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RYOBI LTD to Establish Joint Venture with Mitsubishi Heavy Industries Printing & Packaging Machinery Ltd.


Wednesday, 19 Jun 2013 10:00pm EDT 

RYOBI LTD announced that it will establish a joint venture with Mitsubishi Heavy Industries Printing & Packaging Machinery Ltd., with the Company holding a 60% stake and Mitsubishi Heavy Industries Printing & Packaging Machinery Ltd. holding a 40% stake, on July 31, 2013. The Company will transfer its printing machinery business and Mitsubishi Heavy Industries Printing & Packaging Machinery will transfer its offset sheet-fed printing press business to the joint venture, on January 1, 2014. The joint venture will be engaged in manufacture and sale of printing machinery and related products, the design, construction and supervision of equipment installation works and the sale of used printing machinery in Hiroshima, Japan. 

Company Quote

339.0
6.0 +1.80%
31 Jul 2014