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BHS tabletop AG, (parent of the Bauscher, Schonwald, and Tafelstern dinnerware brands) a global market leader in the field of professional porcelain, remained on its winning track in the financial year ended (calendar year 2014). The company’s sales almost reached the 100 million mark at EUR 99.3 million, 9.1 per cent higher than in the previous year (EUR 91.1 million). The earnings position was equally pleasing: operating income (EBIT) in 2014 totalled EUR 4.7 million, an increase of around 29 per cent compared with the previous year (EUR 3.7 million). Christian Strootmann, CEO at BHS, explains: “We counter the persistently fierce price competition resulting from worldwide overcapacity with highly innovative product concepts and sophisticated international tabletop and logistic solutions. We position ourselves as a service provider and a problem-solver, and that is precisely why we remained the world’s most sought-after contact for the professional foodservice business last year.” The continued success of the BHS tabletop strategy in the financial year ended is shown by a number of new references such as the new cruise liner TUI Mein Schiff3, leading hotels such as the Four Seasons in Moscow and the Waldorf Astoria in Jerusalem, and the company’s presence at the football World Cup. In the VIP areas at the twelve World Cup stadiums in Brazil, BHS was represented with professional porcelain from its brands Bauscher, Schönwald and Tafelstern.
Noble China: BHS tabletop proves its innovative power
Strootmann regards the market launch of an extremely innovative bone-white porcelain body under the brand name Noble China as another milestone of the financial year ended and a revolution from a technological perspective. The porcelain, with its precious and filigree aura, is tailor-made for use in high-class catering establishments and hotels and impresses with its edge impact resistance and surface hardness. Accordingly, Purity, the new up-market china collection from Bauscher, is the most successful new product launch in the last 20 years at BHS. “Noble China has given BHS tabletop access to new target groups. We have shown that we can translate our state-of-the-art technology head start into innovative products of the highest quality”, adds BHS tabletop’s CEO. BHS tabletop makes further investments in Germany Investments in technology and capacity extension are the driving force for further growth and for differentiation among competitors. In the reporting year, BHS invested a total of EUR 14.7 million. The main focus of its investment, apart from the acquisition of UK hospitality supplier John Artis, was the installation of a new high-pressure casting plant at the company’s Schönwald site. BHS is going to invest another EUR 5 million in 2015. This will finance a further carousel crushing plant at the Weiden site with a view to increasing its existing capacities. The investment volume estimated for that project is EUR 1.3 million. In Schönwald, another EUR 1.4 million is going to be invested in the expansion of high-pressure casting capacities. From a sustainability point of view, too, BHS is playing a global pioneering role in the porcelain industry. Sustainable business management and modern environmental management are anchored firmly in the company’s processes and in its code of conduct. The company is certified in accordance with DIN EN ISO 14001 (environmental management) and DIN EN ISO 50001 (energy management). As of 31 December 2014, the company employed 1,132 people (previous year: 1,103). This increase resulted primarily from the acquisition of UK-supplier company John Artis. At the German sites the employment situation is pleasingly stable. Despite the high level of pension obligations, the financial and liquidity position at BHS remains solid. The unprecedentedly low interest rates led to a dramatic increase in pension provisions in the financial year and were accompanied by a reduction in the equity ratio. Even the group’s positive earnings figures were unable to offset this state of affairs. Consequently, the equity ratio declined from 40 to 32.5 per cent – although it remains at a comfortable level. Together with its highly positive liquidity position, then, BHS also retains the necessary financial strength to carry on investing successfully in markets and processes in the future. Outlook: Positive forecast for the current financial year The geopolitical crises in Eastern Europe are affecting all consumer and capital goods manufacturers. The economic sanctions imposed by the USA and the European Union, among others, and the sharp drop in the rouble for which these were partly responsible makes exporting more difficult and are currently having a depressant effect on investment intentions in the hotel and catering sector. The severe debt crisis in Greece is presently generating the same effect. In the USA, on the other hand, the buoyant economic figures give grounds for optimism. The fact that BHS exports to more than 120 countries and has developed even greater proximity to its customers in recent years continues to give the company a solid starting position for profitable growth. Christian Strootmann: “Although no upward trend will be discernible for a long time to come in the southern and eastern European economies, there are encouraging signals from other important regions and target markets. Thanks to our global presence, which is underlined by an export ratio of around 50 per cent, to our proven business model, and to our highly motivated and professional workforce, we are starting the current financial year optimistically despite the many challenges.”
For more information on Tafelstern porcelain and its new Ombré line of dinnerware, go here:
Tafelstern - New Ombré Porcelain Dinnerware It’s a growing trend these days….Bauscher Hepp, Inc. is now announcing the opening of their new showroom in Chicago’s booming Fulton Market Innovation District. Their new showroom has been created in partnership with The Hode Group, a manufacturer representative company providing products & services to catering, healthcare, hotel, and restaurant professionals, as well as Chef Works, a uniform company for the hospitality industry.
The new showroom, located at 1048 West Fulton Market, boasts a 1400 square foot display space, a rooftop patio for entertaining and events, as well as a 1400 square foot storage space in the basement. The elegant presentation of all five of the company’s European brands will give clients a first class opportunity to select and build the best tabletop option from Bauscher Hepp’s extensive portfolio. The Bauscher Hepp lineup of hospitality tabletop brands includes Bauscher and Tafelstern porcelain dinnerware, Hepp and WMF flatware & hollowware, and Luigi Bormioli glassware This is the company’s second new showroom in the last year. In January 2014 Bauscher Hepp, Inc. announced that they would be relocating their corporate office that includes a 3400 square foot showroom and event space to support growing sales and headcount. The choice to build a second showroom in Chicago stems from the strong business relationships developed by Vice President of National Accounts MaryAgnes Raulston. “Chicago is an amazing city for hotels and restaurants…the growth is unbelievable. Locating our showroom in the heart of the old meatpacking district and just a few blocks from the Randolph Street restaurant row is proving to be extremely successful. Chicago is a great city to visit and an easy place for customers to fly into when looking for new tabletop ideas and inspirations.” To learn more about the Bauscher Hepp Inc. collection of hospitality brands and products, go here: http://bauscherhepp.com/ On the strength of the launch of Bauscher’s new Purity porcelain, sales achieved from The World Cup event, and strong sales success in North America, BHS Tabletop AG (parent of the Bauscher, Schonwald, and Tafelstern brands) announced its optimism for 2014 and dividend results for fiscal 2013. In North America, the restructuring of Bauscher USA with a positive impact resulting in U.S. sales growth from 4.8MM to 11.6 MM USD. In addition to strong results, the company announced a series of investments totaling 5.1 million Euros from this past year, including new high-pressure casting equipment at Schonwald. The company has also upgraded IT systems and reinvested in improvements to become more energy self-sufficient. "We understand it is not only our job, the BHS stand out from the framework and results in the industry, but also the strategic development of the company over and over again. Our production is currently probably the most modern and flexible production of hard-paste porcelain worldwide. And we want to expand our technology leadership," said BHS Tabletop AG CEO Christian Strootmann. Strootmann expects 2014 to remain positive for the company as the first several months have started positive both in terms of new products and strategic directions taken by the company. To read the entire release, go here: BHS Tabletop AG Press Release June 2014 To learn more about BHS Tabletop AG and its Bauscher, Schonwald, and Tafelstern brands, go here: http://www.bhs-tabletop.de/
Bauscher USA, Inc. is proud to announce the introduction of their new company name, BauscherHepp, Inc., effective January 1, 2014.
ProHeq GmbH, the parent company for Hepp and WMF Hotel, has acquired a stake in Bauscher USA joining BHS tabletop AG in ownership. The resulting partnership is the reformation of the North American subsidiary into BauscherHepp, Inc. BauscherHepp, Inc. distributes the BAUSCHER, HEPP, TAFELSTERN, WMF, and LUIGI BORMIOLI brands in USA. Additionally, BauscherHepp, Inc. distributes BAUSCHER, HEPP, and LUIGI BORMIOLI in Canada. BauscherHepp, Inc. has moved into new corporate offices at the end of January 2014 to support the growing sales and headcount. The new offices will almost triple the office space and feature a 3400 square foot showroom and event space allowing for clients to select the right tabletop from our extensive offering. “The addition of the first class metal brands completes our tabletop portfolio. We are able to supply a complete quality solution to discriminating clients”, said Jeffrey Heaney, President of BauscherHepp, Inc. “This is more significant than a sales cooperation. With the shared ownership of the US operation, our partners should be even more confident in the stability and secure future of our entity.” BauscherHepp, Inc. is a sales and marketing company for leading tabletop manufacturers producing plateware, cutlery, hollowware, and glass. Their clients include restaurants, hotels and resorts, casinos, private clubs, cruise lines, healthcare and retirement facilities, stadiums, and caterers. To learn more go here: www.bauscherhepp.com The BHS Tabletop group, parent of the Bauscher, Schonwald, and Tafelstern brands and a world marketleader for professional porcelain, increased its sales in the past financial year (2013 calendar year) by 10.7 per cent to Euro 91.1 million (preceding year: Euro 82.3 million). And the operating result also showed a positive pattern. BHS Tabletop’s success comes from a variety of projects. For example, BHS supplied the Confederations Cup in Brazil with porcelain and Bauscher, Schönwald and Tafelstern could also be found at the just completed Winter Olympics in Sochi. Quite a number of luxury hotels have opted for quality china from Upper Franconia and the Upper Palatinate regions in Bavaria. In addition, business in the US saw a disproportionally good market development. CEO Christian Strootmann expects to see further momentum there, given BHS’s collaboration with the Hepp and WMF Hotel cutlery brands. Also in the US, and in Canada and the Caribbean, BHS sells high-quality glass produced by the Italian manufacturer Luigi Bormioli. “We reinforced our global sales power and our position as a provider of integrated tabletop and logistics solutions. Given our service packages and supply dependability, the international catering sector increasingly views us as a provider for all issues concerning the set table,“ Strootmann said. He wants to further intensify the company’s sales expansion. In 2013, in a difficult market environment, BHS’s strategy had once again turned out to be right and reliable: “In a market showing excess capacities and cut-throat price competition, our 200-year-young company successfully developed its robust business model further,“ commented Strootman. For more information on BHS Tabletop and their results, go here: http://www.bhs-tabletop.de/index.php/company.152.html
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