Heidelberg sells its Belgian production site for printing chemicals to DC Druck Chemie GmbH

Strengthening liquidity for future investments / in Covid-19 times

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Heidelberg
Heidelberg sells its Belgian production site for printing chemicals to DC Druck Chemie GmbH

As part of its planned focus on core activities and portfolio adjustments, Heidelberger Druckmaschinen AG (Heidelberg) has sold its Belgian production site for printing chemicals to DC Druck Chemie GmbH (Druck Chemie), a subsidiary of Langley Holdings PLC, UK. Langley Holdings is an international engineering group that produces capital goods to a wide range of industries worldwide, including the printing industry. The sale includes the companies BluePrint Products NV and Hi-Tech Chemicals BV, located in Kruibeke, Belgium. The site develops and manufactures high-quality printing chemicals in flexographic and offset printing, primarily for the packaging and commercial markets, which will continue to be offered by Heidelberg as part of its overall consumables strategy. With the sale, the site and a total of around 40 employees will be transferred to Druck Chemie. Heidelberg generates a purchase price of approx. 20.5 million Euro (approximately Rs 183 crore). The sale is effective from 11 December 2020.

With the withdrawal from the production of printing chemicals, we are making good progress with our realignment and concentration on our core activities,” said Rainer Hundsdörfer, chief executive officer of Heidelberg. “We will use the funds freed up by this to safeguard our liquidity in times of the Covid-19 pandemic and to push ahead with strategic investments in the future on the path of our digital transformation.”

I am delighted to welcome BluePrint Products and Hi-Tech Chemicals to the Druck Chemie family. This acquisition is an excellent fit and will further strengthen our offering to the print industry”, said William Langley, board director, Langley Holdings PLC.

In 2024, we are looking at full recovery and growth-led investment in Indian printing

Indian Printer and Publisher founded in 1979 is the oldest B2B trade publication in the multi-platform and multi-channel IPPGroup. It created the category of privately owned B2B print magazines in the country. And by its diversification in packaging, (Packaging South Asia), food processing and packaging (IndiFoodBev) and health and medical supply chain and packaging (HealthTekPak), and its community activities in training, research, and conferences (Ipp Services, Training and Research) the organization continues to create platforms that demonstrate the need for quality information, data, technology insights and events.

India is a large and tough terrain and while its book publishing and commercial printing industry have recovered and are increasingly embracing digital print, the Indian newspaper industry continues to recover its credibility and circulation. The signage industry is also recovering and new technologies and audiences such as digital 3D additive printing, digital textiles, and industrial printing are coming onto our pages. Diversification is a fact of life for our readers and like them, we will also have to adapt with agility to keep up with their business and technical information needs.

India is one of the fastest growing economies in nominal and real terms – in a region poised for the highest change in year to year expenditure in printing equipment and consumables. Our 2024 media kit is ready, and it is the right time to take stock – to emphasize your visibility and relevance to your customers and turn potential markets into conversations.

– Naresh Khanna

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