David Savastano, Ink World Editor08.07.08
In the past 10 years, there has been much consolidation within the printing ink industry. Siegwerk has
been heavily involved in these moves and the company’s emphasis on higher-value markets such as packaging has paid off handsomely. With sales of €850 million ($1.17 billion) in 2007, Siegwerk is now the third-largest ink manufacturer in the world and a leader in packaging and publication.
Herbert Forker, Siegwerk’s CEO, spoke of the company’s growth, while also stressing its focus on tradition, proximity and reliability as its three values.
“The drive for us to go global came from the packaging business,” Mr. Forker said. “Many of our customers based in Europe also moved into Asia, such as Nordenia and Pechinney – and that led us to open operations in Thailand.”
Expansion to the U.S. came in 2003, with the acquisition of Color Converting
Continue reading this story and get 24/7 access to Covering the Printing Inks, Coatings and Allied Industries - Ink World for FREE
Ink World magazine has tracked the growth of the ink industry and its allied industries through years of changes, technology, evolution, consolidation and market development. No other magazine has been around for as long or covered as much of the global printing ink business. This website is dedicated to providing in-depth industry coverage and late-breaking news.
Already a subscriber? Login