Goss International will exceed $1 billion in sales in 2005
Press release from the issuing company
September 9th, 2005 – Approaching the end of its third financial quarter, Goss International is projecting it will exceed $1 billion in sales for 2005. CEO Bob Brown says meeting this revenue goal demonstrates successful integration efforts and strong customer confidence in Goss technology.
"Our focus is on innovation and execution, and we''re gratified that our customers worldwide are continuing to invest," Brown explained. "This kind of business volume is giving us leverage to sustain the R&D and support that makes our customers, and the web offset process itself, more competitive."
Brown says new technology, project management success, and an expansive choice of products for the specialized requirements of the web offset market are contributing to the success of Goss International. The company will also enter 2006 with a solid backlog, according to Brown.
Demand for Goss commercial web systems has been driven by the introduction of the world''s first 2x8 Goss Sunday 3000/32 presses, the new 16-page M-600 D press, the combination of Goss Automatic Transfer and Goss Autoplate features for Sunday presses, and servo-drive technology for finishing systems. Goss will deliver close to 400 new commercial web printing units in 2005.
In the newspaper sector, Goss has had success with double-width and single-width press sales throughout the world and will record increases in its tower addition and newspaper postpress volume in 2005. New orders for a double-width Goss Uniliner press in the U.S. and a double-width Goss Mainstream press in France were confirmed in August. Approximately 1,000 Goss Community press units will be shipped from the company's joint venture in Shanghai, China.
Goss International also reorganized and expanded its Americas Lifetime Support program in 2005, strengthening service, parts, product enhancement and training capabilities.
“Successful integration of the former Heidelberg Web Systems operations has been vital to our enhanced financial strength and market position,” according to Goss International CFO Joe Gaynor. “We continue to make progress on integration initiatives while also improving on the execution side."
"This has been a pivotal year for Goss," Gaynor concludes. "We''ve demonstrated that we are the leader in innovation and that we can help our customers push the web offset process to new levels of value and vitality."
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