Amichai Steimberg appointed Highcon Chairman

Highcon webinar on 16 September 2020

The Highcon Beam 2C Nonstop Configuration that was intended to on show at drupa in June 2020 Photo Highcon
The Highcon Beam 2C Nonstop Configuration that was intended to on show at drupa in June 2020 Photo Highcon

Yavne, Israel, 9 September 2020 – Highcon announced today that its shareholders appointed Amichai Steimberg as chairman of its Board of Directors. Steimberg retired in March 2020 as the chief executive officer of Orbotech, a leading global supplier of yield-enhancing and process-enabling solutions for the manufacture of electronics products. In his 28 years there, Amichai worked at all levels of the organization, and from February 2019 until his retirement, Amichai led Orbotech through its acquisition by KLA.

Despite the real business and logistics challenges imposed by the global pandemic, Highcon has been able to continue demonstrating the value of its digital die-cutting and creasing solutions and completed purchase agreements or installations with six customers in multiple countries in Europe during this challenging period. The Company has been conducting regular customer-facing virtual events, including live product demonstrations in the folding carton and corrugated industry, webinars* for customers, brand owners, industry partners and prospective clients. Highcon has seen an increasing number of participants in these events. The ability to gain the attention of so many in a relatively short period of time is certainly an accelerating contributor to its sales and marketing activity in these uncertain times. Highcon is represented by Monotech Systems in India.

Regarding Steimberg’s appointment, Shlomo Nimrodi, Highcon CEO said, “I am pleased to welcome Amichai to our Board of Directors and look forward to his insights from 30 years of experience across many disciplines, including strategy and finance, to propel Highcon forward. The continued commitment of our Board, especially in these uncertain times, has been greatly appreciated and we intend to keep delivering on the proven promise of our revolutionary technology.”

“Highcon is well-positioned to provide innovative digital production solutions for the large and growing packaging industry. I am excited to work closely with the talented management team. Together with strong support from our committed strategic investors, we will provide Highcon’s customers with tools designed to address their efficiency, sustainability and production challenges,” said Amichai Steimberg.

Support from Highcon stakeholders

Benny Landa, the founder of Indigo and the Landa Group, a pioneer in digital printing and one of Highcon’s leading strategic investors, commented on the appointment, “Amichai is our choice to partner with management as it transforms Highcon into an industry category leader. His prowess in building multinational capital equipment companies is a perfect fit for our long-term strategy. His experience, together with the leadership of Highcon’s CEO, Shlomo Nimrodi, gives us confidence that Highcon will continue its strong growth trajectory.”

Fiona Darmon, Highcon Board member, and general partner with leading international VC fund JVP added, “As Highcon continues to grow and expand, addressing the growing needs for agility, swift and adaptive manufacturing processes, eye-catching and engaging packaging, with a rich sustainability proposition, we are excited to welcome such a seasoned chairman, alongside our leading management team. We wish Amichai, Shlomo, and the company great success in continuing to meet the growing market demand.

*The next webinar, including a virtual visit to a customer site, will be held on September 16th and features Stora Enso and Gafs Kartong talking about Innovative Eco-friendly Solutions for Confectionery.

The Covid-19 pandemic led to the country-wide lockdown on 25 March 2020. It will be two years tomorrow as I write this. What have we learned in this time? Maybe the meaning of resilience since small companies like us have had to rely on our resources and the forbearance of our employees as we have struggled to produce our trade platforms.

The print and packaging industries have been fortunate, although the commercial printing industry is still to recover. We have learned more about the digital transformation that affects commercial printing and packaging. Ultimately digital will help print grow in a country where we are still far behind in our paper and print consumption and where digital is a leapfrog technology that will only increase the demand for print in the foreseeable future.

Web analytics show that we now have readership in North America and Europe amongst the 90 countries where our five platforms reach. Our traffic which more than doubled in 2020, has at times gone up by another 50% in 2021. And advertising which had fallen to pieces in 2020 and 2021, has started its return since January 2022.

As the economy approaches real growth with unevenness and shortages a given, we are looking forward to the PrintPack India exhibition in Greater Noida. We are again appointed to produce the Show Daily on all five days of the show from 26 to 30 May 2022.

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– Naresh Khanna

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