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18 December 2024
Koenig & Bauer Consolidation Plan
WUZBURG, GERMANY—
Koenig & Bauer is simplifying its structure into two segments, will dramatically slim down its board, and has recruited Heidelberg’s packaging chief for a new senior role.The world's second largest press manufacturer had flagged a “persistently challenging market environment”. “The Group’s top priority is to align itself with its customers and markets and to streamline decision-making paths within its business units,” CEO Dr Andreas Pleßke stated. The previous three divisions of Sheetfed, Digital & Webfed, and Special will be consolidated into two new segments:
Paper & Packaging Sheetfed Systems (P&P), and Special & New Technologies (S&NT). P&P will include the corrugated products under K&B’s joint venture with Celmacch, that were previously part of Digital & Webfed. The joint venture with Durst, already part of Sheetfed, remains here too.
CEO Dr Andreas Pleßke initiated the changes.
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World's second largest offset press manufacture
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P&P will focus on “high growth” folding cartons and corrugated markets, including post-press processing, while commercial sheetfed printing will “remain a further priority”. The S&NT business includes banknote and security printing presses, special presses for metal, glass and hollow container printing, and the remaining activities of what had been the stubbornly loss-making Digital & Webfed division. It includes the digital web and flexo web printing products, and special projects such as K&B’s alliance with Volkswagen’s PowerCo business for dry coating of battery cells.
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