(PR-inside.com) Tokyo, Jan 23, 2013 - (JCN Newswire) - Mitsubishi Heavy Industries Printing & Packaging Machinery, Ltd. (Masami Shimizu, President) and Ryobi Limited (Akira Urakami, President and COO) herein announce signing a Letter of Intent, dated January 23, 2013, for a joint study on business alliance for commercial printing machinery business.Both companies have been producing and selling sheet-fed offset printing presses* and facing the stiffer market situation with the shrinking demand especially in developed countries due to the recent global economic crisis. This has led both companies to promote structural reforms to sustain competitiveness in the market and financial soundness ..
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