Yintong Corporation signed up for the purchase of 56 multicolor RMGT 920 series sheetfed presses at China Print to be delivered and installed over the next three years. The presses ordered include one RMGT 920 8-color perfector with LED-UV+PQS-D(I+C+R) and Smart Assist Printing. Twenty-four RMGT 920 9-color perfector presses with LED-UV and ten RMGT 920 4-color presses. An addition ten RMGT 970 4-color presses, and ten RMGT 970 5-color + IR+CC+SLD The order also includes one larger format RMGT 970 8-color perfector with LED-UV.
The deal for all these 56 presses was signed at China Print 2021 by Yintong which is an on-line supplier of print or a web to print company with RMGT’s Chinese distributor, Beijing Jia He Ding Xin Technology & Business known as Dinga. Dinga took part in the exhibition and showed three presses there – a RMFT 1050 8-color Tandem Perfector with LED UV, an RMGT 920 8-color perfector with LED UV and an RMGT 790 5-color plus coater with extended delivery. Needless to say, Dinga achieved great success at the exhibition.
China Print 21 held in Beijing from 23 to 27 June 2021, attracted 136,388 visitors over the five days. Another 1.1 million visitors accessed the home page of the exhibition. RMGT’s distributor in China, Dinga broadcast several videos of his customers using the company’s 1050 and 920 series presses in the country. RMGT says it has never before experienced such a large single customer order such as the one from commercial printer Yintong.
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.