Business Management - Finance/Financial
Heidelberg has made a successful start to the new financial year 2015/2016. The figures for the first quarter (April 1 to June 30, 2015) show that the company’s strategic reorientation is having an impact in sales and other areas.
MarketsandMarkets released a report that estimates the global package printing market will reach reach $587.19 billion by 2020.
For the quarter ended June 30, 2015, EFI reported record second quarter revenue of $202.7 million, up 5 percent compared to second quarter 2014 revenue of $193.0 million.
Menasha Packaging has been recognized by the American Institute of Baking for Good Manufacturing Processes.
EFI has announced its record first quarter revenue of approximately $195 million and has named Marc Olin as the company’s CFO.
There are several themes that are dominating today's mergers and acquisition (M&A) marketplace. The most prevalent theme is the use of M&A to expand the global footprint of the buyer. Packaging companies are finding it easier to buy their way into geographic expansion rather than build their way.
“My 40˝ press just broke down, and my customer is insistent on the job. Is anyone nearby running a 40˝ press?” Fielding production back-up inquiries like this one is all in a day’s work for Andrew Willie, executive director of the Independent Carton Group (ICG). This 18-member association of independent folding carton converters strives to provide customers with competitive pricing, uninterrupted service, and cutting-edge technology and manufacturing capabilities.
Despite all the challenges, companies in the folding carton segment have been able to post some positive results. For the most part, these have occurred due to management actions taken to reduce costs and focus on core businesses—actions that are necessary during recessionary periods.
The label market is in good shape. Although the recent recession has affected every segment of package printing, the label industry is still well positioned for the medium to the long term, according to Corey Reardon, president and CEO of AWA. "Unfortunately in the short term, the impact has been negative with plenty of casualties in job losses and business performance, even company and plant closures," he says.