Koenig & Bauer Announces New, Leaner Business Structure Germany based Koenig & Bauer announced a new and leaner segment structure that will remain focused on the high-growth packaging market: Paper & Packaging Sheet- fed Systems (P&P) and Special & New Technologies (S&T). The company said it is continuing on the path it adopted in 2014 to transition from a unitary to a divisional group and is positioning itself in 2025 with a new segment structure that is aligned even more closely to current and future cus- tomer needs and the relevant business model. All the previous activities of the Sheetfed segment will be consolidated within the new Paper & Packaging Sheet- fed Systems segment in the future. The corrugated card- board activities for the Chroma series bundled under the Celmacch joint venture will be allocated to this segment due to the close technological and customer overlap be- tween folding box and corrugated cardboard producers. The activities of the Koenig & Bauer Durst joint venture will continue to be based here. This segment will be specializing in end-to-end solu- tions for the high-growth folding box and corrugated card- board box markets, addressing all aspects such as the preprint stage, printing with an integrated digital workflow and post print processing. “The Group’s top priority is to align itself with its cus-
tomers and markets and to streamline decision-making paths within its business units,” said Andreas Pleßke, Chief Executive Officer of Koenig & Bauer. Deputy Chief Executive Officer and Chief Financial Offi- cer Stephen Kimmich added: “The bundling of folding car- ton and corrugated board activities in one segment is our response to customer needs due to the strong technologi- cal and cross-customer overlap of these groups.” The Special & New Technologies segment will consol- idate the previous activities of the Special segment for in- dustrial marking and coding and special systems for metal and glass/hollow container direct printing, as well as the remaining activities of the former Digital & Webfed seg- ment which includes web digital and flexo web printing. The restructuring of the Koenig & Bauer AG Group will result in changes to central responsibilities for operations as well as cross-sectional functions. As the previous role of a central Group COO will no longer be required, the com- pany and Michael Ulverich have mutually agreed that he will leave Koenig & Bauer and step down from the Execu- tive Board. Christian Steinmaßl, who brings with him over 25 years of experience in the paper and packaging indus- try, has joined the Group management and will report to the Executive Board. He will take on a key role in the new Special & New Technologies segment and be responsible for production, the Vision & Protection and Kyana (former- ly Digital Unit) business units and operational shared ser- vices within the Group.
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December 9, 2024
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