Discover Benelux | Business | PM-International
It is not just in the field of technology that PM-International plays a key role in Luxembourg life. The company is also involved in the promotion of professional sports through a cooperation with the Luxembourg Federation for Basketball (FLBB), as well as supporting the Luxembourg Federation for Rowing (FLSA).
Government research Luxembourg is becoming an increasingly important centre for science and research in Europe, and PM-International’s role in this is impressive. “We are very proud to be a part of it. That’s why we have a close collaboration with the national innovation agency Luxinnovation, the Luxembourg Institute of Science and Technology (LIST), and the government,” points out Sorg.
ActiVitis PM-International engages in basic and applied research collaborations with scientists and institutions throughout Europe, two of which are funded by the government of the Grand-Duchy of Luxembourg, namely GlucoTOP and ActiVitis. The latter is realised in collaboration with the Environmental Research
and Innovation (ERIN) department of LIST, and is part of a five-year collaboration that aims to develop new bioactive dietary supplements from Luxembourg winery by-products. “The main objective of the project is to extract secondary plant compounds from grape pomace and to upcycle them for industrial purposes in a sustainable way and in the context of the national circular economy strategy,” explains Sorg. “This involves a cutting-edge, environmentallyfriendly green extraction and drying process that saves water and energy.”
Worldwide success More than 520 million of PM-International’s products have been sold to date and July 2019 marked a more than 25 per cent increase in global sales, compared to the previous year’s results. “Strategically and economically, PM-International has set the course to break the one billion USD turnover mark in 2019,” reveals Sorg.
Sustainable future PM-International is committed to making the world a better place beyond its dayto-day business. For more than 15 years, the company has had a cooperation with
Scientists from PM-International and LIST with, far right, PM-International Chief Scientific Officer Dr. Tobias Kühne
the international charity World Vision and is currently sponsoring 1,800 children all around the world. “We share the value of building a sustainable future and dedicate ourselves to helping children, their families, and whole communities around the world, with the overall goal of self-sufficiency,” points out Sorg. In 2018, PM-International was named World Vision’s largest corporate sponsor. Once the company reaches one billion USD turnover, it plans to sponsor 500 additional children in an ADP (Area Development Program) in Peru.
Global expansion The future looks bright for PMInternational, which is working to expand its business to Canada, China, Vietnam, Brazil, Indonesia, and Ukraine. Sorg is convinced that there is plenty of room for further growth. “As of now, PMInternational has a global market potential of 15.2 million core customers and 36 billion euros, and both the world population and purchasing power will continue to grow over the coming years,” concludes the CEO. Web: www.pm-international.com
At PM-International’s laboratories in the LIST.
Rolf Sorg.
Charity Ambassador Vicki Sorg visiting sponsored children in India.
PM-International’s R&D team at work.
Issue 70 | October 2019 | 53