A baling press for compressing material, in particular waste material from cardboard boxes, foils or PET bottles, to form a bale surrounded by at least one wire loop, consisting of: - a bale press housing, into which an opening for introducing the material to be compressed is incorporated and in the interior whereof a compression space is provided, - a press ram arranged to be axially displaceable within the bale press housing and extending adjacent to the opening by means of which, in cooperation with the bale press housing and a door, the compression space is closed, - one or more wire rolls onto which a wire is rolled up and can be unwound therefrom, which is arranged within the interior of the bale press housing for forming the wire loop, - a packaging means by means of which the wires unwound from the wire rolls are transported in the direction of the press ram and by means of which the loose ends of the wires are connected with one another in the region of the press ram, wherein the packaging means is displaceably mounted to the bale press housing, wherein the position of the press ram and the position of the packaging means are aligned with one another, while the bale is surrounded by means of the wire loop, wherein in the press ram, at least one insertion opening aligned perpendicular to the direction of displacement of the press ram is provided, which extends in alignment with the position of the packaging means, while the wire loop is placed around the bale thereby, and wherein in the press ram, an outlet slot is provided through which the respective wire loop is drawn upon retraction of the press ram, characterised in that at each of the press ram and the packaging means a sensor (26 or 27) is arranged by means of which the positions of the press ram and the packaging means can be controlled, the stroke distances of the press ram are measured by the sensors, that by means of the measured movements of the press ram, the completion of the respective compression process can be determined, and that at the packaging means the sensor is provided, which causes the position of the packaging means to be aligned with regard to the position of the press ram. - a bale press housing, into which an opening for introducing the material to be compressed is incorporated and in the interior whereof a compression space is provided, - a press ram arranged to be axially displaceable within the bale press housing and extending adjacent to the opening by means of which, in cooperation with the bale press housing and a door, the compression space is closed, - one or more wire rolls onto which a wire is rolled up and can be unwound therefrom, which is arranged within the interior of the bale press housing for forming the wire loop, - a packaging means by means of which the wires unwound from the wire rolls are transported in the direction of the press ram and by means of which the loose ends of the wires are connected with one another in the region of the press ram, wherein in the press ram, at least one insertion opening aligned perpendicular to the direction of displacement of the press ram is provided, which extends in alignment with the position of the packaging means, while the wire loop is placed around the bale thereby, and wherein in the press ram, an outlet slot is provided through which the respective wire loop is drawn upon retraction of the press ram, characterised in that at each of the press ram and the packaging means a sensor (26 or 27) is arranged by means of which the positions of the press ram and the packaging means can be controlled, the stroke distances of the press ram are measured by the sensors, that by means of the measured movements of the press ram, the completion of the respective compression process can be determined, and that at the packaging means the sensor is provided, which causes the position of the packaging means to be aligned with regard to the position of the press ram.