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RYOBI LTD to Establish Subsidiary for the Joint Business between RYOBI LTD and Mitsubishi Heavy Industries Printing & Packaging Machinery Ltd.


Wednesday, 31 Jul 2013 12:00am EDT 

RYOBI LTD announced that it has decided to establish a wholly owned subsidiary on July 31, 2013. The new subsidiary will takeover printing machinery business from RYOBI LTD, and offset sheet-fed printing press business from Mitsubishi Heavy Industries Printing & Packaging Machinery Ltd., effective January 1, 2014. Along with the business transferring, the Company and Mitsubishi Heavy Industries Printing & Packaging Machinery Ltd. will hold a 60% stake and a 40% stake in the new subsidiary, effective January 1, 2014. 

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