Multi-Wing Completes Another Record Year |
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January 10, 2007 |
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The Multi-Wing group experiences another record year in 2006. According to
the figures released today, sales are up almost 25 % compared to last year,
which exceeds all expectations. For Multi-Wing International a•s total
sales reached approximately € 20M, which is 18% higher than budgeted. The
increase in sales appears to be general as all distributors and sister
companies report a high growth rate. In China, the market is one of the fastest growing. After a full-year operation, Multi-Wing (Suzhou) Co., Ltd. has achieved a strong market position and a decent profit, and the growth rate continues to be high. Multi-Wing (Suzhou) was established in 2005, situated about 70km west of Shanghai, and today there are 35 employees and the production facilities cover about 2300m2. They have recently established an efficient machine shop to ensure competitive prices in favour of not only the Chinese market, but all Multi-Wing customers. We attribute first and foremost the increase in sales to a strong market demand and our continuous effort to comply with this demand by developing new products and improving existing ones. Our extensive, cost-effective impeller range can be matched by no other supplier and gives us a strong competitive edge. Especially the sickle range has well penetrated the market in 2006 and part of the increase in sales is attributed to its merits. The overall picture shows that sales benefit from noise emission regulations as the low noise capabilities of our sickle impellers make this range the natural choice of engineers around the world in many different applications ranging from refrigeration systems to mobile radiators specifically oil coolers, compressors, generators and other off highway equipment. |
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