Cabinplant hits EUR 50 million in sales, opens new production facility
Seafood processing equipment-maker Cabinplant has opened a new facility at its headquarters in Haarby, Denmark.
The new, 4,500-square-meter production plant increases the company’s production area by 50 percent, allowing Cabinplant “sufficient capacity for continued growth in the coming years,” according to CEO Ralf Astrup.
“It feels fantastic to be able to stand in a production hall like this today and we all have great expectations as to what we can achieve in the next few years. It is no small investment,” Astrup said. “We have great ambitions for our global growth and, with the new facilities, we are well-equipped to meet customers' further automation and streamlining of their production lines.”
Cabinplant, which celebrated its fiftieth anniversary last year, has seen its sales increase by 25 percent in recent years and recorded more than EUR 50 million (USD 59.3 million) worth of sales in 2019.
Astrup said the company chose to expand in Haarby because “this is where we have our development and production competencies.” Cabinplant also operates additional manufacturing and research and development facilities in Poland, and subsidiaries in Germany, Spain, and the United States. The company develops and manufactures processing equipment for the seafood, fruit and vegetable, meat and poultry, and convenience foods industries, as well as multi-head weighing and packing solutions for a wide range of industries.
Cabinplant’s expansion has been aided by its parent company, CTB, Inc. a Berkshire Hathaway company, which took over 80 percent of Cabinplant’s shares in 2016 with the goal of pushing the company to expand, with a focus on the development of new products and partnerships.
Photo courtesy of Cabinplant