• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Exclusives
    • Top Companies
    • Printing Inks
    • Raw Materials
    • Equipment
    • Directories
    • Events
    • Jobs
    • More
  • Magazine
  • News
  • Exclusives
  • Top Companies
  • Printing Inks
  • Raw Materials
  • Equipment
  • Directories
  • Events
  • Jobs
  • Current / Back Issues
    Features
    Columns
    Editorial
    Digital Edition
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    eBook
    Top Features
    Sustainability and the Ink Industry

    The State of the Pigment Industry in 2021

    The 2021 Regulatory Report

    Production Equipment Helps Drive Ink Industry’s Sustainability Efforts

    Ink Industry Sees Opportunities in the Circular Economy
    Breaking News
    Distributor News
    Financial News
    Industry News
    Ink Manufacturers News
    Market Research
    Mergers and Acquisitions
    New Products
    Personnel
    Price Increases
    Printers News
    Suppliers News
    Live From Shows
    Top News
    FTA Moves FORUM, INFOFLEX 2021 to Fully Virtual Events

    NUtec Launches Quartz Q50-RTR2

    Quad Reports 4Q, Full-Year 2020 Results

    Arkema Reports Full-Year 2020 Results

    RRD Reports 4Q, Full-Year 2020 Results
    Top North American Companies
    Top International Companies
    Conductive Inks and Printed Electronics
    Graphic Arts Coatings
    Inkjet Inks and Toners
    Marking and Pad Printing Inks
    News Inks
    Packaging Flexo Inks
    Packaging Gravure Inks
    Publication Gravure Inks
    Publication Offset Inks
    Screen Inks
    Sheetfed Inks
    Specialty Inks
    UV and EB Inks

    FTA Moves FORUM, INFOFLEX 2021 to Fully Virtual Events

    NUtec Launches Quartz Q50-RTR2

    Quad Reports 4Q, Full-Year 2020 Results

    RRD Reports 4Q, Full-Year 2020 Results

    CCL Industries Reports Record 2020 Results
    Additives
    Energy-Curable Materials
    Flushed Colors and Pigments
    Metallics and Special Effects Pigments
    Resins
    Vehicles and Varnishes
    Waxes

    Arkema Reports Full-Year 2020 Results

    Ingevity Increasing Pine Chemical-based Products Prices

    Ingevity Adding Caprolactone Polyol Production in DeRidder, LA

    Jean Blackwell Elected Chair of Ingevity’s Board of Directors

    Final PV29 Risk Evaluation Produces Mixed Conclusions
    Energy-Curing Equipment
    Mills and Mixers
    Testing, Color and QC

    Union Process Develops Attritor for Inks, Coatings Supplier

    Phoseon Technology Introduces Near-Infrared LED Lamps

    Ruth Metzler-Arnold Resigns from Bühler Group's Board of Directors

    Bühler Reports 2020 Annual Results

    FTA Announces Color-Focused Professional Development Training Course
    Buyers Guide
    Distributor Guide
    European Ink Directory
    U.S. Ink Directory
    International Buyers Guide Companies
    Kerley Ink

    Brilliant Group, Inc.

    Shamrock Technologies, Inc.

    Clariant

    Hockmeyer Equipment Corp.
    Industry Events
    Live from Show Event
    Webinars
    Top Events
    Labelexpo Americas/Brand Print Americas 2021

    Coatings Expo Vietnam 2021

    PRINTING United Expo 2021

    Eastern Coatings Show 2021
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Departments
      • Columns
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Directory
      • Buyers Guide
      • Distributor Guide
      • European Ink Directory
      • U.S. Ink Directory
      • Trade Associations
    • Printing Inks
      • Conductive Inks and Printed Electronics
      • Graphic Arts Coatings
      • Inkjet Inks and Toners
      • Marking and Pad Printing Inks
      • News Inks
      • Packaging Flexo Inks
      • Packaging Gravure Inks
      • Publication Gravure Inks
      • Publication Offset Inks
      • Screen Inks
      • Sheetfed Inks
      • Specialty Inks
      • UV and EB Inks
    • Raw Materials
      • Additives
      • Energy-Curable Materials
      • Flushed Colors and Pigments
      • Metallics and Special Effects Pigments
      • Resins
      • Vehicles and Varnishes
      • Waxes
    • Equipment
      • Energy-Curing Equipment
      • Mills and Mixers
      • Testing, Color and QC
    • Top Companies
      • Top North American Companies
      • Top International Companies
    • Online Exclusives
    • Slideshows
    • Expert's Opinion
    • Videos
    • eBook
    • Podcasts
    • Blog
    • Infographics
    • Whitepapers
    • Jobs
    • Supplier Microsites
      • Companies
      • Literature / Brochures
      • Whitepapers
      • Product Spec Sheets
      • Videos
      • Jobs
    • Events
      • Industry Events
      • Live From Show Events
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Breaking News

    Koenig & Bauer Streamlining Group Structure

    Reorganization of the corporate structure in the Banknote Solutions business unit as of Dec. 31, 2020.

    Koenig & Bauer Streamlining Group Structure
    Related CONTENT
    • Mittera Adds Koenig & Bauer Rapida 105 PRO
    • Rondo Ganahl Adds Koenig & Bauer Durst Delta SPC 130
    • Toyo Printing Inks Unveils GMP-compliant Offset Inks for Food Packaging
    • Sun Chemical to Increase Prices on Inks, Coatings, Adhesives in North America
    • Paragon Expands Direct Mail Capabilities with Ricoh Pro VC70000
    Ink World staff12.08.20
    The Koenig & Bauer AG supervisory board approved the draft concept of the management board for the transformation of the corporate structure in the Banknote Solutions business unit designed with Treuhand KGs into a pure corporation with profit and loss transfer agreements unanimously. : 
     
    “We have dealt intensively with this structural change and are convinced that this streamlining of the corporate structure will have a positive effect on our group," President and CEO Claus Bolza-Schünemann said. "In addition to strengthening corporate governance and simplifying the management structure, we want to reduce administrative expenses with this reorganization of the corporate structure. We remain committed to our proven broad product portfolio and will continue to further develop and consistently expand it through a large number of initiatives in accordance with market needs.”
     
    The agreed reorganization of the corporate structure has, according to IFRS, no effect on Koenig & Bauer group’s earnings, finances and assets, but the measures significantly strengthen equity in Koenig & Bauer AG’s financial statements.
     
    As part of the Fit@All restructuring program, the four business areas Sheetfed, Digital & Webfed, Banknote Solutions and Industrial were spun off as of Jan. 1, 2015m in the legal form of an AG & Co. KG with Koenig & Bauer AG as the sole general partner. A corresponding management GmbH, whose shares Koenig & Bauer AG holds 100%, acts as a limited partner. 
     
    The reorganization of the corporate structure in the Banknote Solutions business unit will take place as of Dec. 31, 2020, and includes Koenig & Bauer Banknote Solutions AG & Co. KG and Koenig & Bauer Banknote Solutions (DE) AG & Co. KG. 
     
    It takes place in each case through the transfer of the assets of the Treuhand KGs to the limited partners Koenig & Bauer Banknote Solutions GmbH and Koenig & Bauer Banknote Solutions (DE) GmbH. 
     
    This reorganization uncovers hidden reserves which, according to current estimates, are roughly in the order of magnitude of the annual loss expected in 2020 due to the coronavirus pandemic, so that no taxes will be triggered. 
     
    The balance sheet revaluation of the book values of the equity interests enables the capital strengthening of various subsidiaries and, according to current calculations, leads to a one-off income at Koenig & Bauer AG of over €100 million with a corresponding increase in equity.
     
    The conclusion of the intended profit and loss transfer agreement between Koenig & Bauer AG and Koenig & Bauer Banknote Solutions GmbH still requires the approval of the Annual General Meeting in May 2021. 
     
    A reorganization of the Treuhand KGs in the other business areas will be further analyzed in the next few years, taking the business development into account.
    Related Searches
    • Sheetfed Inks
    • Specialty Inks
    Related Knowledge Center
    • Sheetfed Inks
    • Specialty Inks
    Suggested For You
    Marshall & Bruce Adds Koenig & Bauer Rapida 106 41-Inch Seven-Color Press Marshall & Bruce Adds Koenig & Bauer Rapida 106 41-Inch Seven-Color Press
    Envases Mexico Receives High Performance Metal Decorator of the Year 2020 Award Envases Mexico Receives High Performance Metal Decorator of the Year 2020 Award
    Rondo Ganahl Adds Koenig & Bauer Durst Delta SPC 130 Rondo Ganahl Adds Koenig & Bauer Durst Delta SPC 130
    Mittera Adds Koenig & Bauer Rapida 105 PRO Mittera Adds Koenig & Bauer Rapida 105 PRO
    Toyo Printing Inks Unveils GMP-compliant Offset Inks for Food Packaging Toyo Printing Inks Unveils GMP-compliant Offset Inks for Food Packaging
    Sun Chemical to Increase Prices on Inks, Coatings, Adhesives in North America Sun Chemical to Increase Prices on Inks, Coatings, Adhesives in North America
    Paragon Expands Direct Mail Capabilities with Ricoh Pro VC70000 Paragon Expands Direct Mail Capabilities with Ricoh Pro VC70000
    RRD Expands Production to Meet Needs of Trading, Game Card Publishers RRD Expands Production to Meet Needs of Trading, Game Card Publishers
    THIMM Group Installs 1st Koenig & Bauer CorruFLEX THIMM Group Installs 1st Koenig & Bauer CorruFLEX
    Huston Patterson Adds Koenig & Bauer Rapida 164 Eight-Color Press Huston Patterson Adds Koenig & Bauer Rapida 164 Eight-Color Press
    Sonoco Again Named a Sonoco Again Named a 'Best for Vets' Company
    HANS KOLB Wellpappe Adds Koenig & Bauer Durst’s CorruJET 170 HANS KOLB Wellpappe Adds Koenig & Bauer Durst’s CorruJET 170
    Ink Industry Mourns Maurice Carruthers Ink Industry Mourns Maurice Carruthers
    Koenig & Bauer Sharpens Sustainability Focus Koenig & Bauer Sharpens Sustainability Focus
    Rand Graphics Adds Koenig & Bauer Rapida 105 Six-Color Rand Graphics Adds Koenig & Bauer Rapida 105 Six-Color

    Related Breaking News

    • Breaking News | Financial News | Inkjet Inks and Toners | News Inks | Printers News | Publication Gravure Inks | Publication Offset Inks | Sheetfed Inks
      RRD Reports 4Q, Full-Year 2020 Results

      RRD Reports 4Q, Full-Year 2020 Results

      Total debt is down more than $500 million in the quarter.
      David Savastano, Editor 02.26.21

    • Breaking News | Ink Manufacturers News | Packaging Flexo Inks | Packaging Gravure Inks | Personnel | Printers News | Sheetfed Inks
      International Paper

      International Paper's Board of Directors Elects DG Macpherson

      Macpherson, 53, currently serves as chairman and CEO of W.W. Grainger, Inc.
      Anthony Locicero, Associate editor 02.25.21

    • Breaking News | Printers News | Sheetfed Inks
      Mittera Adds Koenig & Bauer Rapida 105 PRO

      Mittera Adds Koenig & Bauer Rapida 105 PRO

      Koenig & Bauer eight-color 41-inch press is equipped with two coating towers and a Corona treatment configuration.
      Anthony Locicero, Associate editor 02.25.21


    • Breaking News | Printers News | Specialty Inks
      CDP Recognizes Crown for Supplier Engagement In Managing Climate Risk

      CDP Recognizes Crown for Supplier Engagement In Managing Climate Risk

      Puts Crown in the top 7% of 8,033 companies assessed by CDP.
      Anthony Locicero, Associate editor 02.25.21

    • Breaking News | Ink Manufacturers News | Sheetfed Inks
      Toyo Printing Inks Unveils GMP-compliant Offset Inks for Food Packaging

      Toyo Printing Inks Unveils GMP-compliant Offset Inks for Food Packaging

      Low-odor, low migration systems for paper and cardboard surface printing.
      Anthony Locicero, Associate editor 02.24.21

    • Breaking News | Personnel | Printers News | Sheetfed Inks
      Graphic Packaging Announces New Board Member

      Graphic Packaging Announces New Board Member

      Rhinehart is the current chair of Johns Manville, where she also served as president, CEO and CFO.
      Anthony Locicero, Associate editor 02.19.21


    • Breaking News | Financial News | Printers News | Specialty Inks
      Crown Holdings Reports Strong 4Q, Full Year 2020 Results

      Crown Holdings Reports Strong 4Q, Full Year 2020 Results

      Beverage can volumes were up 4% for the year, while food can volumes are up 7% for the year.
      David Savastano, Editor 02.18.21

    • Breaking News | Packaging Flexo Inks | Personnel | Printers News | Sheetfed Inks
      In Memoriam: Former Inland Packaging CEO Jack Glendenning

      In Memoriam: Former Inland Packaging CEO Jack Glendenning

      Inland mourns the loss of second-generation CEO John Harris "Jack" Glendenning.
      Anthony Locicero, Associate editor 02.17.21

    • Breaking News | Packaging Flexo Inks | Packaging Gravure Inks | Printers News | Sheetfed Inks
      WestRock Earns Top Marks in Human Rights Campaign’s 2021 Corporate Equality Index

      WestRock Earns Top Marks in Human Rights Campaign’s 2021 Corporate Equality Index

      WestRock earns 100 on the Human Rights Campaign Foundation’s annual assessment of LGBTQ workplace equality.
      Anthony Locicero, Associate editor 02.17.21


    • Breaking News | Inkjet Inks and Toners | Printers News | Publication Offset Inks | Sheetfed Inks
      RRD Creates Commercial Print Center of Excellence in Northern California

      RRD Creates Commercial Print Center of Excellence in Northern California

      The newly renovated facility will feature increased capabilities and offer opportunities for tech-driven growth.
      Anthony Locicero, Associate editor 02.17.21

    • Breaking News | Ink Manufacturers News | Specialty Inks
      SICPA: Territorial Health Monitoring System for COVID-19

      SICPA: Territorial Health Monitoring System for COVID-19

      Real-time analysis of SARS-CoV2 variants by wastewater and surface collections.
      Anthony Locicero, Associate editor 02.17.21

    • Breaking News | Ink Manufacturers News | Inkjet Inks and Toners | Printers News | Specialty Inks
      INX International, VerifyMe Sign Supply Agreement

      INX International, VerifyMe Sign Supply Agreement

      INX has and is developing inks incorporating VerifyMe’s RainbowSecure pigment to be used for inkjet printing.
      Anthony Locicero, Associate editor 02.16.21


    • Breaking News | Graphic Arts Coatings | Ink Manufacturers News | Packaging Flexo Inks | Packaging Gravure Inks | Price Increases | Sheetfed Inks
      Sun Chemical to Increase Prices on Inks, Coatings, Adhesives in North America

      Sun Chemical to Increase Prices on Inks, Coatings, Adhesives in North America

      Packaging and commercial sheetfed inks are impacted by raw material shortages, higher demand and rising transportation costs.
      David Savastano, Editor 02.15.21

    • Breaking News | Inkjet Inks and Toners | Printers News | Publication Offset Inks | Sheetfed Inks | UV and EB Inks
      Heidelberg Raises Target Margin for 2020-21

      Heidelberg Raises Target Margin for 2020-21

      Print volumes among Heidelberg customers have almost reached the levels of the previous year.
      David Savastano, Editor 02.15.21

    • Breaking News | Ink Manufacturers News | Packaging Flexo Inks | Packaging Gravure Inks | Personnel | Printers News | Sheetfed Inks
      International Paper Elects Anton Vincent to Board

      International Paper Elects Anton Vincent to Board

      Vincent currently serves as president of Mars Wrigley North America.
      David Savastano, Editor 02.12.21

    Trending
    • SICPA Leverages Security Ink Expertise For Brand Protection
    • Hubergroup Launches HYDRO-X GA Water Barrier Coating
    • Siegwerk’s Raw Materials Supply Chain Under Pressure Due To Multiple Global Cost Drivers
    • EFI Launches Super High Speed, Single-Pass Nozomi
    • International Paper Named 1 Of The 2021 World's Most Ethical Companies
    Breaking News
    • FTA Moves FORUM, INFOFLEX 2021 to Fully Virtual Events
    • NUtec Launches Quartz Q50-RTR2
    • Quad Reports 4Q, Full-Year 2020 Results
    • Arkema Reports Full-Year 2020 Results
    • RRD Reports 4Q, Full-Year 2020 Results
    View Breaking News >
    CURRENT ISSUE

    January 2021

    • Sustainability and the Ink Industry
    • The State of the Pigment Industry in 2021
    • The 2021 Regulatory Report
    • Production Equipment Helps Drive Ink Industry’s Sustainability Efforts
    • Ink Industry Sees Opportunities in the Circular Economy
    • Shutterfly Turns to HP to Boost Range of Personalized Gifts
    • Offering Excellent Ink Portfolio Crucial to Durst’s Success
    • View More >

    Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
    You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe
    Nutraceuticals World

    Latest Breaking News From Nutraceuticals World

    Preliminary Study Links Markers of Impaired Bone Health to Vegan Diet
    Refined Grains Linked to Heart Attack Risk, Early Death
    Kappa Bioscience Extends Research Partnership For COVID-19 Research
    Coatings World

    Latest Breaking News From Coatings World

    Nippon Paint Marine Wins Korea Export Award
    Universal Display Corporation, PPG Expand Global Production of UniversalPHOLED Materials
    PPG Introduces Premium Iso-free Primer Surfacer, Catalyst
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    January AI Raises $8.8 Million in New Funding
    FDA Clears Ava Fertility Tracking Wearable Device
    First Patient in Europe Treated With Diamondback 360 Coronary Orbital Atherectomy System
    Contract Pharma

    Latest Breaking News From Contract Pharma

    Spark Therapeutics Appoints CTO
    Cryoport Launches ESG Program
    U.S. Govt. Purchases 100k Doses of Lilly's COVID-19 Antibody Cocktail
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    The Top Beauty Products of 2021, According to HelloGiggles
    Estée Lauder Taps Ana de Armas as Global Brand Ambassador
    Sephora Announces Significant Expansion
    Happi

    Latest Breaking News From Happi

    What You're Reading on Happi.com
    Cosmetic Chemical Sales To Post CAGR 5.8% To 2025
    ACI Urges Senate to Approve Regan as EPA Administrator
    Ink World

    Latest Breaking News From Ink World

    Etiflex Enters New Markets with Nilpeter FA-22 Installation
    Hydrocarbon Solvents Market to Surpass $8.1 Billion by 2030
    Marshall & Bruce Adds Koenig & Bauer Rapida 106 41-Inch Seven-Color Press
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    FTA converts Forum & INFOFLEX to virtual events
    Xeikon launches two new digital label printing presses
    UFlex adds capacity in packaging films
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    Texas Medical Technology Partners with My Protect Kit
    Mexico City Single-Use Plastics Ban Leads to Tampon Shortage
    Believe Diapers Launch in U.S.
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    Fusion Robotics Receives FDA Clearance for Spinal Navigation and Robotics System
    Kaia Health Unveils Next-Gen Complete MSK Care Solutions
    First Implantation of CTL Amedica's Minimally Invasive Flex Tower
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    Comercial Kywi Improves Customer Service, Front-Store Operations with Zebra Mobile Solution
    Global Printed Circuit Board Market Projected to Reach $69.32 Billion by 2027
    Global Smart Glass Market to Register 6.8% CAGR Between 2021-28: Grand View Research

    Copyright © 2021 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

    AD BLOCKER DETECTED

    Our website is made possible by displaying online advertisements to our visitors.
    Please consider supporting us by disabling your ad blocker.


    FREE SUBSCRIPTION Already a subscriber? Login