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Market situation has deteriorated due to shrinking demand
June 21, 2013
By: DAVID SAVASTANO
Editor, Ink World Magazine
Mitsubishi Heavy Industries Printing & Packaging Machinery, Ltd. (MHI-PPM) and Ryobi Limited have signed a shareholder agreement, dated June 20, 2013, to establish RYOBI MHI Graphic Technology Ltd., a joint venture and implementation of business integration in the field of sheetfed offset printing presses. Ryobi will own 60% of the JV, and MHI-PPM 40%. Both MHI-PPM and Ryobi manufacture and market sheetfed offset printing presses. Recently, the market situation has deteriorated due to shr...
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