Koenig & Bauer ( Cont’d from Page 12)
Classified Advertising
or magazines in the evening. The best thing about this is that most of these print products cannot be re- placed by online media or computer screens, and the demand is continuing to rise. This makes us opti- mistic for our future.”The KBA name was introduced in 1990 after the takeover of Albert-Frankenthal AG. The time was right, according to company CEO Claus Bolza-Schünemann, to revert back to the original brand of Koenig & Bauer. PACK EXPO Assists Veterans Seeking Employment In an effort to connect veterans with employers in need of a skilled workforce, PACK EXPO Las Vegas welcomed the Department of Labor’s Veterans’ Em- ployment and Training Service (VETS) to its PMMI Ed- ucation andWorkforce Development Pavilion. VETS took an active role during the NextGEN Net- working Fair, which offered a one-of-a-kind match- making opportunity for PACK EXPO Las Vegas and Healthcare Packaging EXPO 2017 exhibitors and at- tendees to connect with the emerging workforce. With so many talented and skilled veterans out of work, this event was an opportunity for employers to connect with these qualified veterans and guide them into careers in the packaging field. With a network of regional offices throughout the country,VETS assists veterans, reservists and National Guard members in securing employment. U.S. Packaging Market Value Approaching $10 Billion The 2017 State of the Packaging Industry report by PMMI, The Association for Packaging and Processing Technologies, has been released.The Report shows a 4.8 percent increase in the U.S. packaging machinery market from 2015 to 2016, coming in with a total market value of $9.8 billion. The report analyzes 28 packaging machinery cate- gories and describes trends and the outlook for pack- aging machinery shipments through 2022. The value of U.S. domestic shipments of packaging machinery is estimated to have been worth $7.73 billion in 2016 and is forecast to grow at a compound annual growth rate of 2.2 percent, reaching $8.8 billion in 2022. Per the report, the pharmaceuticals sector is pre- dicted to grow at a CAGR of 3.6 percent, the fastest of all sectors, from 2016 to 2022.This is followed by food (includes nutraceuticals), which is forecast to grow at a CAGR of 2.3 percent from 2016 to 2022.
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