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Shanghai Electric to assume full ownership of Goss

May 20, 2010 12:00 AM

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Shanghai Electric (Group) Corp. (SEG) will acquire 100-percent ownership of Goss Intl. in June, 2010, exercising an option established when it became a shareholder in the company in September, 2009. SEG and its affiliates are one of the largest mechanical and electrical equipment manufacturing groups in China with 60 core manufacturing sites, more than 40,000 employees and 2009 revenues of $8.6 billion. The acquisition of the remaining shares by SEG will give Goss an industrial owner with substantial resources and accelerate cooperation among SEG affiliated printing equipment suppliers within a unique worldwide network.

“We are taking this step because Goss Intl. is a market leader with innovative technology and a highly effective global manufacturing, sales and support platform,” according to SEG chairman Xu Jianguo. “We will continue to support the organization in sustaining these differentiating advantages over the long term. Full ownership of Goss International enhances our presence in the print sector, our world-class product portfolio and our ability to deliver innovation, value and security to a wider range of printers and publishers.”

Goss president and CEO Jochen Meissner says his organization and SEG share an international outlook and a focus on working with customers to realize innovative, technology-driven solutions. “Our ownership structure is solid, and our vision is clear. We have confidence in our ongoing ability to innovate, to execute projects large and small, and to provide excellent customer support,” he explains.

SEG chairman Xu Jianguo says a 100% ownership of Goss will create opportunities for both companies to pursue joint product development initiatives, integrate and enhance sales and support capabilities in some regions, and optimize manufacturing operations throughout America, Asia and Europe. “We look forward to welcoming the Goss International organization within our family of companies and to leveraging and building on the formula of continuous innovation and international expertise that has made it an industry leader,” he adds.

Other current shareholders in Goss International, including majority shareholder MatlinPatterson Global Opportunities Partners, will sell their shares in the company as part of the transaction that will transfer 100% ownership to Shanghai Electric (Group) Corp.

At Ipex , Goss Intl. is exhibiting alongside SEC to highlight a range of newly allied printing companies and the products in the combined portfolio. A selection of products represents the wide range of print production solutions offered by the group:

Akiyama – MEGA Jprint perfecting
Running live at IPEX, the most advanced version of the Jprint series, the MEGA Jprint has new features including the ability to automatically change all plates simultaneously in three minutes. The system also optimizes sheet handling and registration with a subsequent press speed of 15,000 iph for 4/4 jobs.

The uniquely configured B1 cylinders of the MEGA Jprint mean that each side of a sheet is printed using separate units, which are positioned one above the other and feature their own plate, blanket and impression cylinders. This enables the entire sheet to be printed on both sides without the need to turn the sheet or leave gripper margins on the tail edge.

Yawa – diecutting and foil stamping
The Yawa PRO-F106 diecutter has been designed to provide the versatility of diecutting and quality hot-foil or hologram stamping in a single operation. It is capable of foil stamping, diecutting and stripping. A new infeed and control system gives highly accurate positioning that enables holograms to be applied at high speed.

Goss Purlux saddlestitcher
The Goss Purlux 1200 saddlestitcher harnesses Purlux technology in providing a complementary solution to the Goss Pacesetter saddlestitchers. Together the products cover a wide range of binding requirements from 10,000 to 25,000 cph. From the highly reliable double grippers to a double-scoring position for covers, it has been designed to eliminate misfeeds and dropped signatures. In the stitching section, adjustments to the trimmer infeed are designed for fast makereadies and the trimmer itself is the latest design with quick-change facilities for optional devices.

Feida – automated guillotine systems
A leading international brand of the Shanghai Shen Wei Da Machinery Company exported to more than 50 countries, Feida automated guillotines offer high productivity postpress operation for sheetfed printers. The system exhibited at IPEX features complete control, with minimum physical effort, of lifting, jogging, cutting and restacking of printed sheets at a speed of up to 48 cutting cycles per minute. The guillotine itself includes a sophisticated positioning system with fast and accurate adjustment and high clamp pressure for clean cutting with maximum safety. A wide cutting throat has the capacity to cut any sheet substrate, from paper to board, with a maximum pile height of 165mm.

Guanghua – multi-color sheetfed offset
The Guanghua Bestech series was created to minimize makeready times across a wide range of applications and run lengths. Based on a design by Akiyama Intl., these presses have a 3:4:3 cylinder configuration for printing heavy recycled paper used in packaging. The range also employs a compact inline coating system.

Guanghua Z Multi-color sheetfed offset presses are suitable for quality printing of posters, advertisement, samples, books and magazines as well as many kinds of packaging. Their ‘soft-touch’ method of impression minimizes dot gain, and combined with a double inker system, ensures optimum color consistency and fidelity.