Heidelberg's Strategic Growth Initiatives Aim to Drive Sales by €300m in Three Years
Key Ideas
- Heidelberg, the world's leading offset press manufacturer, celebrates 175 years in business and plans to boost sales by €300m through strategic initiatives.
- The company will focus on expanding its presses business, including digital printing, and venture into new areas such as green technologies, automotive industry, software, and hydrogen technologies.
- Heidelberg will continue to emphasize the packaging market, which has seen significant growth, and drive into industrial digital printing with a projected market size growth of 50% in the next four years.
- The company aims to leverage its international sales network spanning 170 countries and expand industrial business in various technology sectors, including hydrogen, to drive growth and efficiency.
Heidelberg, the leading offset press manufacturer, is marking its 175th anniversary by announcing strategic growth initiatives aimed at boosting sales by €300m within three years. While sales for the current financial year are expected to remain at €2.4bn, the company aims to drive growth in its presses business, including digital printing. CEO Jurgen Otto highlighted the company's plans to expand into new areas like green technologies, automotive industry, and hydrogen technologies. Heidelberg will also continue its focus on the packaging market, which has shown significant growth. Additionally, the company is set to enter the industrial digital printing sector, foreseeing a market size growth of 50% in the coming four years. Leveraging its extensive international sales network across 170 countries, Heidelberg will expand its industrial business in various technology sectors, including hydrogen. The company's commitment to innovation and efficiency is evident as it offers its expertise and capacities to aid other companies in industrializing or manufacturing their products. With a rich history dating back to 1850, Heidelberg remains optimistic about its growth potential and aims to solidify its position in the global market.
Topics
Oceania
Business Growth
International Expansion
Technology Sector
Printing Industry
Packaging Market
Digital Printing
Industrial Business
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