Warewashing manufacturer Meiko has announced that its global turnover reached €274m (£199m) last year, and revealed a plan to generate more business from emerging markets.
The turnover for full-year 2014 represents a 5% improvement on the €260m (£188m) that it recorded the previous year.
Management at the Germany-headquartered firm said it now has 23 subsidiaries around the world after launching branches in Hong Kong and Malaysia.
“Our products are already firmly established in emerging markets such as Indonesia, Malaysia, Singapore and Thailand,” said managing director Dr.-Ing. Stefan Scheringer. “Expanding our presence in this region is the next logical step in our sales strategy.”
Meiko employs more than 2,000 people worldwide, some 1,100 of whom work at its head office in Offenburg.
The launch of its design-oriented M-iClean range of undercounter dishwashers has been a major milestone for the business and Scheringer promises that more innovation is in the pipeline.
“We’ll be continuing to rejuvenate our product lines this autumn,” he said. “Our experience so far has clearly shown us that saving resources should continue to be a key part of research and development at Meiko, but that our customers also appreciate product features such as intuitive user interfaces and an emphasis on dishwasher design.”
He added that the company has seen strong growth in the airline catering and marine solutions markets. “Airlines are steadily reducing the amount of time their planes stay on the ground, so the timeframe for logistics and material flow is getting shorter and shorter. Our technology keeps pace with these developments, which is why we’ve been able to enter into co-operation with some of the biggest airline caterers in the world.”
Meiko also revealed that it has invested €4m (£3m) on its service facility, which occupies more than 3,500 square metres of space adjacent to its head office. All after-sales and service solutions are co-ordinated at the site, which employs 70 service staff.