Olympus Automation says it does not fear a recession because this would simply increase demand for its software, which helps food producers to cut costs.
Founded in 1997 by Harry Norman, James Gathercole and Kevin Searle, the Lincolnshire company works with the likes of Northern Foods to raise production efficiency. With supermarkets pressing producers to cut prices, business has been brisk. Olympus’s sales have grown 145% a year, from £209,000 in 1998 to £1.3m in 2000.
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