‘Satisfactory revenue development’ in Siegwerk’s first year

In the first year of completely consolidated results from the ‘Sicpa Packaging’ acquisition, Siegwerk achieved a revenue of 870 million euros, according to a statement.

CEO Herbert Forker says the figure was ‘slightly more than planned, so we’re satisfied with revenue development’.

Siegwerk has grown into one of the biggest producers of printing inks worldwide – and is represented by 34 national subsidiaries on all five continents.

Since the acquisition of Sicpa’s packaging business, Siegwerk is organised in seven different business units. Flexible Packaging generated the most revenue in 2006, followed by Publication Gravure and Sheetfed/UV. Web Offset has been registering strong growth for years. Siegwerk also enjoys a stable market position with its inks for label printing, tobacco packaging and paper & board. Recently, a separate business area for liquid food packaging was founded, in order to serve this market in a targeted fashion.

In a Europe-wide project, the production network was reorganised. As Centers of Excellence, three big sites in Germany, France and Switzerland serve customers directly. In other countries, internal blending centers receive concentrated inks that are further processed and delivered according to customers’ wishes. ‘In this, we are following an important demand of our customers,’ said Forker. ‘We are securing consistent product quality in Europe and other regions.’

With the acquisitions of Color Converting (2003) and Sicpa Packaging (2005), Siegwerk has made the leap from a Central European producer to a ‘real global player’, according to the statement, with revenue almost tripled in six years.