KBA Plans Short Time at Web Press Factories

WÜRZBURG, GERMANY—12/01/08—The financial crisis is impacting severely on Germany’s export-driven engineering industry, and Koenig & Bauer AG (KBA) is no exception. As the third-quarter figures issued on 14 November revealed, tumbling demand in key export markets caused the volume of new orders for sheetfed presses to fall 15.8% below the equivalent figure for 2007, while orders for web and special presses were 9.1% down on a weak prior year. The volume of orders on hand shrank by EUR160m to EUR721.6m, and this has caused major fluctuations in plant utilisation since the beginning of October.