Bosch at Achema: "We'll grow significantly faster than the market"

Speaking at this year's Achema trade show in Frankfurt, Bosch Packaging Technology reported strong growth in 2014, with further positive signs for this year.

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.

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 specialised in processing, packaging, and cleanroom technology for the pharmaceutical industry, will be a contributing factor to this growth.

The overall target is to grow significantly faster than the market, as Klefenz said during the press conference at Achema today.