Finalizes a Letter of Intent with Cerutti Group in Italy

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Giancarlo Cerutti, chairman and CEO of OMGC has commented, “In accordance with the programmes of our Group we have decided to accept the proposal of KBA for the purchasing of 100% Iberica and consequently we have signed a letter of intent. Iberica, which is operating in the ‘sheetfed’ packaging world, is no longer strategic for the current product portfolio of Cerutti Group that is more and more focussed on ‘web’ packaging equipment. We enjoy with KBA an old and consolidated relationship that is based on mutual esteem and cooperation. I’m sure that Iberica will benefit from further possibilities of growth and development at KBA.”  

Claus Bolza-Schünemann, president and CEO of Koenig & Bauer, said, “In the meantime the KBA Group delivers 70% of its presses to companies in the growing packaging market. Sheetfed offset presses from KBA-Sheetfed have an outstanding position worldwide for folding carton printers. With this in mind, adding flatbed diecutters to our portfolio for the same customer group makes perfect sense. The takeover and further development of Iberica through KBA corresponds to the strategic interests of both companies and we are confident that we will soon come to an agreement with the Cerutti Group given our longstanding solid company relationship.” 

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.

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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