.
Recent investments include a Logistics Center and office at the Group’s headquarters, a factory in the US, the production site in Bulgaria and a production hall in Austria.
Further investment
Boekstegers said the company now plans to further invest in machinery and equipment at its existing locations, to increase its capacity.
For example, Multivac acquired a share of TVI Produktion und Entwicklung this year that makes meat portioning and processing equipment.
As part of their joint expansion plans, it will invest in a production facility and offices in Bruckmühl, due to open at the end of the year.
The strategic alliance with Meyn Food Processing Technology and Cabinplant will focus on poultry processing, and projects and lines for ready meals, fish and meat.
Source: Food Navigator
