08/05/2020 | Industry, Packaging, Technology

Syntegon building on stable business performance

The process and packaging technology specialist Syntegon, formerly Bosch Packaging Technology, reported stable business performance in 2019. Sales increased to EUR 1.33 bn (2018: EUR 1.28 bn). Performance remained stable, despite a downturn in the mechanical engineering sector. Sales are divided roughly equally between the company’s two product segments Pharma and Food. Overall, sales are divided roughly equally between the regions of Europe, North and South America, and Asia, with Europe being the company’s largest market.

New orders in the Food segment grew strongly in 2019 and also remained at their usual high level in the Pharma segment. In the wake of the coronavirus crisis, the systems supplier to the pharmaceutical and food industries is seeing increased demand in its services business. After the sale of Bosch to CVC Capital Partners in 2019, the company implemented the formation of a stand-alone organization and the launch of the Syntegon brand without any issues.

Since interpack – the largest trade show in the industry that was originally scheduled for May – has been postponed until next year due to the coronavirus pandemic, Syntegon is presenting its latest process and packaging technology at a virtual trade show from until 13 May 2020. In this context, a special focus is on intelligent and sustainable technologies. Following the introduction of the Syntegon corporate brand at the beginning of the year, the company is also unveiling its new product design for the first time at the event.