Bosch Packaging Technology continued growing faster than the packaging machinery industry in 2013, breaking the one-billion-euro sales mark for the first time. “We are exactly on track,” said Friedbert Klefenz, President of Bosch Packaging Technology.
The company increased its sales in fiscal 2013 from 914 million euros to 1.1 billion euros, a rise of 22 percent. Adjusted for consolidation effects, that equates to growth of 6.4 percent. Leaving aside exchange rate effects, internal growth at Packaging Technology reached ten percent.
By comparison, figures from the German association of mechanical engineers (VDMA) put growth in the German packing machinery industry at only four percent. In 2013, the company employed around 5,600 people at over 30 locations, 12 percent more than in the previous year. Bosch Packaging Technology, a market leader in processing and packaging solutions, will present details of its performance in 2013 at its annual press conference. Date: May 8, 2014, 10:00 a.m. at Interpack trade fair in Düsseldorf, Germany.
"We expect to maintain our growth rate in the current business year as well and reach the target we have set ourselves of 1.5 billion euros in sales by 2015," stated Klefenz. Bosch Packaging Technology is among the fastest-growing divisions of the Bosch Group. In addition to its main markets of Europe and North America, the company posted above-average growth in Asia, while the markets of Africa and the Middle East continue to gain in importance as well.
Protecting food with state-of-the-art packaging technology
One of Bosch Packaging Technology's growth drivers is its pharmaceuticals segment, which is profiting from the burgeoning global growth of this industry.
"This clearly shows that ever more people around the world are gaining access to pharmaceutical products, and that can be traced back to growth in the market for generic drugs," said Klefenz. What is more, the growing use of appropriate packaging is helping improve global food supplies. "We're proud that our technology can make a contribution toward improving people's quality of life," explained Klefenz.
Worldwide, almost a third of all food produced is lost before it reaches consumers, and missing or inadequate packaging is one of the causes. That is why Bosch Packaging Technology was among the founding members of the United Nations' SAVE FOOD initiative launched at the Interpack trade fair in Düsseldorf in 2011.
