Business Weekly - Cambridge, UK

The Huntingdon company sells products and services for dehumidification, humidificat-ion and air cooling and now employs over 2,374 people in more than 25 countries. It enjoys 50 per cent market share globally.

Roughly half of annual group sales are generated by new applications. Sales were 23 per cent ahead last year while the order intake was 27 per cent higher.

Average annual growth in earnings per share has been 21 per cent since the company was listed on the stock exchange in 1997.

Munters’ Moisture Products Control specialists lead the world in water damage restoration and temporary dehumidification.

Its major customers are insurance companies and claims adjusters.

Munters works with most major insurers in Europe, the US and Asia. Part of the business consists of disaster response following floods and other emergencies.

The company’s temporary climate control services are aimed at ensuring correct humidity and temperature for various industrial processes. Munters works with most major European construction firms and is also a world leader in the field in the petrochemical and power industries.

Munters’ fastest growing product segment is HumiCool: the technology makes it possible to cultivate plants and raise poultry in hot, dry climates. Customers are mainly in the poultry, ventilation and power sectors.

The company is also increasingly active in the global automobile industry where constant humidity is necessary during the painting process, due to the use of more water-based paints.

Munters is also active in selected niches of the global air treatment market. The company has a strong position in the pharmaceutical, food and power industries.

To maintain its world lead in moisture control, Munters invests significant resources in product development.