Koenig & Bauer announces a 3.7% price increase

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Koenig & Bauer
Ralf Sammeck

Koenig & Bauer has announced a price increase with effect from 1 April 2018 for the entire product portfolio. “This price increase is being effected against the background of rising prices and is a necessary step for us to continue offering our customers innovative solutions and an excellent level of service,” says Ralf Sammeck, executive vice-president sales at Koenig & Bauer. “Our goal is to grow together with our customers, and to continue to be their reliable partner in a constantly changing market.”

The company says that its innovative technologies in its highly automated presses and unique features in terms of automation, efficient make-ready and inline processes, offer the user tangible economic benefits and secure the sustainability of business growth. In the press release, the company says, ‘The moderate price increase will enable further innovation and is thus an investment in the future.’

Koenig & Bauer is the world’s second-largest printing press manufacturer with a press portfolio ranging from banknotes, board, film, metal and glass packaging, through to book, display, coding, magazine, advertising and newspaper printing. It offers sheetfed, web and waterless offset, flexo, intaglio, screen and digital inkjet printing. In the financial year 2017, it generated sales of EUR 1.2 billion and has 5,500 employees worldwide.

2023 promises an interesting ride for print in India

Indian Printer and Publisher founded in 1979 is the oldest B2B trade publication in the multi-platform and multi-channel IPPGroup. While the print and packaging industries have been resilient in the past 33 months since the pandemic lockdown of 25 March 2020, the commercial printing and newspaper industries have yet to recover their pre-Covid trajectory.

The fragmented commercial printing industry faces substantial challenges as does the newspaper industry. While digital short-run printing and the signage industry seem to be recovering a bit faster, ultimately their growth will also be moderated by the progress of the overall economy. On the other hand book printing exports are doing well but they too face several supply-chain and logistics challenges.

The price of publication papers including newsprint has been high in the past year while availability is diminished by several mills shutting down their publication paper and newsprint machines in the past four years. Indian paper mills are also exporting many types of paper and have raised prices for Indian printers. To some extent, this has helped in the recovery of the digital printing industry with its on-demand short-run and low-wastage paradigm.

Ultimately digital print and other digital channels 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. For instance, there is no alternative to a rise in textbook consumption but this segment will only reach normality in the next financial year beginning on 1 April 2023.

Thus while the new normal is a moving target and many commercial printers look to diversification, we believe that our target audiences may shift and change. Like them, we will also have to adapt with agility to keep up with their business and technical information needs.

Our 2023 media kit is ready, and it is the right time to take stock and reconnect with your potential markets and customers. Print is the glue for the growth of liberal education, new industry, and an emerging economy. We seek your participation in what promises to be an interesting ride.

– Naresh Khanna

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