ALTANA completes acquisition of Schmid Rhyner AG

Custom-fit solutions for packaging and printing sectors

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ALTANA
The Schmid Rhyner company headquarters in Adliswil

The specialty chemicals group ALTANA has completed the acquisition of the overprint varnish specialist Schmid Rhyner AG, which was previously part of the Swiss Conzzeta Group. The acquisition was announced on December 20, 2019. Schmid  Rhyner AG will be integrated into ALTANA’s ACTEGA division, which will thus be strategically expanded. Schmid Rhyner was founded in 1880.

Headquartered in Adliswil, Switzerland, and with a subsidiary in New Jersey (USA), the company has almost 80 employees and sells its products in over 100 countries worldwide. Schmid Rhyner AG specializes in solutions for print finishing and digital printing. In addition to protecting packaging, the products also achieve a variety of optical effects. “We are pleased to welcome our new colleagues. Together, we want to offer our customers an even broader and more custom-fit solution and product portfolio in the packaging and printing sector in the future”, says ACTEGA president Thorsten Kröller.

 

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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