Here you will find all media releases from Franke since 2000. For the latest releases, please click on the Media Releases page.
Aarburg, December 11, 2014 – Franke has named Lars Völkel as the new Division Head of Franke Kitchen Systems and at the same time as a member of the Franke Group Management Board.
Aarburg, September 11, 2014 – The Artemis Group generated net sales of CHF 1,355.4 million with its activities Franke Group, Artemis Real Estate Group, Artemis Asset Management Group and Feintool Group in the first half of 2014 – an increase of 11.0% over the same period last year.
Aarburg, July 24, 2014 – The Swiss Franke Group, headquartered in Aarburg sells the Mobile Systems business, which is part of its subsidiary Franke Aquarotter GmbH based in Ludwigsfelde, Germany to the American TransDigm Group in Cleveland, Ohio. The sale and purchase agreement was signed on July 23, 2014.
Aarburg, June 3, 2014 – The Artemis Group remained on its growth path during 2013, reporting growth of 4.6%. The Feintool Group in particular enjoyed strong demand from the automobile industry. Following the completion of a restructuring program, its efforts of recent years are now beginning to bear fruit.
Aarburg, December 19, 2013 – Franke Group has appointed Lars Völkel as the new President Marketing and Sales of the Franke Systems Division. Lars Völkel (38) will begin his new position as of July 1, 2014, at the latest.
Aarburg, November 15, 2013 – Franke Group has appointed Beat Sigrist as the new Chief Human Resources Officer. Beat Sigrist (43) will begin his new position on March 3, 2014, and will be a member of the Franke Management Board.
Aarburg, August 27, 2013 – Roger Basler (48) to assume operative management of the Franke Washroom Systems Division on October 1, 2013
Franke Washroom Systems produces and sells washroom and sanitary systems for the public and semi-public sector around the world. The long-established Swiss company KWC also became part of this division in June 2013. Roger Basler will be taking up the new function as CEO / President Franke Washroom Systems on October 1, 2013, and in this function will be a member of the Franke Group Management Board.
Aarburg, June 3, 2013 – Franke has completely taken over the Swiss tap manufacturer KWC headquartered in Unterkulm, Switzerland after receiving the approval of the relevant competition authorities.
Aarburg, May 22, 2013 – Sales of the Artemis Group rose by +12.3% to CHF 2,465.5 million
Aarburg, April 2, 2013 – Franke agreed to buy Swiss tap manufacturer KWC, broadens its core competence in water technology and further strengthens its presence in Switzerland.
As part of the change of management at Franke, the Group will be restructured as of January 1st, 2013, and the naming will be adjusted accordingly
Franke Artemis Group has purchased from P&L Systems Holding (UK) Limited, the entire issued share capital of Dart Valley Systems Limited (DVS), located in Paignton.
In the first six months of 2012, Franke Artemis Group generated net sales of CHF 1,209.9 million, consistent with organic growth of 7.0%. The negative currency effect amounted to -1.7% while growth through acquisitions (acquisition of the Feintool Group) totaled +8.4%. The sale of the South African Defy Appliances (Pty.) Ltd. in the fourth quarter of 2011 had a significant effect on net sales, leading to a 13.2% decline compared to the previous year. Overall growth measured in Swiss Francs amounted to 0.5%.
The Board of Directors of Franke Artemis Holding AG has appointed Alexander Zschokke CEO of the Franke Group. Alexander Zschokke, 46 from Switzerland, currently responsible for the retail business of the globally active manufacturer of hearing care solutions Sonova as Group Vice President Channel Solutions, has years of experience in the consumer goods industry. He will join Franke on 1 October 2012 and will assume overall responsibility for the Franke Group, comprising all Franke industrial activities, as per 1 January 2013. Michael Pieper will retire from the Franke Group operations as per 31 December 2012 and will act as President of the Executive Board of Franke Artemis Holding AG.
Despite turbulent exchange rates and adverse market conditions with significant falls in key markets, particularly in southern Europe, Franke Artemis Group succeeded in achieving 5.9% organic growth in 2011 and maintained a high level of performance. Several of the group's divisions recorded growth in double figures. Growth rates of 20% and even over 30% were achieved in emerging markets (BRIC states) and Turkey. Sales growth of +3.7% resulted in Swiss francs. The strategic sale of Defy Appliances (Pty.) Ltd., South Africa, to Arçelik on November 30 improved the already good financial base for future growth.
The Franke Artemis Group generated net sales of CHF 1,204.3 million in the first half of 2011, which corresponds to organic growth of 4.9%. The earnings situation remained stable. The strong Swiss franc had a major impact on the bottom line.
Franke Holding AG, a company of the Franke Artemis Group, has concluded an agreement with Ardutch B.V., a company of the Turkish Arçelik Group, concerning the sale of the entire issued share capital of Defy Appliances (Proprietary) Limited ("Defy"), the leading home appliances manufacturer in Southern Africa.
The Franke Artemis Group achieved net sales of CHF 2,419.6 million in 2010. Its organic growth was +4.1%, while net profit doubled compared to the previous year.
Celebrating its 100th anniversary this year, Franke will be using a high profile celebrity to reinforce the transition from trade driven product supplier to aspirational consumer lifestyle brand: Heidi Klum. Franke has chosen this route as a commitment to raising the standards of home style.
The Franke Artemis Group reached organic sales growth of 4.1% in 2010 compared to the previous year and generated net sales of CHF 2,419.6 million. It was possible to greatly improve the earnings situation.
What began 100 years ago as the “Spenglerei Hermann Franke (plumber’s workshop)” in Rorschach (SG) is today – three generations later – a global Swiss company group comprising 70 companies and around 11,000 employees. Franke, whose products are used in more than 100 million household kitchens, is entering into a close cooperation with the Eidgenössischen Technischen Hochschule Zürich (ETH Zürich: Swiss Federal Institute of Technology Zurich) on its 100th birthday. In addition to the award of two scholarships, the “Franke – ETH Zurich Excellence Scholarships”, the company is also supporting the Strategic Fund of the ETH Zurich. Several festivities are also planned, including an event for domestic and foreign guests in Lucerne and an employee event at Franke’s headquarters in Aarburg.
Hergiswil, 17 January 2011: Artemis Beteiligungen III AG, a company controlled by Franke Artemis Holding AG, respectively by Michael Pieper, is currently the largest shareholder of Feintool International Holding AG with a 33% stake. Today Artemis Beteiligungen III AG has submitted a pre-announcement for a public tender offer for all the outstanding registered shares of Feintool International Holding AG. Artemis Beteiligungen III AG offers CHF 350 net per registered share of Feintool International Holding AG.
The Franke Artemis Group generated net sales of CHF 1,198.7 million in the first half year 2010, which represents a fall of 0.2% over the previous year. Organic growth was overshadowed by negative currency fluctuations.
Aarburg, Switzerland, 26. July 2010 – Franke purchased 25% of the shares of Franke Kitchen Systems Egypt S.A.E. thereby increasing its majority shareholding
Aarburg, Switzerland, May 27, 2010 - The Franke Group achieved net sales of CHF 2,415.8 million which was -17.7% lower than the previous year. Operating income declined as well, but improved during the course of 2009 from quarter to quarter as a result of far-reaching cost-saving programs and stabilizing demand.
Aarburg, Switzerland, March 24, 2010 – The Franke Group posted net sales of CHF 2,415.8 million in 2009, representing a decrease of -17.7% on the previous year. Earnings were also down but managed to improve in the course of 2009 from quarter to quarter as cost-saving measures took effect and demand stabilized.
Aarburg, Switzerland, September 11, 2009 - The Franke Group and the Artemis investments owned by Michael Pieper will be restructured as of January 1, 2010 in order to achieve future-orientated management structures at the highest level. As part of this consolidation, the Franke Group is to be operationally divided into two subgroups to form more agile units and to take advantage of synergy potentials.
Aarburg, Switzerland, 27th August 2009 – The Franke Group generated net sales of CHF 1,197.1 million in the first half year of 2009. This corresponds to a drop in net sales of CHF -279.0 million or 18.9% down on the previous year. Currency effects were negative and represented a drop of CHF -55.3 million (-3.7%) while organic sales declined by CHF -222.1 million or -15.1%. However, net sales and profits improved in the second quarter compared with the first quarter. Because of the good liquidity situation Franke continues to invest.
Aarburg, Switzerland, May 26, 2009 – the Franke Group achieved sales of CHF 2,936.4 million in 2008, -2.8% lower than the previous financial year. In local currency,
sales were CHF 3,176.4 million (+5.1% higher than previous year). The operating result (EBITDA) fell by -11.8% to CHF 351.3 million from CHF 398.5 million the previous
Aarburg, Switzerland, 30 March 2009 – The Franke Group reported net sales worth CHF 2,936.4 million in 2008. Currency exchange effects accounted for -8.0% points. In local currency terms, sales reached CHF 3,176.4 million, equivalent to an increase of +5.1% (previous year CHF 3,021.0 million). The equity ratio improved despite a decline in earnings.
Aarburg, Switzerland, 19 January 2009 – Franke demonstrates its commitment to the growth market in the Middle East and opened a new production site for Franke Washroom Systems.
Switzerland, 28 August 2008 – the Franke Group performed solidly during the first six months of 2008, achieving net sales of CHF 1,482.50 million. This represents an increase in sales of CHF +99.9 million (+7.2%) over the same period last year. Currency effects were negative and accounted for a sales reduction of CHF -89.3 million (-6.5%). Sales in local currencies increased by +13.7% over the same period last year.
Aarburg, Switzerland, May 20, 2008 – The Franke Group increased its net sales by +23.8% to CHF 3,021.0 million in 2007. The operating result (EBITDA) increased by +8.0% on the previous financial year.
Aarburg, Switzerland, 24 April 2008 – Franke is selling the business operations of the company frifri aro SA in La Neuveville, Switzerland, together with assets and liabilities, to Middleby Switzerland AG, the Swiss subsidiary of Middleby Corporation, USA, within the framework of an asset transfer. This sale is in accordance with the strategic focus of the Franke Group. The approx. 40 employees will be taken over by the new owner.
Aarburg, Switzerland, 4 April 2008 – The Franke Group increased its net sales by +23.8% to CHF 3,021.0 million in 2007. The sales increase resulted from organic growth (+12.0%) and from several acquisitions (+9.6%). Changes due to the exchange rate were +2.2%-points.
Aarburg, Switzerland, 14 November 2007 - Franke has acquired a minority stake of the newly founded Franke Coffee Systems UK Ltd based in Hertfordshire, UK. Therefore, Franke is increasing its presence in the vast growing UK market for professional coffee machines. Franke has formed a working partnership with Mr James Nicholson who has been a customer of Franke for many years.
Aarburg, Switzerland, 23 August 2007 - The Franke Group has completed a successful first six months of 2007, achieving net sales of CHF 1,382.6 million. This represents an increase of CHF 200.8 million (+ 17.0%) compared with the same period last year. Organic growth accounted for +13.6% (CHF 160.5 million), and EBITDA and cash flow also increased compared with the previous year.
Aarburg, Switzerland, 9 July 2007 - Franke has signed an agreement for the purchase of Defy Appliances Limited. Defy is the largest manufacturer and distributor of major appliances in South Africa.
Aarburg, Switzerland, 15 May 2007. Franke has acquired R&R Parts and Service, located in Goodlettsville, TN, USA. The company distributes kitchen equipment parts and minor resupply smallwares to quick service restaurants. The organization will be integrated into Franke Resupply Systems Inc.
Aarburg, Switzerland, 15 May 2007 – The Franke Group increased its net sales by +24.6% to CHF 2,440.1 million in 2006. The operating result (EBITDA) increased by +32.3% to CHF 368.9 million and consolidated cash flow by +30.1% to CHF 318.4 million. Consolidated profit amounted to CHF 202.9 million – an increase of +30.2% on the previous financial year.
Aarburg, Switzerland, 4 April 2007 – The Franke Group increased its net sales by +24.6% to CHF 2,440.1 million in 2006, with double-digit growth rates in all core activities. The market positions were further strengthened by organic growth (+10.9%) and several acquisitions (+12.8%). There was an overproportionate increase in earnings.
Aarburg, Switzerland, 13 March 2007 – Franke agreed on a Joint Venture with its long-time business Partner Dawn Group to expand distribution in Angola, Kenya, Mauritius, Nigeria and Mozambique.
Aarburg, Switzerland, 18 December 2006 – As of January 1, 2007, Franke Group Management will be expanded by three Members.
Aarburg, Switzerland, 14 December 2006 - With immediate effect Franke takes over the business of the French company L’Européenne d’Eviers S.A. (Benthor) and its production facility in Slovakia and expands activities in France.
Aarburg, Switzerland, 14 November 2006 Franke Beverage Containers expands its North American operations by acquiring the beer keg production activities of Spartanburg Stainless Products, Inc., South Carolina, USA. For many years the North American keg market has been successfully served by Franke Beverage Containers through its sales office in California with keg deliveries from its European production facility in Kreuztal, Germany.
Aarburg, Switzerland, 22 August 2006 – The Franke Group has completed a successful first six months of 2006, achieving net sales of CHF 1,181.8 million. This represents an increase in sales of CHF 336.4 million (+39.8%) over the same period last year. All core activities showed double-digit growth.
Aarburg, Switzerland, 20 July 2006 – With effect from 1 July 2006, Franke will acquire KSO GmbH, which had previously gone bankrupt, and will thus expand its activity of beverage containers.
Aarburg, Switzerland, 30 May 2006 – The Franke Group increased its net sales in 2005 by +20.3% to CHF 1,959.0 million. The operating result (EBITDA) increased by +11.4% to CHF 279.2 million and consolidated cash flow by +33.2% to CHF 245.8 million. Consolidated profit reached CHF 153.6 million – an increase of +89.6% over the previous year. A separation of consolidated or core business and non-manufacturing activities was carried out.
Aarburg, Switzerland, 28 March 2006 – The Franke Group increased its net sales by +20.3% to CHF 1,959.0 million in 2005, with double-digit growth rates in all core activities. The market positions were further strengthened by organic growth and several acquisitions.
Aarburg, Switzerland, 17 January 2006. At the end of 2005, Franke completed its takeover of the Swiss service retailer, Coffeetech AG located in Berikon/Zurich. Coffeetech had already been a service retailer of Franke Kaffeemaschinen AG since 1990. Coffeetech is particularly active in the greater Zurich area – the region with the biggest potential for growth in the sale of Franke coffee machines in Switzerland.
Aarburg, Switzerland, 7 December 2005 – Franke acquires majority interest in the market-leading sink manufacturer "SAMI" - Nile Metallic Industries Company in Cairo, Egypt and substantially strengthens the presence in Africa.
Aarburg, Switzerland, 4. October 2005 – On 7. September 2005 Franke announced to acquire the German Grohe subsidiary AquaRotter GmbH. After approval of the Competition Commission the transaction has been closed successfully.
Aarburg, Switzerland, 21 September 2005 – Franke supports Team Alinghi as “Official Supplier” in defending the America’s Cup.
Aarburg, Switzerland, 7. September 2005 – Franke aquires AquaRotter GmbH, the leading company in Germany for special fittings, water management systems and fittings for sanitary rooms.
Aarburg, Switzerland, 25 August 2005 – The Franke Group achieved net sales of CHF 845.4 million in the first half year of 2005. This corresponds to an increase of +CHF 29.1 million or 3.6% compared with the previous year. At constant exchange rates (local currency) sales have increased by 5.1%. The operational result (EBITDA) stayed stable compared with the previous year. Franke expects business to prove rather better in the second half of 2005.
Aarburg, Switzerland, 23 August 2005 – Franke acquired two South African geyser manufacturers providing water heaters for residential buildings in the area of Johannesburg
Aarburg, Switzerland, 30 June 2005 – Franke nominated Thomas A. Erb who was elected on May 18, 2005 to the Franke Board of Directors as new Chairman of the Board.
Aarburg, Switzerland, 31 May 2005 – Yesterday Franke signed an agreement to purchase all the remaining shares of Finfaber S.p.A, the holding company of the Faber Group in Fabriano, Italy. This acquisition will strengthen the Kitchen Systems business significantly by the addition of high quality extractor hoods. Franke had already acquired a 49% stake in the Faber Group in August 2004.
Aarburg, Switzerland, 31 May 2005 – The Franke Group increased its net sales by 10.7% to CHF 1,628.0 million. The operating result (EBITDA) rose strongly by 34.4% to CHF 250.6 million. Consolidated cash flow was stepped up by 16.7% to CHF 184.6 million.
Aarburg, Switzerland, 5 January 2005 – Franke Coffee Systems Japan Ltd, which was set up in Tokyo in December 2004, has started operating. For the first time Franke is represented in Japan by its own sales and service company for professional coffee machines. This means Franke is investing further in strategic growth markets and new product generations.
Aarburg, Switzerland, 23 November 2004 – During the course of 2005 two important personnel changes will occur at the highest level of management of the Franke Group.
Aarburg, Switzerland, 1. September 2004 – The Franke Group achieved net sales of CHF 816.3 million in the first half year of 2004. This corresponds to an increase of +CHF 93.6 million or 13% compared with the previous year. Operative results (EBITDA) have improved by more than 30% compared with the same period of the previous year. The Group is expecting business to continue its positive performance in the second half of 2004.
Aarburg, Switzerland, 25 August 2004 – The acquisition of its Seattle-based U.S. distribution partner, Espresso Specialists, Inc., has enabled Franke Coffee Systems to press forward with the international expansion of its own sales and service organisation and to reinforce its presence on the U.S. coffee machine market.
Aarburg, Switzerland, 11 August 2004 – The Franke Group has signed a share purchase agreement for the purchase of 49% of the share capital of Finfaber S.p.A, the Holding company of the Faber Group located in Fabriano, Italy. Faber is one of the leading manufacturers of cooker hoods (air management in the kitchen) and comprises 9 production plants as well as 5 additional trading companies.
Aarburg, Switzerland, 25 May 2004 – The Franke Group recorded good results, with sales totalling CHF 1,470.3 million and EBITDA of CHF 189.0 million, in spite of difficult conditions and problems affecting specific divisions.
Aarburg, Switzerland, 29 October, 2003 –The acquisition of B.L.INOX, Chaponost, F, its French distributor of Washroom and Sanitary Systems (WSS), will enable Franke to further expand in the French market for public and communal WSS products.
Aarburg, Switzerland, 27 October, 2003 – The acquisition, with retrospective effect as of 1 May, 2003, of the Dutch distributor of Franke Coffee Machines, Ko-KS Benelux B.V. and its subsidiary LesAmis Dienstverlening B.V., Nuenen, NL will give a further impetus to the international development and expansion of an own sales and service organisation for Franke Coffee Systems.
Aarburg, Switzerland, 10 September 2003 – Proceedings initiated in May 2003 to close the Aarburg-based Metal Construction profit center result in a partial sale of the profit center to Senn AG of Oftringen. Efforts to secure jobs either inside or outside the Franke Group for the profit center’s 35 employees prove successful.
Aarburg, Switzerland, August 27, 2003 – In the first half of 2003, the Franke Group achieved net sales of CHF 756.9 million at constant exchange rates. This is equivalent to a decline in sales of -4.0% against the same period last year (CHF 788.1 million). The negative currency influence of -CHF 34.2 million (attributable in particular to the lower USD conversion rate) resulted in effective net sales of CHF 722.7 million. The operating result (cash flow) is -8.1% down on the same period last year. This overall trend of the group in the first half of 2003 is largely attributable to the Franke Foodservice Systems Division as a consequence of the global downturn in “New Store Business” (steep reduction in the number of new openings of “Quick Service Restaurants” by our customers worldwide), compounded by the difficult economic conditions prevailing in Germany, Poland, South America and Asia. Franke is reacting with strong cost management in the individual operating areas. The group expects business to prove rather better in the second half of 2003.
Aarburg, Switzerland, July 14, 2003 – On June 30, 2003, Franke Romont SA was sold retroactively as of January 1, 2003 to the latter’s current management team.
Aarburg, Switzerland, May 13, 2003 – With overall sales of CHF 1591.2 million and EBITDA of CHF 222.1 million, the Franke Group successfully achieved its objectives in the difficult economic conditions of 2002. The rigorous focus on the core business, key strategic acquisitions and targeted divestments all contributed to this strong result.
Aarburg, Switzerland, May 6, 2003 - Franke Industrie AG, Aarburg, intends to shut down the metal construction profit center, which currently employs 33 people, at the latest by the end of 2003. The legally required consultation proceedings were started as of May 5, 2003.
Aarburg, Switzerland, January 13, 2003 – Franke has signed a letter of intent to sell its subsidiary, Franke Romont SA, to the latter’s current management team.
Aarburg, Switzerland, December 3, 2002 – Franke is to take over the Bremer Kaffeemaschinen AG of the Equita Group (Palux, Eloma, Scobie & McIntosh), and sell Franke Verpflegungstechnik AG (Food Service Equipment), Aarburg, to Equita.
Aarburg, Switzerland, November 4, 2002 - Franke has acquired W & G Sissons Ltd, the leading stainless steel sanitaryware manufacturer in the UK. This acquisition makes Fanke the European Market leader in the stainless steel sanitary product area.
Aarburg, Switzerland, 27 August 2002 – Despite a difficult market environment, the Franke Group was ahead of target with net sales of CHF 834.3 million at constant exchange rates in the first half of 2002 (1st half 2001 sales: CHF 789.5 million). This is equivalent to growth of 5.7% (or around 4% after adjustment for acquisitions). The strong Swiss franc levelled out this growth in operational performance to net sales of CHF 788.1 million. Operating earnings (EBITDA) rose by an impressive 14.1%, or just under 20% at comparable exchange rates, against the same period in the previous year. This increase is explained by the optimization and rationalization measures taken throughout the group last year. With the exception of developments in South America, Germany, Japan and some Asian countries, Franke is confident in the future successful progress of the group.
Aarburg, Switzerland, July 29, 2002 – Franke has completed the extension to its Contract Group Division production facility and logistics center in Gdynia, Poland and officially opened a new logistics center in Bad Saeckingen, Germany, also for the Contract Group Div ision. The construction of a new logistics center for the Kitchen Systems Division in Hard, Austria, has also been completed. Franke has invested approximately CHF 10.5 million in these expansions in Europe.
Aarburg, Switzerland, July 5, 2002 – Change in Franke Corporate Communications
Aarburg, Switzerland, July 1, 2002 – Franke and the Germany company, Palux AG, signed a letter of intent. This provides for Franke taking on all the coffee machine business of Palux AG, under the Bremer brand, to extend its global position in the professional coffee machines sector. In 2001, this activity of the Palux Group achieved sales of around CHF 37 million and employed around 100 people. With this agreement, Palux AG is strengthening its global market position in professional catering technology by merging with Franke Verpflegungstechnik AG (Food Service Equipment; development, production and sales of catering equipment and furnishings with sales of approximately CHF 35 million and an average of 120 employees) to form Palux- Franke Holding AG as a majority-owned subsidiary under the strategic management of the Palux shareholders.
Aarburg/Niederwangen, May 31, 2002. - Franke Holding Ltd., Aarburg, and adval tech Holding Ltd., Niederwangen, have signed a letter of intent to enter into closer cooperation. Specifically, their activities in the field of steering systems for the automotive industry are to be merged into a joint company by mid-2003.
Franke is a global provider of products, services and custom solutions for a wide range of applications in the household food preparation and catering sectors. The company has approximately 5,300 employees, and is firmly established on five continents with 66 subsidiaries in 33 countries. It exports to over 100 countries. The Group has 36 production sites and 70 marketing organizations.
The globally active Swiss enterprise Franke, with headquarters in Aarburg, Switzerland, moves into the new year again on a course of expansion. Recently, two very important acquisitions were successfully completed: Kama Coffee Machines and Service AG in Worb, Switzerland on November 1st, 2001 and on December 1st, 2001 the majority share acquisition of the Danish sink manufacturer, A/S Panda Stal, located in Aarhus, Denmark.
Despite a slight reduction in sales, Franke holds its own under difficult economic conditions
Franke is a global provider of products, services and customised solutions for the food preparation sector both in the household and the catering trade. The company employs over 5,300 people and today has a strong presence in all 5 continents. Franke has a total of 62 subsidiaries in 34 countries and exports to a further 100 countries. The group operates out of 36 production facilities and has 69 marketing organisations.
In terms of growth, the Franke Group developed very positively in the year 2000. Backlog grew compared to previous year considerably. Consolidated sales rose from CHF 1,402.6 Mio to CHF 1,559.3 Mio, which is a raise of + 11.2% respectively of CHF 156.7 Mio or + 8.6% in local currency and, therefore, also underlines the dynamic growth of the Group. Considering a unique business project of the Contract Group Division, undertaken and concluded in 1999, the self-growth of the Group amounted to 9.6%. Growth from acquisitions amounted to 6.0 %.
After successfully acquiring the remaining shares of its partner in 1999, Franke (Heshan) Kitchen Equipment Co. Ltd., Heshan City/China developed positively. For this reason, Franke Holding AG decided to expand the production facility, which manufactures kitchens for quick service restaurants as well as sinks. At the same time last year, Franke Contract Group Philippines, Inc. was established.
Franke Romania SRL, a subsidiary of Franke Holding AG in Aarburg opened on November 2, 2000, their own business structure consisting of an office, warehouse, showroom and assembly site for cooking hobs, adding to the already existing commercial sink division in Bucharest. Up to this time the company had been experiencing success solely in the commercial sink sales segment of the Romanian market.
Sales in the first six months of this year bear out the continued positive growth trend at Franke Group. The international Franke Group, whose operating divisions include Kitchen Systems, Contract Group, Beverage Containers and Diversified Products, achieved sales of CHF 796.0 million in the first half year. This represents an increase of 18.1% over the same period a year before. The stable sales trend is due to both organic growth (27%) and acquisitions (73%). Franke Group’s earnings showed pleasing growth compared with the first half of 1999.
Beginning of June Franke acquired the company Niggemann Food Service Technik GmbH & Co. KG, Bochum, a wholly owned subsidiary of the Werner Niggemann GmbH, Bochum, Germany. Niggemann Food Service Technik is one of the leading food service equipment manufacturer and distributor for quick service restaurant chains in Germany and Europe.
Steeldesign GmbH, newly founded by Franke, took over the assets from the high-grade steel manufacturer AB Steeldesign GmbH in Troisdorf-Spich near Cologne, which was in insolvency proceedings. The current staff of 35 employees as well
Franke is an international leader of products and services, destined for the preparation of food in the household and catering industry. Today the group has established 57 companies (January 1, 2000) in 30 countries world-wide and additionally exports to over 100 countries. The group possesses 33 manufacturing plants and 62 marketing organisations.
As of April 1st, 2000 Mr. Frank Haberstroh started as Member of Group Management at Franke Holding AG. In this capacity he is responsible for the Beverage Containers division. Simultaneously he takes over as Managing Director of Blefa GmbH & Co. KG, a subsidiary in Germany. The business is primarily concentrated on producing beverage containers for well-known breweries.
The worldwide active Franke Group with headquarters in Aarburg/Switzerland for the first time establishes its own production and sales company for sinks and sanitary products on the Indian market. The new founded Franke India Pvt. Ltd. will handle its marketing activities from the quarters in Mumbai (Bombay), sinks will be produced in the new built plant in Aurangabad.