Baldwin Technology Wins Major Japanese Newspaper Orders
Press release from the issuing company
SHELTON, Conn.--Feb. 23, 2006-- Baldwin Technology Company, Inc., a leading global manufacturer of press accessories and control equipment, announced today that its Japanese subsidiary has secured major equipment orders from several Japanese newspaper groups. The total value of the orders, which include automatic blanket cleaning and spray dampening systems, is approximately $3.5 million.
The Yomiuri Newspaper Company, which has the largest circulation in Japan with more than 10 million copies printed each day, ordered IMPACT(R) automatic blanket cleaning systems to be installed on new Mitsubishi presses at the company's Kyushu plant. Previously, Yomiuri had ordered Baldwin spray dampening systems for these new presses.
The Asahi Newspaper Company, which prints Japan's second largest newspaper, the Asahi, which has a daily circulation of 8.2 million, also placed orders for Baldwin's spray dampening systems. This order is part of a larger project where Baldwin will also supply spray bars to presses at three of Asahi's printing plants. Installation of the equipment is scheduled to begin in June.
Baldwin's Japanese subsidiary also won an order to supply spray dampening systems to the Kobe Newspaper Company for its plant near Osaka.
Vijay C. Tharani, Vice President and CFO, said, "The orders from these newspaper companies are a reflection of their confidence in the capability of Baldwin's products and technology to meet the challenges of reducing press downtime and waste material, increasing print quality and press productivity as well as improving compliance with environmental requirements."
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