Bosch Packaging Technology has posted stronger growth in fiscal 2012 than the packaging machine market as a whole, and intends to maintain its high growth rate, setting its sights on reaching €1.5bn in sales by the end of 2015.
Last year, this division of Bosch racked up sales of €914m, up €123m or 16 per cent over 2011. In the same period, the number of associates rose to 5,000 or by six per cent.
In fiscal 2013, Bosch Packaging Technology is expecting to grow its sales by a high single-digit percentage figure. Friedbert Klefenz, president of the Packaging Technology division says “We want to leverage our packaging solutions and related services to strengthen our leading position in the international market.”
The international market for packaging machinery in which the company operates grew by six per cent last year. Klefenz says, “This shows how much less dependent our business is on the general economic climate than other areas of the mechanical and industrial engineering sector.”
