At the recently concluded Pamex show, Monotech displayed its Scodix Ultra digital enhancement press, Memjet inkjet based JETSCI ColorAqua Hybrid for short-run label printing and some equipment from Canon at its stand. “The show was extremely good for us. In fact, our expectation was not high, keeping the current economic situation in mind. We got a good number of leads and people showed interest in investing in the right technology,” says TP Jain, managing director of Monotech Systems. The company sold two Xerox units at the event and received decent leads for Scodix and the short-run label press.
“The distinct feature of this edition of Pamex was that people wanted to do something different. Digital print enhancement is becoming a prominent subject of discussion for various companies in the printing industry. People realize that it provides a good business opportunity now. We also feel that over a period of time, embossing and foiling will predominantly become digital. This transformation will give a new set of opportunities for people,” Jain adds.
For most of the commercial printers across the country, a huge opportunity for growth lies either in digital or in the packaging industry. Jain says that despite a slowdown in the economy, both digital printing and packaging are witnessing growth. He also feels that now is the right time for commercial printers to diversify and explore the digital and packaging segments in order to survive and grow.
Monotech achieved modest growth this year mainly because of the economic slowdown in the country. However, the company may register a better turnaround in Q4, which usually is the highest-grossing quarter. “Our participation at Pamex just before the last quarter would really help us to register good numbers,” says Jain.
Concluding the discussion, Jain says, “This edition of Pamex was much better. Our stand remained crowded on all days of the show. It was unlike the previous edition in terms of footfall. I must say Pamex 2020 was quite successful for us.”