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Koenig & Bauer ( (DE:SKB) ) just unveiled an update.
Koenig & Bauer AG has announced significant progress in its collaboration with Volkswagen subsidiary PowerCo on sustainable battery cell manufacturing. The partnership, initiated in June 2023, is focused on developing a system for industrial dry powder coating of electrodes, which could revolutionize the manufacturing process by eliminating the need for energy-intensive drying. The project has been positively assessed, with a new prototype ordered by VW PowerCo and a proof of concept expected by mid-2025, signaling potential advancements in industrial and technological processes.
More about Koenig & Bauer
Koenig & Bauer AG is a leading global technology provider specializing in special printing applications, with a key focus on the packaging sector.
YTD Price Performance: 21.12%
Average Trading Volume: 23,955
Technical Sentiment Consensus Rating: Hold
Current Market Cap: €235M
Learn more about SKB stock on TipRanks’ Stock Analysis page.