Successful annual general meeting at Horst Castle
Annual Meeting 2017
The executive committee and board of directors of Masterflex SE reported on the company's results and plans within the medieval walls of Horst Castle. Conclusion: the manufacturer and developer of connection and hose systems is growing - and will pay a dividend of €0.05 per share for the first time since 2008.
2016 was characterised by investment: the largest project was the construction of a new production site and warehouse in Gelsenkirchen-Erle at a total price of about seven million Euros. At the start of 2017, Masterflex acquired the fluoropolymer specialists APT in Neuss, Germany. This adds to the product range market innovations like the Master-PUR LF Trivolution, the Master H2O (with drinking water approval), the Twin Hose for medical technology and a new hose for the coatings industry.
In total, the Masterflex Group earned about €66.5 in revenue in 2016.
The group is also proud of the appreciation and recognition from the University of St. Gallen. Once again, the Swiss identified the Gelsenkirchen-based group as world market leaders.
What is next? "The digitization of connectivity solutions in the hose business is among the innovative challenges for the company", said CEO Dr. Andreas Bastin. AMPIUS, the new product line for all network-enabled and smart hoses and connection solutions, is the first step. In addition, the company will the focus on faster processes, functional automation and more presence on the market.
For all those who were not at the general meeting in Gelsenkirchen here are some sights and sounds from the event ...
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