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In the 1980s, SVT expanded into other business sectors, including desalination and household water treatment products by acquiring other companies.
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Beginning of demand increase regarding cruise holidays.
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SVT’s consumer products Division made consistently increasing contributions to SVT’s overall profit, also their share price rose by 65% and their annual profits doubled.
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SVT began to take over many small water filter manufacturers in both Europe and the United States of America.
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6,000 SVT employees have taken part in the Outreach program since 2013. The hiring program is designed to help people in least developed countries.
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SVT completed a takeover of a rival engineering company, H4 PLC.
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Increase in the demand for cruise holidays has boosted SVT’s sales figures for desalination plants by 300%.
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The modernization programme of the former H4 factories was completed successfully.
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SVT’s board of directors approved a substantial five year marketing budget.
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Director Jayne Dees, spent three months teaching English in Sudan.
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SVT launched a competition, aimed at investors and entrepreneurs, to develop a water purifier that met strict criteria in terms of cost, usability and longevity. The winner of the competition would receive a price of $100,000 dollars.
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The winner was announced, James Azuki, a university student from Tanzania. His design’s name remained the same when SVT adopted it, that being WF15 as it was his 15th prototype revision.
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The smallest of the former H4 factories manufactured SVT’s first wind turbine.
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WF15 has begun production, although board members haven’t yet decided on what pricing strategy to use.
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The former H4 factories will get their first full order booked, that is, 10 large turbines per year.