Masterflex AG: further expanding international activities
(firmenpresse) - Masterflex AG / Key word(s): Enterprise/
Masterflex AG: further expanding international activities
DGAP-Media / 06.07.2011 / 10:14
Masterflex AG further expanding international activities
- Subsidiary Masterflex?esko s.r.o. launches own sales activities in
Czech Republic and Slovakia
- Further step in internationalisation strategy after Brazil and Russia
Gelsenkirchen/Planá(Czech Republic), 6 July 2011 - Masterflex AG is
further expanding its international presence and, effective immediately,
operates on the Czech and Slovakian market directly through its own
subsidiary in Planá/Czech Republic. In the past, the subsidiary in the
Czech Republic only produced vulcanised hoses from neoprene or silicon and
coated glass fabric using state-of-the-art equipment. In addition to drying
equipment in the plastics industry, classic applications for these hoses
include automotive, aircraft and engine manufacturing. Local sales in the
Czech Republic and Slovakia began at a trade fair appearance at 'For
Industry', an international event showcasing the full diversity of
industrial production.
Dr. Andreas Bastin, CEO of Masterflex AG, says: 'The step of no longer just
manufacturing in the Czech Republic and Slovakia and instead offering
customers the full range of the Masterflex Group locally and with greater
proximity is the next systematic stage in continuing our strategy of
internationalisation. We already launched our own subsidiaries in Brazil
and Russia in 2010. The start on both emerging markets has been highly
promising. Following the end of the economic crisis, we feel there is also
significant potential in the Eastern European states and so we want to
position ourselves close to the market in selected countries with our own
subsidiaries.' Masterflex AG is currently represented by subsidiaries in
eight countries. After concluding its restructuring in 2010, Masterflex is
concentrating on further advancing its own core business of High-Tech Hose
Systems at an international level. Its success was clearly visible in the
first quarter of 2011 with a sales surge of 24.2 % to EUR 13.9 million and
EBIT of 17.2 %.
'Taking part in For Industry was a huge success for us,' commented Gerald
Franke, Managing Director of Masterflex?esko s.r.o. in Planá. 'As For
Industry takes place simultaneously with For Surface (surface technology),
For 3P (packaging) and For Waste (waste management), this collection of
trade fairs covers the full palette of industrial production. This is ideal
for us with our broad range of applications. As a specialist for highly
sophisticated hose and connector systems, our booth generated a lot of
traffic. The exhibits on show at the fair gave the trade professionals
there the opportunity to see the high quality of our products for
themselves.'
End of Media Release
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Language: English
Company: Masterflex AGWilly-Brandt-Allee 300
45891 Gelsenkirchen
Deutschland
Phone: +49 (0)209 97077-44
Fax: +49 (0)209 97077-20
E-mail: annette.littmann(at)masterflex.de
Internet: www.masterflex.de
ISIN: DE0005492938
WKN: 549 293
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP-Media
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131033 06.07.2011
Datum: 06.07.2011 - 10:14 Uhr
Sprache: Deutsch
News-ID 34549
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Kategorie:
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