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4-Traders Homepage  >  Equities  >  Swiss Exchange  >  Bobst Group SA    BOBNN   CH0012684657

BOBST GROUP SA (BOBNN)
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Bobst : to open new production site and competence center in China

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05/04/2018 | 12:40pm CEST

Bobst, a Swiss company that provides machinery and services to the packaging industry, will open a new production site and Competence Center in Changzhou, China.

The new site, a greenfield facility in Changzhou in the Jiangsu province of China, will be dedicated to web-fed printing and converting technologies for flexible materials.

The opening of the new plant will mark a major step in the companys next phase of the development of activities for the Asian flexible packaging industry.

The new plant will feature the groups highest Bobst manufacturing standards in its delocalized production plants and for the development of gravure printing and lamination solutions for the regions specific requirements and industry practices.

Bobst web-fed business unit business director in Southeast Asia Sebastien Geffrault said: The success in the region of the RS 5002 gravure press and the CL 750 laminators owes to the fact that they combine the unrivalled quality of the Bobst engineering and the reliable and efficient manufacturing experience and capabilities of Bobst local plants.

The other factor, which is a distinctive feature of Bobst technology worldwide, is the flexibility of the equipment in terms of options such as the inking system and the drying that can be customized for geographically located consumable types and process preferences.

The company will also open a Competence Center that will be part of the Bobst Changzhou facility.

The center will provide support and advice to Asian clients throughout gravure printing and lamination trial runs.

Joint development of process improvements with other suppliers of equipment, devices and consumables, as well as R&D and testing of Bobst own equipment will also be taken up at the center.

The inauguration event, China 4.0 Beyond your packaging future, will be followed by Open House events on May 17 and 18.

Business director of Bobst Business Unit Web-fed for India Nilesh Pinto said: This is an important event for the whole of Asia because the new structure in place will further enhance the advantages of our technology and innovations.

This is why we are inviting customers from India and South East Asia to attend the inaugural Open House on 18 May 2018.

(c) The Observer 2018 Observer Media Ltd. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ( CHF)
Sales 2018 1 600 M
EBIT 2018 128 M
Net income 2018 -
Finance 2018 144 M
Yield 2018 2,41%
P/E ratio 2018 -
P/E ratio 2019
EV / Sales 2018 0,97x
EV / Sales 2019 0,91x
Capitalization 1 698 M
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Mean consensus HOLD
Number of Analysts 1
Average target price 108  CHF
Spread / Average Target 4,0%
Managers
NameTitle
Jean-Pascal Bobst Chief Executive Officer
Alain Guttmann Chairman
Attilio Tissi Chief Financial Officer
Thierry de Kalbermatten Non-Executive Vice Chairman
Jürgen Brandt Non-Executive Director
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