Nuscience Group saw strong business results for the year 2012, growing its revenues 25 percent year-over-year, according to the company. The growth was driven by the success in the emerging markets China and Ukraine, positive evolutions in the Benelux and the introduction of innovative products.
“Nuscience Group had an incredible year of both revenue and net profit growth,” said Patrick Keereman, CEO. “2012 was very successful and we are confident that with our current strategy and investment plans for the coming years, we are building the momentum to continue this growth path.”
The recently acquired Hungarian company Környe is not included in these numbers, so the growth can be seen as organic. In the coming years, Nuscience plans to invest in production technology in Belgium and the Netherlands with the realization of two new plants.
The company is also expanding its personnel. “To accelerate and manage our strong growth, we have appointed a second COO for our worldwide group in the person of Katrien Deschepper,” said Keereman. “[Deschepper] has already been active in our company for many years and will be responsible for all matters related to our products (R&D, quality, product management) and the management of our functional feed ingredient division.”
Nuscience Group said it will remained focused on expanding its presence in emerging markets and the research and development of new, science-based practical solutions for the animal feed sector.