Breaking News

Sales at Gallus decline 16.8 percent in 2010

March 15, 2011

Investment from industrialized countries, as well as the folding carton market, has been slow; but emerging nations show strength, the company reports.

Gallus Group, the Switzerland based manufacturer of narrow web label presses and folding carton machinery, reports a sales decline of 16.8 percent for 2010, from CHF 214 million ($233 million) in 2009 to CHF 178 million ($194 million) last year.

“The economic recovery that began at the end of 2009 boosted demand for label printing presses,” says Gallus CEO Klaus Bachstein. “Nevertheless, there were still regional differences: The demand came primarily from emerging nations, while in many industrialized countries there was still a very noticeable reluctance to invest. On the other hand, the consumer behavior that underpins the label printing press business was back up to pre-crisis levels in many countries.”

In 2009, Gallus launched the ECS 340, a departure from its traditional stable of high end presses. The ECS 340 is a lower-priced label press aimed at the commodity label printing market, and Bachstein says it has made a strong contribution to the company’s bottom line.

Recovery in the folding carton business, he notes, was a major contributor to the sales decline last year. “The folding carton business served by Gallus Stanz- und Druckmaschinen was still suffering greatly in 2010 from the reluctance of folding carton manufacturers to invest, and the volume of business was significantly down from 2009.” Bachstein adds, however, that orders received in the second half of the year, along with positive movement thus far in 2011, indicate a change in the trend and the hope of a much better year.

blog comments powered by Disqus
  • EskoWorld 2016 provides drupa report

    Greg Hrinya, Associate Editor||September 22, 2016
    “Digital was a very clear and striving theme across drupa, and more specifically inkjet,” said Jan de Roeck

  • Dollars and sense at Labelexpo

    Dollars and sense at Labelexpo

    Steve Katz, Editor||September 20, 2016
    Suppliers seem aware of the crowded digital press marketplace and the trepidation of the cost-concious first time buyer.

  • Ink innovation to be showcased at Labelexpo

    Catherine Diamond||September 9, 2016
    As always, ink manufacturers are a vital part of the label industry's most important event of the year.

  • Getting Educated at Labelexpo

    Getting Educated at Labelexpo

    Steve Katz, Editor||September 7, 2016
    With a wide range of presentations, expert-led master classes and machinery demonstrations, there is no shortage of learning

  • Drupa 2016 a ‘resounding success’

    Drupa 2016 a ‘resounding success’

    Steve Katz, Editor||July 15, 2016
    The label industry was well-represented as visitors showed strong interest in the latest printing technologies.

  • Label & Narrow Web Job Market Report

    Label & Narrow Web Job Market Report

    Dan Miller||July 15, 2016
    A look at the trends and challenges affecting the label industry’s talent search.