PrintWeek Awards 2023: Printmann Group wins Packaging Company of the Year - Folding Cartons (Boutique)
Printmann is a family business expanding beyond its traditional operations and investing in new ventures. The company is exploring the potential of packaging for its four businesses: cartons, labels, leaflets, and foils. The company developed Tugain (an anti-hair fall solution and packaging concept.
30 Oct 2023 | By PrintWeek Team
Printmann has achieved a significant improvement in its financial performance. Its gross sales has increased by 22.15%, resulting in a corresponding increase in profit before tax by 79.17%, which is the highest in their category. Additionally, its expenditure on staff has increased by 16.80%. Furthermore, its returns on capital employed have increased by 8.11%, the highest in their category.
Printmann generates 85% of its revenue from the pharmaceutical and healthcare sector. “To increase its direct exports from the current 7% to 20% in the next two years, Printmann is focusing on reaching out to customers in Europe, North America, and Latam,” said the company statement.
According to Printmann, it has been working hard to improve customer service while controlling costs. The company invested in several Zhongke equipment during the year under review to achieve this. These include a high-precision hot-foil stamping and die-cutting machine, a high-speed window-patching machine with a V-notch and inline creasing system, and a high-speed dry lamination machine. In addition, Printmann ordered a second sheetfed offset technology from Koenig & Bauer.
New business avenues and investment while simultaneously growing sales and profits are impressive achievements of this Packaging Company Of The Year (Boutique) Award winner.