Heidelberg takes next significant step towards financial stabilization and transformation

Heidelberger Druckmaschinen AG (Heidelberg) is setting the next milestone in its ongoing financial stabilization and transformation process. The company announced today that it will pay back the remaining amount of 150 million on the existing high-yield bond (HYB), which has a term to maturity until 2022 and a coupon of 8 % p.a., plus accrued interest before maturity, i.e. on Sep 9, 2020. The payback will be funded from cash reserves and will unburden the financial result by approx. 12 million per year.

Davis Direct Invests in New Heidelberg Speedmaster CD 102 to Help Expand Companys Capacity

After evaluating the companys two older presses, Davis Direct decided that investing in a new press would provide strong benefits like fast turnaround times, room for future growth, and a competitive advantage to keep up with its clients high demands – ultimately leading to the installation of the Speedmaster CD 102 5-color with UV capabilities.

Colorpress invests in Speedmaster CX 102 from Heidelberg with Subscription Smart contract

Despite the COVID-19 pandemic, Colorpress – an online print shop based in Nürtingen, near Stuttgart – is investing in a Speedmaster CX-102-5 in conjunction with a Subscription Smart contract from Heidelberger Druckmaschinen AG (Heidelberg). The contract covers all service operations, Prinect Workflow components, and consumables, including Vendor Managed Inventory services from Heidelberg.

WISPRINT WS-D625 book printing system installation for Hubei Xinhua Printing Co. Ltd

Following delays in the schedule due to the current worldwide health crisis, the installation of the new WISPRINT WS-D625 book printing system finally recommenced in early June at Hubei Xinhua Printing. Goss China Graphic Systems China (GGSC) is proud to have been chosen as a supplier of the equipment for this modern book printing facility.

Koenig & Bauer publishes its H1 report 2020

In addition to the general investment restraint on the part of many customers in the corona crisis, travel bans, lockdowns and other restrictions significantly affected the business figures of the Koenig & Bauer group in the first half of 2020. The restrictions caused by the Covid-19 pandemic particularly impeded deliveries of the presses to the international customers as well as the worldwide deployment of the assembly staff and service technicians.

Koenig & Bauer offers Live Remote Video Support App

Visual PressSupport is an App based live video streaming service that Koenig & Bauer now offers for sheetfed presses and other business units. In addition to audio transmission, it enables live videos to be transmitted directly from a mobile device to the hotline technician during remote maintenance. The success rate of classic remote maintenance methods currently used is 80 percent. It is expected to grow further with Visual PressSupport.