08.01.17
Alfred-Keller-Strasse 55
53721 Siegburg, Germany
Tel: +49 2241-3040
Fax: +49 2241-304777
www.siegwerk.com
E-mail: info@siegwerk.com
Sales: 2016: €1.1 billion
Major Products: Provider of solvent-based, water-based, energy curable and oil-based inks and coatings and related point-of-use services for the packaging and label industries. Product applications include flexible packaging, labels, folding cartons, corrugated boxes, cups, tubes using flexographic, rotogravure offset and digital printing.
Key Personnel: Herbert Forker, CEO; Dr. Oliver Wittmann, CFO; Ralf Hildenbrand, president Packaging Asia; Hugo Noordhoek Hegt, president Packaging EMEA; Dave Hiserodt, president of Canada & USA; Pablo Paduani, VP and BU head, Flexible Packaging, Latin America.
Number of Employees: 5,200 in more than 30 countries.
Comments: A global leader in packaging inks, Siegwerk Druckfarben AG & Co. KGaA had another strong year in 2016, with sales of $1.1 billion.
In a move to strengthen the business, as the print media market continued to decline, Siegwerk completed the sale of its Web Offset business to Flint Group. The divesture has allowed Siegwerk to further focus on the growing packaging ink segment.
Meanwhile, the purchase and subsequent integration of ACTEGA Colorchemie, and its employees within Siegwerk in May of last year, has given the company a competitive advantage in water-based inks for corrugated board applications.
“While packaging continues to grow significantly, on a global basis, Siegwerk’s strategy remains focused on packaging printing and the expansion of the company’s market leadership in labels and flexible packaging applications,” said Siegwerk CEO Herbert Forker.
Siegwerk has been active in the M&A front during 2017 as well. In February, Siegwerk acquired UK-based Hi-Tech Products Ltd., a water-based flexo inks and coatings manufacturer specializing in the corrugated segment.
In the same month, Siegwerk acquired the business unit Plastic Tubes and Laminates from SCHEKOLIN AG, a packaging lacquer specialist located in Liechtenstein, adding specialty UV varnishes for plastic packaging, including rigid tubes.
“Like the acquisition of ACTEGA Colorchemie, 2016 prepared Siegwerk to make additional acquisitions in Europe in the first half of 2017,” Forker noted. “This year, Siegwerk acquired two new businesses - a water-based ink supplier and a plastic packaging business.
“UK-based Hi-Tech Products Ltd. was purchased to expand Siegwerk’s already strong water-based ink business,” he added. “The second acquisition in 2017 was the Plastic Tubes and Laminates business purchased from SCHEKOLIN AG, in Liechtenstein. This addition has broadened Siegwerk’s portfolio by adding specialty UV varnishes suitable for plastic packaging, including rigid tubes. This further expansion of the product line enhances Siegwerk’s position as a full-range provider for packaging applications.”
In 2016, as part of Siegwerk’s strategy to further invest in creating Centers of Excellence in manufacturing on a regional level, Siegwerk opened its most modern office and lab building, the new INKube in Shanghai. Further progress was made in establishing a new Center of Excellence in China for solvent-based inks for Flexible Packaging and Tobacco.
Also in Asia, the important South East Asia region has been strengthened by splitting it into two sub-regions: South East Asia (SEA)-North covering Malaysia, Singapore, Thailand, and Vietnam and SEA-South covering Indonesia and Philippines. In India, Siegwerk built a new leadership team under the incoming CEO for India, Ashish Pradhan. In China, Thomas Auris joined Siegwerk as the president of the Greater China operation.
Forker noted that Siegwerk’s digital transformation is fully in focus.
“As a key component of Siegwerk’s forward-thinking Vision 2020 strategy, the digital transformation of the company has been put in motion with the establishment of a new Digital Business Unit, based in Berlin, Germany,” Forker said. “The team has taken the lead on driving digitalization as a means to grow the business and enhance customer service and satisfaction.”
Being an international leader in the demanding packaging field, Siegwerk’s customers count on the company to provide expertise in the myriad regulations.
“Globally, Siegwerk sees a trend triggered by customer protection which concerns the harmonization of the basic principles of legislative approaches to control migration,” said Forker. “These include: positive lists, risk assessments, 10 ppb (parts per billion) as the default detection limit and functional barriers. In general, Siegwerk actively supports these proceedings at the association level, and through direct contacts with the appropriate regulatory authorities.
“Around the world, brand owners have set global safety standards and policies for their products in an attempt to minimalize regional differences and internal complexity,” he added. “Siegwerk has seen a trend in which more and more brand owners are adhering to these global standards. At Siegwerk, there remains strong commitment to apply the exclusion policy developed and defined by EuPIA (European Printing Ink Association) and adhere to the principles of GMP (Good Manufacturing Practice) on a global scale. Siegwerk has harmonized its approaches, apart from Product Safety and Regulatory (PSR), which include: occupational safety, plant safety and fire protection. These are all components of Siegwerk’s overall sustainability platform.”
Siegwerk puts tremendous emphasis on community activities, notably the SOS Children’s Village. Forker reported that worldwide, Siegwerk is committed to sustainable development and the advancement of young people as part of the company’s Guiding Principles.
“In the area of corporate social responsibility (CSR). Siegwerk focuses on supporting disadvantaged children and young adults,” he observed. “The support ranges from lessons and training, supporting refugees and providing food, through to dedicated support for several international communities through the SOS Children’s Village organization.”
Every year since 2010, a larger project has been organized by Siegwerk’s corporate headquarters in Siegburg, Germany. Through 2017, seven Lighthouse Projects have been initiated in Mexico, India, the Philippines, Brazil, Vietnam, Chile, and this year, in Guatemala.
“Throughout our global network, the villages are supported locally by the various Siegwerk country organizations, where we serve as local partners,” Forker explained.
“These bigger projects are complemented by employees’ local activities in the communities of Siegwerk’s worldwide sites. In total Siegwerk, has donated several hundred thousand dollars to SOS Children’s Villages worldwide. For its social involvement Siegwerk received the prestigious SOS Children’s Village Cup three times in a row. In 2016, Siegwerk was awarded with the highest honor of gold.”
Forker said that Siegwerk expects packaging printing to gain more momentum in 2017.
“Growth is expected to continue at its current pace in the regions of EMEA, North America and Asia,” he noted. “Latin America is expected to get back on track during the latter part of the year. Flexible packaging and narrow web will see the most growth in the market with an increase in industry standards, especially with regards to consumer and employee safety (low-migration and toluene-free solutions gaining share worldwide).
“Digital printing and UV/EB offset printing will also gain market share as it enables manufacturers to react even faster to specific customer requirements,” Forker added. “It also addresses the growing short run demand driven by brand owners wanting regionalization and personalization of their packaging. By continuing to produce high quality products and by providing exceptional guidance and support, in terms of ink room management, color matching, and product safety, Siegwerk anticipates continued growth throughout 2017 and beyond.”
53721 Siegburg, Germany
Tel: +49 2241-3040
Fax: +49 2241-304777
www.siegwerk.com
E-mail: info@siegwerk.com
Sales: 2016: €1.1 billion
Major Products: Provider of solvent-based, water-based, energy curable and oil-based inks and coatings and related point-of-use services for the packaging and label industries. Product applications include flexible packaging, labels, folding cartons, corrugated boxes, cups, tubes using flexographic, rotogravure offset and digital printing.
Key Personnel: Herbert Forker, CEO; Dr. Oliver Wittmann, CFO; Ralf Hildenbrand, president Packaging Asia; Hugo Noordhoek Hegt, president Packaging EMEA; Dave Hiserodt, president of Canada & USA; Pablo Paduani, VP and BU head, Flexible Packaging, Latin America.
Number of Employees: 5,200 in more than 30 countries.
Comments: A global leader in packaging inks, Siegwerk Druckfarben AG & Co. KGaA had another strong year in 2016, with sales of $1.1 billion.
In a move to strengthen the business, as the print media market continued to decline, Siegwerk completed the sale of its Web Offset business to Flint Group. The divesture has allowed Siegwerk to further focus on the growing packaging ink segment.
Meanwhile, the purchase and subsequent integration of ACTEGA Colorchemie, and its employees within Siegwerk in May of last year, has given the company a competitive advantage in water-based inks for corrugated board applications.
“While packaging continues to grow significantly, on a global basis, Siegwerk’s strategy remains focused on packaging printing and the expansion of the company’s market leadership in labels and flexible packaging applications,” said Siegwerk CEO Herbert Forker.
Siegwerk has been active in the M&A front during 2017 as well. In February, Siegwerk acquired UK-based Hi-Tech Products Ltd., a water-based flexo inks and coatings manufacturer specializing in the corrugated segment.
In the same month, Siegwerk acquired the business unit Plastic Tubes and Laminates from SCHEKOLIN AG, a packaging lacquer specialist located in Liechtenstein, adding specialty UV varnishes for plastic packaging, including rigid tubes.
“Like the acquisition of ACTEGA Colorchemie, 2016 prepared Siegwerk to make additional acquisitions in Europe in the first half of 2017,” Forker noted. “This year, Siegwerk acquired two new businesses - a water-based ink supplier and a plastic packaging business.
“UK-based Hi-Tech Products Ltd. was purchased to expand Siegwerk’s already strong water-based ink business,” he added. “The second acquisition in 2017 was the Plastic Tubes and Laminates business purchased from SCHEKOLIN AG, in Liechtenstein. This addition has broadened Siegwerk’s portfolio by adding specialty UV varnishes suitable for plastic packaging, including rigid tubes. This further expansion of the product line enhances Siegwerk’s position as a full-range provider for packaging applications.”
In 2016, as part of Siegwerk’s strategy to further invest in creating Centers of Excellence in manufacturing on a regional level, Siegwerk opened its most modern office and lab building, the new INKube in Shanghai. Further progress was made in establishing a new Center of Excellence in China for solvent-based inks for Flexible Packaging and Tobacco.
Also in Asia, the important South East Asia region has been strengthened by splitting it into two sub-regions: South East Asia (SEA)-North covering Malaysia, Singapore, Thailand, and Vietnam and SEA-South covering Indonesia and Philippines. In India, Siegwerk built a new leadership team under the incoming CEO for India, Ashish Pradhan. In China, Thomas Auris joined Siegwerk as the president of the Greater China operation.
Forker noted that Siegwerk’s digital transformation is fully in focus.
“As a key component of Siegwerk’s forward-thinking Vision 2020 strategy, the digital transformation of the company has been put in motion with the establishment of a new Digital Business Unit, based in Berlin, Germany,” Forker said. “The team has taken the lead on driving digitalization as a means to grow the business and enhance customer service and satisfaction.”
Being an international leader in the demanding packaging field, Siegwerk’s customers count on the company to provide expertise in the myriad regulations.
“Globally, Siegwerk sees a trend triggered by customer protection which concerns the harmonization of the basic principles of legislative approaches to control migration,” said Forker. “These include: positive lists, risk assessments, 10 ppb (parts per billion) as the default detection limit and functional barriers. In general, Siegwerk actively supports these proceedings at the association level, and through direct contacts with the appropriate regulatory authorities.
“Around the world, brand owners have set global safety standards and policies for their products in an attempt to minimalize regional differences and internal complexity,” he added. “Siegwerk has seen a trend in which more and more brand owners are adhering to these global standards. At Siegwerk, there remains strong commitment to apply the exclusion policy developed and defined by EuPIA (European Printing Ink Association) and adhere to the principles of GMP (Good Manufacturing Practice) on a global scale. Siegwerk has harmonized its approaches, apart from Product Safety and Regulatory (PSR), which include: occupational safety, plant safety and fire protection. These are all components of Siegwerk’s overall sustainability platform.”
Siegwerk puts tremendous emphasis on community activities, notably the SOS Children’s Village. Forker reported that worldwide, Siegwerk is committed to sustainable development and the advancement of young people as part of the company’s Guiding Principles.
“In the area of corporate social responsibility (CSR). Siegwerk focuses on supporting disadvantaged children and young adults,” he observed. “The support ranges from lessons and training, supporting refugees and providing food, through to dedicated support for several international communities through the SOS Children’s Village organization.”
Every year since 2010, a larger project has been organized by Siegwerk’s corporate headquarters in Siegburg, Germany. Through 2017, seven Lighthouse Projects have been initiated in Mexico, India, the Philippines, Brazil, Vietnam, Chile, and this year, in Guatemala.
“Throughout our global network, the villages are supported locally by the various Siegwerk country organizations, where we serve as local partners,” Forker explained.
“These bigger projects are complemented by employees’ local activities in the communities of Siegwerk’s worldwide sites. In total Siegwerk, has donated several hundred thousand dollars to SOS Children’s Villages worldwide. For its social involvement Siegwerk received the prestigious SOS Children’s Village Cup three times in a row. In 2016, Siegwerk was awarded with the highest honor of gold.”
Forker said that Siegwerk expects packaging printing to gain more momentum in 2017.
“Growth is expected to continue at its current pace in the regions of EMEA, North America and Asia,” he noted. “Latin America is expected to get back on track during the latter part of the year. Flexible packaging and narrow web will see the most growth in the market with an increase in industry standards, especially with regards to consumer and employee safety (low-migration and toluene-free solutions gaining share worldwide).
“Digital printing and UV/EB offset printing will also gain market share as it enables manufacturers to react even faster to specific customer requirements,” Forker added. “It also addresses the growing short run demand driven by brand owners wanting regionalization and personalization of their packaging. By continuing to produce high quality products and by providing exceptional guidance and support, in terms of ink room management, color matching, and product safety, Siegwerk anticipates continued growth throughout 2017 and beyond.”