food ingredients technologies
TRANSCRIPT
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http://fit-ingredients.com/
the art of blending
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http://fit-ingredients.com/
Vision and Mission
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http://fit-ingredients.com/
Who are we?
FiT was founded in 1998 by 3 partners, combining more than 30 years of scientific, commercial and financial experience and expertise in this market segment.
Today FiT is co-managed by
David Landau
Dimitri Van de Voorde
FiT employs 11 people
4 in management
7 workers
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http://fit-ingredients.com/
Our vision
To invent and distribute high quality food additives and ingredients at the best price.
To become the privileged partner in the development of the products of our customers.
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http://fit-ingredients.com/
Our mission
We develop and produce custom-made food additives according to the wishes of our customers and in compliance with the strictest IFS standards.
The priorities Fit sets are those of its partners: quality, safety, efficiency, price and above all FLAVOUR.
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Our customers
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http://fit-ingredients.com/
The priority markets
To fully understand the needs of our customers, we have adopted a niche strategy which has led us to specialize in the following domains:
The Meat Industry (processed meat/ready to eat meals)
The Fish Industry
The Sauce Industry, Mayonnaise
The Vegetable Industry
The cakes, biscuits and ice cream Industry
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http://fit-ingredients.com/
Trading area
Fit sells everywhere in Europe but mainly in Belgium and the adjacent countries, which gives us still good growth perspectives
Belgium; 65%
France15%
Netherlands; 18%
Other; 2%
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Customer structure
FiT works with a stable core group of about 150 customers, of which none represents more than 10% of the total turnover: this leads to real commercial independence.
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50.% turnoverAmount of customers
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Our key processes
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Our strengths
Our capacity to meet the specific needs of our customers concerning:
Products
Packaging (from 250 g to 25 kg)
Flexibility: next day on site (on stock), D+5 (production)
A complete offer of the type one stop shop for the additives, herbs and marinades
In line with our customers’ expectations, FiT invests in its key processes.
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Quality
In a market segment where the notions of quality and hygiene are of the utmost importance, FiT has obtained the IFS certificate.
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Investments
Investment policy
To meet the expectations of the markets, FiT regularly invests in production material
Information system
FiT has its own ERP system at its disposal, allowing it to completely and flexibly manage the production from the order until the invoicing with performance indicators in place.
In the near future, a CRM will be implemented in the company.
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Purchases
Independence :
Each year, FiT purchases for approximately 2.000 K€ raw materials with dozens of suppliers, of which approximately ten are key partners without however being predominant.
For each raw material, FiT has several potential suppliers to be able to meet the customers’ expectations without delay.
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Purchases
Meeting delivery times :
To meet the customers’ expectations with regard to the delivery times, purchases are closely followed – through ERP.
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StocksOptimal stock:
After a phase of stock increase, FiT has implemented managing techniques allowing a stock reduction while assuring an optimal service level.
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SALES PURCHASES
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Our product ranges
ChopFiT
HamFiT
TasteFiT
RawFiT
FiTArom
FiToGel
MarinaFiT
FiTstarter
SpiceFiT
FishFiT
FreshFiT
FiTColor
FreshFiT Bacterin
BioRed
Bulk products
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Learning & Change
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Our strengths
To meet the specific needs of our customers, the FiT strategy leads to investments in:
Co-operations with universities
The continuous improvement of products and processes
New product ranges and new products
Ad hoc consultancy
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2010 Ready for a new start !
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Decision to move to Ghislenghien
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Decision to move to Ghislenghien
Luxemburg did not have sufficient space to absorb the production growth
To be closer to the customers
Dynamic policy of the Walloon Region (government aid)
Available workforce
Possibility to extend the production capacity
Orientation of the efforts towards development
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Consequences
Purchase of the buildings in 2009
Move in 2010
Start of the production March 2010
Training of new personnel
Rewriting of the quality system AFSCA/IFS
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New Investments
Buildings
Machines
Ventilation system
Tool improvement (flours and humidity check)
Momentarily under investigation: extraction and mixes of essential oils
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2010, in a nutshell
A year of challenges
Consequential investments
A gloomy economical environment
Selection of the customers with the aim of cash flow
Aim of profitability vs. turnover
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2015Opportunities, assets & projects
« The food and drink industry is one of Europe's most important and dynamic
industrial sectors. It is made up of about 310 000 companies, and provides jobs
for more than 4 million people »(European Commission, Entreprise &
Industry)
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A market full of opportunities
With a market share of 12.2 %, the food industry is the second largest sector in the manufacturing industry in value added terms; it accounts for 14.5% of total manufacturing turnover (€917 billion for EU27) and 13.7% of employment !
Key figures for the Belgian Market
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Our strengths
•Size
•Location
•Active shareholders
•Small is Good
•Heart of Europe
Structures
•Competence
•Flexibility
• In-house
•Partner vs. Customer
•Motivation
Organization
•Quality Control
•Price
•Custom-made
• IFS Quality
•Very Competitive
Products