Despite tough year for economy, profits are on the rise for bakery goods supplier
Baking Technologies has announced that the firm achieved the same level of turnover during the first quarter of 2010 as it did during the whole of 2009.
Commenting on this success, the firm’s chairman Ton Seuren noted: “As we are dealing mainly in equipment and plant systems for the baking industry, with bread being a basic ‘must eat’ product even during the recession, we have not seen any negative affect commercial-wise from the downturn.”
The company, which supplies machinery and plant systems for the bakery and food industry, increased turnover in 2009 by 25% and, based on the first quarter of 2010, is expecting another successful year.
“We achieved this by continuous commitment and support of our clients, even during the crisis, and now our clients show their commitment by placing turnkey equipment and service contracts,” he explained.
According to Seuren, Baking Technologies — a division of Seumaco Middle East — has had most success with its compact and modular breadlines from Glimek, freezing and ovens equipment, and laminating equipment from Canol.
The company is now planning to invest AED 10 million (US $2.7 million) in a brand new office and technology centre in Jebel Ali Free Zone, where Baking Technologies has its headquarters.
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Jun 3, 2010 , USA
It's very impressive to see how some companies are brave enough to invest in a rather difficult period like this. The credit crunch has taken its toll in many industries but seems some are still able to profit even during dire times. It takes lot of work, motivation and optimism. Good work Mr. Se...