Osnabrueck, Germany - The German hose producer Polyvanced is putting business plans into action to achieve a turnover rise in 2009 of over 10 percent.
"We are to invest a seven-figure euros sum of some 15 percent of our overall turnover in technology and infrastructure in the coming year," Polyvanced ceo Robert Mayr said 4 Dec. The investments funds, the company explained, are for laboratory systems, equipment and infrastructure, to develop its hoses, many of which are based on polyurethane.
With a highly demanding market expected for 2009, Polyvanced aims to promote its innovative processes. The company said it will focus on product development processes to assure structured solutions to customer specific requirements.
"Continous investment will permanently extend this application range for the target industries (these include environmental industries, medical technology and the automotive sector)," Polyvanced commented.
Looking at the long-term success of the company, Polyvanced said that further development of equipment and manufacturing processes in conjunction with tailored innovations and solutions should make the company "the ideal development partner for new products."
"Competence and reliability in production and process handling are the basis for top delivery performance, quality and a competitive edge," added Mayr.