Industry News, Printers News

Heidelberg, Masterwork Create Production Joint Venture

'China is Heidelberg's most important single market in the graphic arts industry,' said Rainer Hundsdörfer, CEO of Heidelberg.

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By: Anthony Locicero

Copy editor, New York Post

Heidelberger Druckmaschinen AG (Heidelberg) aims to strengthen its competitive position in the growth market of China and has therefore set up a production joint venture with its long-standing partner and strategic anchor shareholder Masterwork Group Co., Ltd. (Masterwork).    Heidelberg will benefit from the closer cooperation in the value-added chain between the two companies, particularly at its production site near Shanghai.    The two companies also expect the expansion of their str...

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