Ferdinand Ruesch believes that Labelexpo Brussels has helped in releasing a lot of investment in the label segment. “After the exhibition, we have received considerable interest from America and Europe. But most of it has originated from Asia and the Indian market has a significant role in it. In order to sustain this sort of a demand and growth, as far as the Indian market is concerned, there are a lot of factors that need to be sorted out,” says Ruesch. He thinks that the Indian currency situation needs to settle down which would help the decision makers to make their investments in the near future. So far the market has reacted very positively to the corrections and the year is set to end on a good note, but whether this kind of a performance actually carries into the next financial year is not clear. Other key locations in Asia have been China, Singapore and Indonesia. Gallus has already established its own operations in China and Indonesia.
“Although the market is not at its strongest, even Europe continues to deliver,” says Ruesch. Though countries such as Spain and Portugal are suffering due to the crisis with the Euro, traditional markets such as England and Germany are still not bad and demand exists. The key factor Ruesch believes is the fact that Gallus is present globally and thus reduced demand in any particular market is expected to be compensated by better demand cycles in other markets. Gallus’ current financial year ends in December and Ruesch says, the current year has already become a significantly better one compared to the previous year. For Ferdinand Ruesch, India is a very special market and he says that the cleanliness, efficient workflow and organizational capabilities of an average Indian label printer puts them above any average European label printer. This is his first visit to Chennai and he says that he is already impressed with what he sees.
