German-headquartered cooking equipment manufacturer MKN has recorded a 20% turnover increase in the first six months of its current financial year.
“Our target was also increased by 10% this year, so the business is seeing vast growth,” said Wayne Bennett, the firm’s UK projects director.
“Our focus is about organic growth and supporting the distributor network. We are growing with them.
“We have a select number of distributors – we don’t look for mass market. We are 100% distributor-focused, unlike some of our competitors who will take on a project direct if they feel they are going to lose the job. We would rather lose the job.”
Bennett reported that MKN is looking to add to its UK team of five staff due to this growth.
The company has also ploughed further investment into its German factory with a €5m spend on a 45 metre metal processing machine. “We put raw material in one end and a finished product is produced at the other,” detailed Bennett. “Traditionally the process would incur cutter, folder, polisher and labour costs, so we have saved on all of those.”
The firm tends to launch new products near major exhibitions, with the main focus being the Milan Host Exhibition. This is next held in October, so the market should standby for further announcements then.