Product category:
Printing Presses and Machinery (New and Used, Service and Repair)
News Release from: Komori UK
Edited by the Printingtalk Editorial
Team on 29 June 2006
Komori's Production Growth Matches Sales
Rise
Six months after opening its new factory in Tsukuba, Komori Corporation has geared up production to meet growth in demand for its offset presses worldwide.
Six months after opening its new factory in Tsukuba, Komori Corporation has geared up production to meet growth in demand for its offset presses worldwide By opening up the next phase of assembly and testing lines at Tsukuba, Komori said it has boosted production to respond to the popularity of its flagship Lithrone S40 press, which continues to break records in the B1 market
This article was originally published on Printingtalk on 1 Aug 2008 at 8.00am (UK)
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Production has also been increased at the Yamagata Plant, not only to reflect the impact of the new Lithrone S29 launched at Ipex but also the popularity of the four-colour SPICA series.
The company added that over 100 presses have been ordered worldwide in the last 10 weeks, 20 by UK printers alone.
At 38,500 square metres, the Tsukuba plant is Komori's largest factory and its capacity is claimed to allow the company to keep pace with targeted increased manufacturing over the next 10-15 years.
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The plant encompasses manufacturing, assembly, testing, research and development, demonstration and training facilities.
Yoshiharu Komori, president and chief executive officer of Komori Corporation, said: "Komori's strategy of investing heavily in the continued development of high performance and technically excellent presses, supported by the most advanced manufacturing capability, is central to our success and strong international growth.
Our performance and profitability shows that these investments are paying off." He said that sales have risen 13.5 per cent in the last year to Yen127 billion (approximately GBP635m and EUR920 million).
Net income (profit after tax) has risen 25.4 per cent to Yen7.9 billion (about GBP39.5m and EUR57m) and the company said it is on track to exceed its target of Yen150 billion (GBP750m and EUR1.09 billion) turnover in the next three years.
Komori has experienced what it regards as impressive international expansion with 64 per cent of total turnover made to export markets.
American sales have increased by 24 per cent, whilst Europe continued to be an important region for Komori.
In addition to maintaining a solid presence in Western Europe, a substantial part of Komori's 16 per cent sales boost in the region is attributed to investment by printers in the new markets of eastern Europe, added the company.
Investment in Komori web offset presses in the region is said to be particularly strong.
Neil Sutton, the managing director of Komori UK, commented: "We are experiencing a spiral of growth at Komori, which justifies our confidence and investment in the future and reflects the confidence of our customers in the quality of our presses. Request free introductory details about products from Komori UK ...
All areas of the business are buoyant and our profitability proves that we have a successful strategy of developing highly-engineered machines that answer the market's need for automation, flexible configurations, quality and return on investment.".
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