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Printing Presses and Machinery (New and Used, Service and Repair)
News Release from: Heidelberg | Subject: Folding box gluers and punching machines
Edited by the Printingtalk Editorial
Team on 06 June 2003
Folding box gluers and punching machines
Heidelberg expands its postpress parts of the Jagenberg Group acquired services
Heidelberger Druckmaschinen AG has taken over the folding-box activities of the Jagenberg Group, Dusseldorf The companies involved are Jagenberg DIANA GmbH in Neuss, which manufactures folding-box and corrugated board gluers, and Woschnik + Partner Maschinenbau GmbH, which produces punching machines in Mönchengladbach
This article was originally published on Printingtalk on 8 Jul 2003 at 8.00am (UK)
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The third company is Jagenberg Slovensko Spol.
S.r.o.
in Nové Mesto nad Váhom (Slovakia), which supplies the two other firms with mechanical components and pre-assembled modules.
The majority share of the Jagenberg Group is held by Rheinmetall AG.
?This takeover fits in perfectly with our strategy of strengthening and expanding our finishing operations?, explained Bernhard Schreier, chairman of Heidelberg's management board.
?With these folding-box gluers and punching machines, we will be closing a gap in our portfolio and can therefore offer our customers extended solutions on the key growth market of packaging printing?, continued Schreier.
The global market for packaging printing presses is currently estimated at 1 billion Euros.
In terms of packaging presses, Heidelberg holds a world market share of just under 20%,.
?In Heidelberg, Jagenberg has found an internationally acclaimed partner whose strong market position among printshops and finishing shops will bring excellent development and marketing opportunities for the companies we have sold?, says Dr.Andreas Beyer, Chairman of the Executive Board of Jagenberg AG.
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