Creo Partners with Plate Manufacturer in China to Supply Thermal Plates
Press release from the issuing company
VANCOUVER, British Columbia--March 24, 2004-- Creo Inc., today announced a partnership with Sichuan Juguang Printing Apparatus Co. Ltd. ("Juguang"), one of the largest plate manufacturers in China. Under the terms of the agreement, Juguang will manufacture and sell the jointly developed Juguang JPT-1 Positive Thermal Plate. Creo will offer the plates as part of its complete computer-to-plate ("CTP") systems in China.
"Juguang is one of the leading suppliers of printing plates in China, with proven strength in manufacturing, sales and support," stated Garron Helman, managing director of Creo Asia Pacific. "Together, we have developed a digital plate that combines Creo's patented technology in thermal consumables with Juguang's expertise in offset plate production."
"Creo is already the number one CTP supplier in China and this partnership will reinforce Creo's leadership in an important and growing market," continued Mr. Helman. "By working with Juguang, we can now confidently offer a high quality plate to our CTP customers here, with an exceptionally qualified partner for joint-development, as well as local manufacturing, logistics and support."
Juguang JPT-1 is a high resolution thermal plate suitable for long-run lengths without pre- or post-baking and is well suited for most commercial print applications. The plates will be commercially available this summer.
"It is a great opportunity to work with Creo," said Huang Shan, general manager of Juguang. "In order to provide our customers with advanced technology we believe it is important to partner with experts on research and development - and Creo is a proven leader in thermal technology. As a leader in the offset plate business in China, with the cooperation with Creo, Juguang will now be able to provide cost-effective, high quality thermal CTP plates with high efficiency, reliable supply and superior service."
Based in Chengdu, China, Sichuan Juguang Printing Apparatus Co. Ltd. is a privately-owned company with more than 300 employees. Juguang is one of the leading companies in the plate industry in China with annual production capacity for offset plates of 18 million square meters.
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