Monotech and Pressline announce formation of joint venture

Monotech and Pressline announce formation of joint venture
TP Jain

On the opening day of Pamex 2017, Monotech Systems and PressLine India announced the formation of a joint venture for development, production and marketing of a high-speed digital inkjet press to cater to the newspaper, book printing and transactional markets in India as well as overseas. The products offered under this partnership will be branded as Pressline-Jetsci.

“For book printing we already have a good number of installations in India and overseas. So, we thought if we align with Pressline and combine their capabilities in web offset with our inkjet expertise, it will be a win-win situation for both the companies and the printing industry,” said TP Jain, managing director, Monotech Systems.

Monotech Systems manufactures high-speed industrial inkjet printers under the Jetsci brand while Pressline has a strong presence in the newspaper and book printing segments offering top class web offset solutions.

“In the current scenario where customization and variable data are the essential ingredients of today’s education system, this partnership will play a vital role. Newspapers can do value addition and enhance circulation by adding local news columns, while on the run providing Mohalla news and ads as well,” said Satish Bajwa, chairman and managing director, Pressline India.

Monotech has also tied up with GM of Denmark to offer a digital label printing press. Jain informed that by March 2018, commercial launch of products under both GM and Pressline tie-up will hit the market.

“We expect to make about a combined 10 installations under GM and Pressline joint ventures,” Jain shared.

He also spoke about the recent developments in Monotech’s packaging division and informed that the first Highcon digital cutting and creasing machine has been sold and the installation of the machine will happen in the first quarter of next year. He also said that Scodix E106 enhancement press will be launched in India next year.

2023 promises an interesting ride for print in India

Indian Printer and Publisher founded in 1979 is the oldest B2B trade publication in the multi-platform and multi-channel IPPGroup. While the print and packaging industries have been resilient in the past 33 months since the pandemic lockdown of 25 March 2020, the commercial printing and newspaper industries have yet to recover their pre-Covid trajectory.

The fragmented commercial printing industry faces substantial challenges as does the newspaper industry. While digital short-run printing and the signage industry seem to be recovering a bit faster, ultimately their growth will also be moderated by the progress of the overall economy. On the other hand book printing exports are doing well but they too face several supply-chain and logistics challenges.

The price of publication papers including newsprint has been high in the past year while availability is diminished by several mills shutting down their publication paper and newsprint machines in the past four years. Indian paper mills are also exporting many types of paper and have raised prices for Indian printers. To some extent, this has helped in the recovery of the digital printing industry with its on-demand short-run and low-wastage paradigm.

Ultimately digital print and other digital channels will help print grow in a country where we are still far behind in our paper and print consumption and where digital is a leapfrog technology that will only increase the demand for print in the foreseeable future. For instance, there is no alternative to a rise in textbook consumption but this segment will only reach normality in the next financial year beginning on 1 April 2023.

Thus while the new normal is a moving target and many commercial printers look to diversification, we believe that our target audiences may shift and change. Like them, we will also have to adapt with agility to keep up with their business and technical information needs.

Our 2023 media kit is ready, and it is the right time to take stock and reconnect with your potential markets and customers. Print is the glue for the growth of liberal education, new industry, and an emerging economy. We seek your participation in what promises to be an interesting ride.

– Naresh Khanna

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