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Bosch Packaging Technology continues growth path

Press conference

Bosch Packaging Technology remained on a growth path in 2014. The Bosch division’s sales revenue for the fiscal year increased by 70 million euros to around 1.18 billion euros, which corresponds to a nominal growth rate of 6.3 percent. This once again places the manufacturer of special-purpose machinery above the industry average of 4 percent, according to Germany’s VDMA industry association. Adjusted for currency effects the sales increased by 6.7 percent. The division’s order intake reached the record level of 1.23 billion euros, which is around 11 percent higher than in 2013. At the end of 2014, Bosch Packaging Technology employed a total of 6,100 associates at more than 30 locations around the world, which represents a year-on-year increase of around 7.7 percent. Friedbert Klefenz, president of Bosch Packaging Technology, expects to see further substantial growth in sales revenue in 2015.

 

“The results achieved in the first four months of the current fiscal year give us every reason to be optimistic. Our proximity to customers and markets has enabled us to obtain a higher volume of orders compared with the previous year. This serves as the basis to reach our defined sales targets,” Klefenz said. The recent acquisition of Osgood Industries, a supplier of food packaging systems in the United States, and the establishment of a joint venture with Klenzaids, an Indian company specializing in processing, packaging, and cleanroom technology for the pharmaceutical industry, will be a contributory factor. The overall target is to grow significantly faster than the market, as Klefenz declared during the annual press conference at the Achema 2015 trade show in Frankfurt in June.

 

Please read more news here.

 

Contact
Dirk Haushalter
Corporate Communications
phone: +49 711 811 58503
email: dirk.haushalter@bosch.com

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