Business News
Establishment of Komori Southeast Asia Pte. Ltd.
Friday 20. June 2014 - Komori Corporation (Head Office: Sumida-ku, Tokyo, Japan; Chairman, President and CEO: Yoshiharu Komori) has announced that Komori has acquired the share of KMLink, its distributor in Singapore, and established Komori Southeast Asia Pte. Ltd. as a subsidiary. The background to this move is outlined below.
1. Background to Establishment of Singapore Sales Subsidiary Established in 1923, the Komori Group has grown as a leader in the manufacture
and sale of offset printing press. The Company’s main products are offset sheetfed presses, web offset presses and security presses. By sales area, the domestic-overseas sales ratios as of the end of March, 2014, were 38 percent for the domestic market and 62 percent for overseas markets, meaning that sales are heavily weighted toward overseas markets. In this situation, while the mature markets and expansion of electronic media in advanced economies limit the potential for future growth there, the markets of China, India and the ASEAN countries have growing populations and expanding total consumption, resulting in increased printing demand. For these reasons, these markets have a high priority.
Komori’s Singapore distributor since 2009, KMlink not only sold printing presses but also expanded business by handling other competitive products, including both machinery and consumables, contributing to both increased sales and profit. It has gained a solid reputation in the graphic arts market by proposing and delivering total solutions for the profit of customers.
The acquisition and relaunch of KMlink as Komori’s subsidiary is aimed at expanding sales of offset presses in southeast Asia and strengthening the service capability of distributors in neighboring countries from the base in Singapore. The new entity will also operate as a platform for the promotion of the digital printing systems business, the solutions business to which the Komori Group is devoting a great deal of attention.
2. Outline 1) Date of establishment: June 16, 2014
2) Address: 1 Syed Alwi Road #04-01 Song Lin Building Singapore 207628
3) Capital: 1 million Singapore dollars
4) Business domain: Sale and service of printing press, postpress equipment, used machines, and printing and finishing materials
5) Managing Director: Mr. Allen Tan