September 12, 2022

 

Novus International to shift from direct sales in China

 
 

 

Novus International, Inc. announced in late-August plans to change to an indirect business model in the China market.

 

Company leaders said they are working to establish channel partners to continue serving customers in the country. This change is part of the international feed additive company's drive to better serve those in its core markets through its strategic business plan, Project Destiny.

 

"This critical business decision allows us to focus on the expansion of our business in Asia and focus our direct investment where we have tremendous growth potential," said Dan Meagher, Novus's chief executive officer and president. "Our investment and focus on our core Asia markets have never been stronger."

 

While the decision will allow the company to invest in other parts of Asia, Novus leaders recognise the importance of their customers in China and the country's own vital position in the animal protein industry.

 

"We are actively working to identify potential partners/distributors to serve our customers in the China market and represent our product portfolio," said Vaibhav Nagpal, Novus' managing director for Asia.

 

Novus entered the Asian market in 2003. The decision to change business models in China is aligned with Novus's business strategy to simplify operations and invest in markets that are aligned with its core strengths for driving sustainable growth.

 

"We must continue to transform and position ourselves for further growth and increased success in markets that allow us to stand out with differentiated products and unique offerings," said Meagher.


- Novus

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