A jump in Heidelberg profits for the fiscal second quarter has been largely attributed to a surge in Chinese sales.
Heidelberg’s Asian sales rose 13 per cent in the past six months, and the region is responsible for a quarter of Heidelberg’s sales.
The press manufacturer predicts faster growth from the Indian and Chinese markets and intends to begin production in China next year to capitalise on this growth.
The new Chinese factory will begin to deliver cutting and binding machines at the beginning of 2006, with production of printing machines beginning in 2007.
The company says it’s sticking with its forecast of increasing full year net income beyond the €61m reported last year, with a “moderate’’ gain in sales from €3.36bn on a comparable basis.
Heidelberg already has an established sales network in China, with a distribution unit there employing 500 people, and a further 100 in India.