Bosch Packaging Technology increases its sales, with a focus on Asia-Pacific region
Bosch Packaging Technology increased its sales from EUR 1.18b in 2014 to 1.3b in 2015, representing nominal sales growth of 10.2% (3.1% when adjusted for currency effects).
According to industry association VDMA, the German manufacturers were able to achieve nominal sales growth of just 2.8 percent on average. Order intake at the Bosch division also rose over the same period, increasing by 14.5 percent in nominal terms from EUR 1.23b to 1.4b. Adjusted for currency effects, this corresponds to an increase of 7.2 percent. As of the end of the year, Bosch Packaging Technology employed some 6,200 associates at more than 30 locations worldwide. “We are satisfied with our double-digit rise in sales, particularly given the modest growth of the sector as a whole. In 2015, we were again able to increase our market share,” summarizes Friedbert Klefenz, president of Bosch Packaging Technology. He anticipates moderate growth for fiscal 2016.
Strongest growth in the Asia-Pacific region
– Sales in Europe declined slightly in 2015, ultimately accounting for 37% of total sales.
– In North America, sales grew by almost 18% – remarkable given the generally stagnant situation in the machine manufacturing market. Overall, North America now accounts for 27% of total sales.
– Latin America saw sales growth of almost 25%.
– At the continental level, Bosch achieved its greatest growth – somewhat above 27% – in Asia-Pacific and Africa. In total, Bosch Packaging Technology generated some 90 percent of its sales outside Germany in 2015.
Acquisition of three companies in the food sector
In addition to founding a joint venture with the Indian company Klenzaids in 2015 (focus on pharmaceuticals), last year the company acquired three further enterprises in food: Osgood Industries Inc. in Oldsmar, Florida at the end of May 2015 and, in December, the two sister companies Kliklok-Woodman Corporation, headquartered in Decatur, Georgia (U.S.), and Kliklok International Ltd. based in Bristol, England.
Bosch Packaging Technology is thereby continuing to expand its position in the pharma, food, and confectionery sectors and, above all, strengthens its expertise as a complete solution provider.