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Mimaki Europe makes joint venture with Italian firm Bompan
16
Jun '17
Mimaki Europe, developer of wide-format inkjet printers and cutting machines, has announced at the Board of Directors meeting on June 13, 2017, that a consolidated subsidiary of the company resolved to establish a joint venture company with Italian firm Bompan S.r.l, the exclusive Italian partner of Mimaki Europe for print & cut equipment sales.

Mimaki group recognises that it is essential to encourage the expansion of digital printing in the textile and apparel market (hereinafter referred to as the “TA market”) for sustainable growth in the future. To do so, it is necessary to rebuild the regional sales network and service structure of the TA market. The establishment of this joint venture company is part of this.

The joint venture partner Bompan is a leading distributor in Italy, and has established a strong relationship of trust with Mimaki through a business relationship over many years. The joint venture company with Bompan will expand sales of products for the TA market primarily in EU member countries. With the newly established joint venture company, Mimaki will offer total solutions, including pre-processing to post-processing, as a specialised group dedicated to the TA market, and will promote digitalisation of the TA market.

The majority of the capital structure of the joint venture company (51.0 per cent) and the majority of the directors, including the president, will be maintained by Mimaki. (GK)

Fibre2Fashion News Desk – India


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