With the joint venture "New Hover" in Egypt, Linhardt is propelling the company’s
internationalisation onward. Linhardt has increased its company shares from 33%
to 48%, thus expanding its commitment in the Arabian region. In the medium
term, even a majority share is planned.LINHARDT has increased its company shares in the joint venture "New Hover" in Egypt from 33% to 48%, thus expanding its commitment in the Arabian region. Manager Walter Schlicht says it is an important step towards a majority share as a medium-term goal.
Strategic location advantages
Since 2007 Linhardt has been working with Arabic partners in the joint venture "New Hover" near Cairo, for clients in the Arabian region. "Being close to our regional regular customers is a great advantage, but the location is also helpful for opening up new markets," explains manager Walter Schlicht. At the start of the joint venture, LINHARDT contributed the machinery. Specialists from Viechtach also brought a lot of expertise with them to Egypt.
Majority share is the medium-term goal
To gain even more room to create in the future, LINHARDT plans to take over the management of New Hover by increasing its share to more than 50% during the coming year. Manager Dr. Monika Kopra-Schaefer explains the reasons: "We expect to gain more flexibility in working the market, and more efficient structures." The two managers are especially proud that ISO 9001 certification is already attained, thanks to the dedication of the employees. This means that the factory is able to compete in quality - an important factor especially for the numerous local pharmaceutical and cosmetics companies, says Dr. Monika Kopra-Schaefer.
|
|
