Control Print MOU with KBA-Metronic

Control Print India Ltd has informed that the Company has entered into MOU for technical collaboration with KBA-Metronic AG, Germany, the undisputed worldwide technology leader in Coding, Marking and Printing. The venture will lead to Industrial Ink-jet Printers manufactured in India based on know-how transferred from KBA-Metronic. KBA- Metronic AG is a wholly owned subsidiary of Koenig & Bauer AG (KBA), the world's third largest printing equipment manufacturer listed on the Deutsche Borse, with sales of over $ 2.4 billion (Rs 10,000 crores), founded 190 years ago.

KBA-Metronic's best-in-class industrial inkjet printer range will provide proven benefits to the Indian Customers with its legendary reliability and cost-efficiency. The Company will also be manufacturing KBA-Metronic's wide range of specialised ink formulations for various applications.

With this tie-up, the Company will be the first Indian manufacturer of industrial inkjet printers in India. The Company has already set up a manufacturing and assembly facility for marking and coding devices at their facility in Nalagarh, Himachal Pradesh which shall he expanded for production of the Industrial Ink-jet Printers which is expected to commence in this quarter itself. The Company is targeting further increases of its already significant market share. The Company will also service the South Asian market. In addition the Company will re-export printers to other emerging markets in conjunction with KBA-Metronic.