[Image courtesy of www.devro.com]
CBI member Devro, the world's leading supplier of collagen casings for food, recently announced its 2011 financial results, reporting continued strong performance, with operating profit before exceptional items up 15.5%, reaching £42.7 million. Devro's revenue in 2011 was £227.7 million, an increase of 6.6% compared to the previous year.
Devro continued to expand in China, strengthening its sales and technical teams in Hong Kong and opening a representative office in Beijing last year. The increased focus on the region has already produced higher sales in South East Asia.
Although 2011 sales volumes in China were limited, Devro's products have been introduced to, and trialled at, all of the leading sausage manufacturers in China, with a view to developing increased business in 2012 and 2013. The long-term prospects for China remain attractive.
Please click here to read Devro's full results for 2011.
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