“To ensure the lasting success of our company, we need to clearly devote our resources to serving the markets of tomorrow. We will do so by focussing on our core packaging printing business,” says Siegwerk’s CEO Herbert Forker. “It is here where we see significant growth opportunities particularly within the strongly accelerating Asian markets.”
All 76 permanent employees in Siegwerk’s web offset business will be offered a transfer into other areas within their Siegburg site with Flint Group intending to employ a core team from Siegwerk’s web offset business after the sale. The Siegwerk publication gravure business, which manufactures printing inks for high-end magazines, catalogs and commercials, will be continued. Its long-standing expertise and high market share of around 45% in Europe give Siegwerk a strong market position in this area. Siegwerk will work closely with Flint Group to ensure that any handover of business is completed without disruption and that the same products and services for the customers of both companies are maintained throughout.
Packaging South Asia is the cooperating media partner for drupa 2016 which is scheduled to be held from 31 May to 10 June at Dusseldorf, Germany