Monotech and Pressline announce formation of joint venture
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.