Partnership Agreement

 

TIDMLTS 
 
RNS Number : 7418W 
Litho Supplies PLC 
03 August 2009 
 

3 August 2009 
Litho Supplies plc ("Litho Supplies" or the "Company") 
 
 
Partnership Agreement 
 
 
The Board of Litho Supplies is pleased to announce that it has entered into a 
new partnership agreement ("Agreement") with Mitsubishi Heavy Industries, Ltd. 
("Mitsubishi") whereby the Company's subsidiary, Graphic Arts Equipment Limited 
("GAE") will take responsibility for the sales, customer support, servicing and 
marketing for all sheetfed Mitsubishi Lithographic presses in the UK and 
Ireland. 
 
 
Since it was established in the 1950's GAE has been involved in the sales and 
support of printing presses and has held the Shinohara agency since 1981.  The 
European headquarters for Mitsubishi Lithographic Presses will be located to its 
site in Leeds. This location will be the base for Mitsubishi's entire European 
printing operation, which includes sheetfed, commercial web and newspaper 
presses. It will also function as Litho Supplies' new distribution centre for 
spare parts as a well as a showroom for Mitsubishi sheetfed offset presses and 
other products and services in the Litho Supplies portfolio. A specialist team 
of engineers from Mitsubishi will transfer to GAE.  The Company believes that 
the combination of Litho Supplies' spare parts stores and distribution 
facilities, together with Mitsubishi's UK based European central store will make 
this among the most advanced service facilities in the industry. 
 
 
The new partnership, which is fully operational immediately, is expected to make 
a modest contribution to revenue in the current financial year. The Board has 
confidence that with the provision of new products and services, together with 
considerable operational efficiencies, the Leeds operation will present new 
opportunities for revenue growth in future years. 
 
 
Commenting on the Agreement, Michael Hammond, Chief Executive of Litho Supplies 
stated "This is a great opportunity for Litho Supplies to strengthen its range 
of products, services and expertise. It will not only add an extra revenue 
stream but also provide us with opportunities to increase sales of our prepress, 
pressroom and finishing products." 
 
 
 
 
 
 
 
 
 
 
Contacts: 
Litho Supplies Plc     Tel: [phone] 
Michael Hammond, Chief Executive 
Eddie Williams, Group Sales Director 
 
 
Astaire Securities Plc       Tel: [phone] 
Andrew Raca 
 
 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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