RMGT stands for Ryobi Mitsubishi Graphic Technology and is represented in India by Provin Technologies. RMGT’s financial year was changed from ending on 31 March to 31 December in 2018. Thus the figures for 2018 pertain to nine months working only.
Nevertheless a thoughtful comparison shows that the past year was not as good as 2018 for the company. In India too its number of installation decreased which is similar to each of our five manufacturers except Heidelberg which did better in the current financial year ending 31 March 2020 in comparison to the financial year ending 31 March 2019. RMGT is facing, similar to the other press manufacturers, intense price pressure on its products and like them and the industry and global economy as a whole, the effects of the Coronavirus.
However, the company with its 500 employees ranks high on overall viability amongst the global offset press manufacturers.
1. Order intake – Fiscal period of December 2018 (for 9 months) – 13,926 million JPY Indian Rs. 906 crore – Fiscal period of December 2019 (for 12 months) – 15,916 million JPY 1,085 crore Note: The above figure includes only order intake of printing presses itself and does not include any order intake of spare parts and service.
2. Revenue. net sales – Fiscal period of December 2018 (for 9 months) – 19,704 million JPY Rs. 1,304 crore – Fiscal period of December 2019 (for 12 months) – 23,661 million JPY Rs. 1,612 crore Note: The above figure includes order intake of printing presses, spare parts, service and materials.
3. The EBITDA, net profit, cash flow and payroll cost figures are not available at the time of writing for publication.
4. Payroll as of 31.12 – 500 employees
In 2024, we are looking at full recovery and growth-led investment in Indian printing
Indian Printer and Publisher founded in 1979 is the oldest B2B trade publication in the multi-platform and multi-channel IPPGroup. It created the category of privately owned B2B print magazines in the country. And by its diversification in packaging, (Packaging South Asia), food processing and packaging (IndiFoodBev) and health and medical supply chain and packaging (HealthTekPak), and its community activities in training, research, and conferences (Ipp Services, Training and Research) the organization continues to create platforms that demonstrate the need for quality information, data, technology insights and events.
India is a large and tough terrain and while its book publishing and commercial printing industry have recovered and are increasingly embracing digital print, the Indian newspaper industry continues to recover its credibility and circulation. The signage industry is also recovering and new technologies and audiences such as digital 3D additive printing, digital textiles, and industrial printing are coming onto our pages. Diversification is a fact of life for our readers and like them, we will also have to adapt with agility to keep up with their business and technical information needs.
India is one of the fastest growing economies in nominal and real terms – in a region poised for the highest change in year to year expenditure in printing equipment and consumables. Our 2024 media kit is ready, and it is the right time to take stock – to emphasize your visibility and relevance to your customers and turn potential markets into conversations.
