Future growth

Future growth

 

In ParexGroup our historical strong growth has been underpinned through the acquisition of small and medium sized companies, the majority of these being family businesses.

 

Through the successful integration of these companies ParexGroup has developed a unique culture which through the sharing of best practices provides a strong foundation to support our strategy for the future which is focussed on organic growth.

 

Now with industrial facilities in 21 countries, our expanded playing field has greatly increased our opportunities to grow organically. Our primary development initiative is focussed on increasing market share through expanding geographically and entering new segments and channels in these countries where we are present.

 

As acquisition opportunities reappear, we will continue to exploit our fundamental expertise, stepping up our global expansion which remains an important component in our strategy.

 

Our challenge is to outperform the underlying market delivering annual growth rates over the average growth of the markets in which we operate. A key element to support this challenge will come from the continuing success of innovative new product sales, an area where ParexGroup has demonstrated market leadership. In 2012 more than 20% of our sales will come from products that are less than 5 years old.

 

While we maintain an environment which promotes a strong level of exchange between our operating units, ParexGroup continues to operate in a decentralised manner allowing for local customization the basis of our company culture. This provides the freedom to act more innovatively and ensures a strong contribution from all of our partners, which is the key to success.

interview
Interview
Richard Seguin
C.E.O

What is your strategy for expansion over the next few years?

Our common group challenge is to generate revenue growth which is 2% in advance of the year-on-year market growth in the countries where we are currently present.

Today, we are organized to facilitate rapid transfers of know-how across the group in both marketing and R&D. We have put in place a system to optimize our purchasing. We multiply the exchanges between our country R&D laboratories and we create new bases of support, such as the R&D centre that was inaugurated in Shanghai in September 2010. We also build three to four new plants each year around the world to extend our geographical coverage. We have also decided to simplify our brand portfolio to make our commercial brands stronger on a local level, with one unique corporate brand -ParexGroup- across all markets.