Komori Corporation, Japan is set to come into India by acquiring majority stake in Insight Communications and Print Solutions India, handling Komori business.
Insight Communications and Print Solutions India has been the distributors of Komori products in India since 2007. They have achieved tremendous success in terms of the number of machines installed – in just a short span of 10 years they have to their credit more than 260 Komori press installations. Besides, a strong network of sales and support engineers has been developed to serve an equally strong customer base in the country.
India’s impressive demographics – consisting of a robust young population holds abundant potential for economic growth and consequently the printing market and demand for equipment.
With Komori deciding to take majority stake in Insight Communications and Print Solutions India, the company is all set to seize the growth opportunities in India. The resultant new subsidiary will aim to penetrate deeper into the Indian market and boost sales of Komori offset printing presses.
Mr. Satoshi Mochida, President and COO, Komori Japan says, “We believe that these initiatives will help local printing companies better utilize high-value-added printing solutions and enhance the efficiency of their operations, thereby contributing to the development of India’s printing industry.”
Mr. Sangam Khanna says, “It will result in Komori getting closer to the Indian customers and provide much better service, enhance product reliability and provide information and communications technology (ICT) solutions aimed at improving productivity. Future plans include creating various products tailored to meet local Indian requirements.”
Mr. Ajay Aggarwal, says, “The new organization plans to adopt the best of both the local and global – as the current team will continue to handle operations in India with enhanced support, investments and growth engines coming from Komori’s global presence.”
Mr. Hirofumi Hoshino will be taking over as the Managing Director of the new venture. He joined Komori in 1977 after getting his degree in Mechanical engineering and was involved in press design and production. He has served in Komori America as well as in Komori Europe. He is a core member of Komori Global Sales and Service Group and an Associate Board Director. Mr. Sangam Khanna will head Sales and Marketing function.
Komori is a global manufacturer and supplier of sheet-fed Offset presses, web Offset presses, high-end Packaging presses and Security Printing presses. Its overseas sales in the fiscal year ended March 31, 2017 accounted for 60.3% of consolidated net sales. Out of all its overseas markets – Komori gives a lot of attention to China, India and ASEAN countries due to the robust economic expansion of the region. Print demand is expected to grow rapidly in these regions due to increasing personal consumption. Komori has positioned these countries as priority Countries.