Industry News

Koenig & Bauer to Buy Chinese Printing Machine Maker
May 8, 2012

Koenig & Bauer AG (SKB) plans to buy a majority stake in a Chinese sheet-fed printing-machine maker by the end of the year, Financial Times Deutschland said, citing an interview with Chief Executive Officer Claus Bolza-Schuenemann.

Bolza-Schuenemann, who declined to name the Chinese company, said he sees potential to optimize the machines without making them into "high-end German" devices, the newspaper said. Koenig & Bauer, which gets about 15 percent to 20 percent of sales from China, doesn't yet have a factory in the country, FTD said. 

Place Your Bets on 
PROMOTIONS EAST
May 1, 2012

If "The Boss" tells you to meet him in Atlantic City, you better listen. While Bruce Springsteen may not be strolling the boardwalk this June, there are still plenty of reasons to visit New Jersey.