The acquisition of CCI increases Siegwerk's position in the global packaging ink market.
David Savastano, Ink World Editor09.12.05
Herbert Forker, Siegwerk Group’s president and CEO.
Amid the economic turmoil of the past few years, the packaging ink market has remained fairly constant. In particular, the flexible packaging market has shown tremendous growth worldwide, having nearly doubled in sales from $12 billion to $21 billion in the U.S. alone since 1990.
As the flexible packaging industry has become much larger, it has also spread out worldwide, with major packagers developing global operations. For key vendors such as ink manufacturers, the challenge has been to be able to supply and service their global customers.
In recent years, the Siegburg, Germany-based Siegwerk Group, the eighth-largest worldwide ink manufacturer with $380 million in sales in 2002 according to Ink World’s International Top Companies Report, has placed increasing emphasis on the packaging ink market. Siegwerk has built up operations in Thailand, South and Eastern Europe. However, it l
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