6 May 2020
Komori Installations Hit By Covid-19
TOKYO—
Komori completes purchase of MBO
Komori completes purchase of MBO
Komori has posted a massive write-off loss due to the fallout from the Covid-19 pandemic a – with top management taking pay cuts of up to 30%. Komori said that in the last-half of its financial year ending 31 March 2020, demand in Europe and the US had “remained sluggish”, while its business in China – the world’s largest market for printing presses – had been “weak” due to ongoing trade tensions between the US and China.
Heavily dependent on offset press sales
Heavily dependent on offset press sales
Covid-19 has caused delays in installation of printing machinery in China, Europe and the United States. Komori is highly dependent on overseas markets, with more than 60% of sales coming from outside of Japan. Komori has  completed the acquisition of German folder machine specialist MBO, with the deal closing on 1 May.
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