Our story Growth in spite of recession On July 5th 1974, the one-man company was converted into the stock corporation "NOUVAG AG". At that time, many companies had to grapple with an upcoming recession. NOUVAG AG was not only unaffected by this economic slump, but quite on the contrary saw itself confronted with the necessity of making plans for expansion, as the steadily growing volume of orders no longer permitted optimal production procedures at the site where the company was located at that time. In 1976, the company was able to move to a new plant. Even at this early stage, Beda Hutter, the dynamic entrepreneur, had realised that successful exploitation of the market and further expansion of the company would only be possible if the company developed its own range of products. Market analysis combined with an element of intuition led NOUVAG AG to venture into the crisis-proof segment of medical technology with its excellent future potential.