85551 Kirchheim Heimstetten, Germany
Sales: $995 million (€749 million).
Major Products: Sheetfed, coldset and heatset offset inks; solvent-based gravure inks for packaging; water- and solvent-based flexo inks for packaging; UV offset and flexo inks; security inks; screen inks; fountain solutions, varnishes and transfer inks.
Key Personnel: Thomas Hensel, CEO; Ursula Borgmann, chief technical officer; Andreas Leidert, CFO.
Number of Employees: Approximately 3,500 worldwide.
Comments: hubergroup had an excellent year in 2010, posting 15% gains in sales to $995 million, which is impressive considering the company’s insistence on providing high quality products.
“Low budget and low quality ink manufacturers have temporarily gained market share,” said Thomas Hensel, CEO for hubergroup. “We are sticking to our high quality products that offer processing benefits, safe operations and reliable service.”
Raw material availability and price volatility are having a serious impact on the entire ink industry, and hubergroup is no exception.
“Steep increases in practically all raw materials, combined with shortages in some, have severely affected margins,” said Mr. Hensel. “Selling price increases so far have only partly compensated the margin erosion. Further price increases are necessary.”
In a major personnel move, Heiner Ringer, hubergroup’s longtime CEO, retired in December 2010. Mr. Hensel succeeded Mr. Ringer.
hubergroup continues to develop new products for its INKredible ink series. The latest offering is INKredible Quickfast. The company is also expanding its MGA product portfolio, packaging inks with traceability of raw materials and free of contamination due to the GMP manufacturing process.