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Japan's Komori Corporation opens India subsidiary
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SME Times News Bureau | 20 Apr, 2018
Tokyo-based Komori Corporation Ltd -- the third largest manufacturer of
printing presses in the world -- on Friday announced the establishment
of its India subsidiary that will introduce customised printing presses
suitable for the domestic market.
Komori is among the top two
companies worldwide which are involved with currency printing for
several countries, including India.
A leader in offset presses,
digital presses, Print Engineering Service Provider (PESP) products and
banknote/security presses, Komori was till date operating in India via
its sole distributor Insight Group.
"With the launch of India
office, Komori aims to strengthen and enhance Komori's presence in India
and nearby countries. We are very excited to start our India
operations," Hirofumi Hoshino, Managing Director, Komori India Pvt. Ltd,
told reporters here.
With the Insight Group, Komori already has a
market share of over 40 per cent in the country and now aims to
strengthen and scale its operations even further, not only in India but
to other Asian countries too.
"With the India footprint, we'll
be able to provide the world-class quality and strong support to aid the
Indian market. We will use the best of global and local processes to
provide the highest value to our customers and maximize the customers
benefit," he added.
With the acquisition of Insight's Komori
division, Komori India will retain the employees of Insight Group in its
new team, the company said.
Founded in 1923, the first Komori
press for the Indian market was delivered in 1954. The machine exported
was a full-size (37 inch/640 mm) single-colour press equipped with a
stream feeder.
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