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.

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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