The new millennium began with a peak year for Nefab and all curves pointed upwards. However, waiting around the corner was the IT-bubble and it burst with full force, which impacted Nefab and its customers within the Telecom Segment.
But not even the IT bubble or the 2008 financial crises could halt Nefab’s new expansion plan. A new strategic direction was established, with the ambition to better address customers’ complete packaging needs. The vision was to become – The global partner for Complete Packaging Solutions!
To support the vision of becoming a provider of complete packaging solutions, Nefab needed to enhance the capabilities within complementary packaging materials and service areas. Therefore, Nefab made several acquisitions in Europe – for example in Belgium, the Netherlands, Austria, Finland, Norway, Spain, Germany and France. The objective was to build a global competitive advantage where Nefab could supply global customers with multi-material solutions, matching the customers’ global footprint. To fulfill these ambitions Nefab would also have to expand the geographical footprint even further.
At the beginning of the new millennium the telecom crisis was a fact and the IT-bubble burst with full force. Nefab’s turnover stagnated and it was necessary to temporarily cut back on the expansion plans. But soon the business climate improved and Nefab could start expanding the footprint yet again. In 2005 a manufacturing site was built in Slovakia. And now the big Asian expansion would take place. In China, a site was added in Beijing 2007 and two years later, sites were established in Xiamen and Wuhan. Another big step is taken, when Nefab decides to enter another huge and fast-growing market – India! The first site in India was built in Manesar 2007, and one in Chennai in 2009. While the geographical footprint was expanded and capabilities in new materials were added, a global engineering network was also established to ensure that competence, solutions and learnings could be shared more effectively between different regions and markets. A new global system to store and share drawings was also implemented. Through the new system engineers could easily and efficiently store, find and share solutions within the global engineering network.
During the ‘00s, new government policies in Europe pushed for Renewable Energy. Therefore, Nefab intensified the efforts to address two hot industrial sectors: Solar and Wind. Business success in countries like Spain and Denmark led to the decision to make Renewable Energies a focus sector for all Nefab companies in the late ‘00s.