Koenig & Bauer and Durst Phototechnik Agree to a 50/50 Joint Venture in Digital Printing
Strategic
course-setting for digital printing solutions
The modular concept
of the VariJET combines the opportunities of digital inkjet with the
acknowledged printing and inline finishing capabilities of the offset process
for folding carton printing
To
further advance the development of future-oriented digital printing solutions
with added value for customers in the folding carton and corrugated printing
markets, Koenig & Bauer AG and Durst Phototechnik AG from Brixen/Italy have
agreed to pool their know-how and strengths in a 50/50 joint venture. A corresponding
letter of intent has been signed by both companies. The planned joint venture
is to be based in Germany and – subject to merger control approval – will
assume responsibility for the development, integration, manufacturing and
worldwide distribution of water-based, single-pass digital printing presses for
folding carton and corrugated board. Ink and service business relating to the
presses sold jointly through the global networks of the two parent companies is
also to be handled by the joint venture. As a first milestone for the joint
venture, manufacturing of the VariJET press for digital folding carton printing
is to be commenced in time for drupa 2020.
Claus
Bolza-Schünemann, CEO of Koenig & Bauer AG: “We are looking forward to
joint innovations and further developments in future-oriented digital printing
technology for folding carton and corrugated board, and not least to the added
value this will offer to our customers. With its wealth of existing know-how,
extensive inkjet experience and high-quality solutions, Durst Phototechnik AG
is the ideal partner with whom to pursue the defined objectives. As digital
printing pioneers, the company has been developing inkjet applications for 25
years and is very successful in digital printing on ceramics, textiles and
corrugated board.”
Christoph
Gamper, CEO of Durst Phototechnik AG: “Durst is a technology leader in the
field of inkjet printing and has already contributed to the digital
transformation of production processes in various branches. In the printing industry
and in surface decoration, in particular, Durst printing systems are deemed to
set the standards with regard to print quality and productivity. The
partnership with Koenig & Bauer now opens up new prospects, as Koenig &
Bauer commands not only engineering expertise, but also very good access to the
market. By combining our know-how, we are in an ideal position to develop and
offer fully automatic production lines and will thus also be able to contribute
to digital transformation in the folding carton and corrugated industry.”