KBA Releases Positive Figures for the First Half-Year
In the half-year financial report the president and CEO, Claus Bolza-Schünemann, emphasizes that KBA is vigorously working to enhance the profitability of its core business sheetfed and web offset presses, which were severely affected by structural changes in the industry. Despite a substantial decline in market volume, KBA is focusing on restoring the profitability of web presses with all speed by upgrading and streamlining its product portfolio, concentrating all web press activities, including newspaper and commercial presses (with the exception of manufacturing) in the remit of a single member of the board and introducing more flexible working hours. The focus in the sheetfed division is on optimizing processes and lowering the manufacturing costs of new machines further, which is expected to strengthen KBA’s position in the market. The cost-cutting program is supported by group-wide initiatives in purchasing and production.
- Companies:
- KBA North America