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PM-International

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PM-International AG
Company typeUnlisted Stock Corporation
IndustryDirect Selling
Founded1993 Limburgerhof
FounderRolf Sorg
Headquarters
Schengen
,
Luxembourg
Area served
worldwide
ProductsCosmetics, Dietary Supplements
Revenue$1.71 billion (2020)[1]
OwnerRolf Sorg
Number of employees
950 (2020)
Websitewww.pm-international.com
European Logistics Center (2020)
The European headquarters of the company (2019)

PM-International AG is a manufacturer of dietary supplements and cosmetics based in Schengen (Luxembourg).

History

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PM International was founded in 1993 by Rolf Sorg in Limburgerhof. In the same year, the first foreign branch office was opened in Poland. In 1994, the PM International holding company was founded in Schengen, Luxembourg.[2] Since 2015, the company headquarters have been located there.[3]

In 2003, the company opened a logistics center in Speyer (Rhineland-Palatinate). In 2005, the legal form was changed from a GmbH (limited liability company) to an unlisted stock corporation. In 2015, the company opened a headquarters for the Asia-Pacific region in Singapore.[4]

In 2019, construction began on a fourth warehouse in Speyer, Germany.[5] 2020 saw expansion to Arendonk in Belgium.[6] In the same year, the company released its own payment system PM Direct Cash in Europe, with which sales partners receive their income directly at the conclusion of the purchase.[7]

Company structure

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PM International has over 35 branches in more than 40 countries worldwide. In 2019, the company generated total sales of 205 million euros in Germany.[8] PM-International employs over 950 people worldwide, 192 of whom work at the logistics center in Speyer (2020).[5] The company's products are sold through independent distributors in multi-level marketing, on the Internet and through its own direct sales force.[9]

PM International is run as a family business, father Dieter Sorg is an engineer and responsible for the company's construction projects, wife Vicki Sorg looks after the social projects and Rolf Sorg's mother is also involved in the company.[2][5] The company also maintains a research cooperation in the field of nutritional sciences with the FH Oberösterreich.[10][11]

Products

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The company develops and produces exclusively products of its own brand FitLine. PM-International is also the official supplier of various sports teams and associations with its FitLine brand.[12][13]

Sponsorship

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The company cooperates with sports teams such as the German,[14] Austrian[15] and Polish Ski Associations,[16] the German Ice Hockey Federation,[17] the German Cycling Federation,[18] the German Athletics Association,[19] the Swiss Sliding Federation,[20] the Luxembourg Handball Federation[21] and the Luxembourg Basketball Federation.[22]

Awards

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  • 2018: German Brand Award of the German Design Council and the German Brand Institute
  • 2018: Charity Award of the industry magazine Network-Karriere[23]
  • 2019: German Brand Award of the German Design Council and the German Brand Institute
  • 2020: German Brand Award of the German Design Council and the German Brand Institute, "Excellent Brands / Health & Pharmaceuticals".[24]
  • 2010-2022: Represented in the DSN Global 100: The Top Direct Selling Companies in the World list[25] (rank 9 in 2022)[26]
  • 2021: Le Fonti Award[27]
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References

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  1. ^ "Bravo International Growth Award / PM-International". Direct Selling News. 25 June 2021.
  2. ^ a b Diskreter Direktvertrieb, in: Lëtzebuerger Journal (in German)
  3. ^ “When I entered the market I felt like a missionary”, in: Delano, 01.07.2019.
  4. ^ Teil des regionalen Wirtschaftsmotors, in: Lëtzebuerger Journal, (in German).
  5. ^ a b c Lachholdt, Sarah (2020-03-21). "Spatenstich für die 4. Lagerhalle von PM-International". Samstags Zeitung (in German). Retrieved 2021-07-29.
  6. ^ "Neue Niederlassung: PM-International eröffnet den belgischen Markt". presseportal.de (in German). 23 September 2020. Retrieved 2021-07-29.
  7. ^ "PM-International Launches PM DirectCash - Direct Selling News". www.directsellingnews.com. 16 June 2020. Retrieved 2021-07-29.
  8. ^ "PM-International AG, Speyer". www.northdata.de (in German). Retrieved 2021-07-29.
  9. ^ Yogeshwar, Ranga (2012). Ideenschmieden : die innovativsten Unternehmen im Mittelstand. München: Redline Verlag. ISBN 978-3-86414-312-0. OCLC 841169628.
  10. ^ Röhrl, Clemens; Stübl, Flora; Maier, Martin; Schwarzinger, Bettina; Schwarzinger, Clemens; Pitsch, Johannes; Lanzerstorfer, Peter; Iken, Marcus; Weghuber, Julian (2020-01-05). "Increased Cellular Uptake of Polyunsaturated Fatty Acids and Phytosterols from Natural Micellar Oil". Nutrients. 12 (1): 150. doi:10.3390/nu12010150. ISSN 2072-6643. PMC 7019862. PMID 31948089.
  11. ^ "Gesundheit: Suche nach wirksamen Pflanzen-Inhaltsstoffen". DER STANDARD (in Austrian German). Retrieved 2021-07-29.
  12. ^ "Deutscher Skiverband [Über uns (Sponsoren und Partner)]". www.deutscherskiverband.de. Retrieved 2021-07-29.
  13. ^ "Der Koreanische Ringer Verband (KWF) wird neuer FitLine-Partner". presseportal.de (in German). 27 January 2021. Retrieved 2021-07-29.
  14. ^ "Deutscher Skiverband [Über uns (Sponsoren und Partner)]". www.deutscherskiverband.de. Retrieved 2022-01-10.
  15. ^ "ÖSV - Österreichischer Skiverband". ÖSV - Österreichischer Skiverband. Retrieved 2022-01-10.
  16. ^ "PZN - Polski Związek Narciarski". pzn.pl. Retrieved 2022-01-10.
  17. ^ "Fitline | Deutscher Eishockey-Bund e.V." www.deb-online.de. Retrieved 2022-01-10.
  18. ^ "rad-net.de - Home". www.rad-net.de. Retrieved 2022-01-10.
  19. ^ "PM-International AG neuer DLV-Kooperationspartner". www.leichtathletik.de | Das Leichtathletik-Portal (in German). 18 February 2017. Retrieved 2022-01-10.
  20. ^ "Swiss Sliding Online > Home". Swiss Sliding Online (in Swiss High German). Retrieved 2022-01-10.
  21. ^ "FitLine Becomes Partner of Luxembourgish Handball Federation". Chronicle.lu. Retrieved 2022-01-10.
  22. ^ "FLBB - Fédération Luxembourgeoise de Basket Ball FLBB" (in French). Retrieved 2022-01-10.
  23. ^ lifePR (c) 2002-2021 (2019-01-16). ""Die Milliarde ist zum Greifen nahe", PM-International AG, Pressemitteilung - lifePR". www.lifepr.de (in German). Retrieved 2021-07-29.{{cite web}}: CS1 maint: numeric names: authors list (link)
  24. ^ German Brand Award 2020: PM-International AG erneut ausgezeichnet, in: Speyer-Kurier, (in German)
  25. ^ "PM-International AG auf Platz 10 der Weltrangliste DSN Global 100-Unternehmen". Network-Karriere - Europas größte Wirtschafts-Zeitung für den Direktvertrieb (in German). 2021-04-20. Retrieved 2021-07-29.
  26. ^ "Global 100 List - Direct Selling News". www.directsellingnews.com. 18 March 2021. Retrieved 2022-06-01.
  27. ^ "PPM-International CEO Wins Le Fonti Award for CEO of the Year". Direct Selling News. 2021-09-27. Retrieved 2021-11-25.
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