Mitsubishi, Ryobi Studying Business Alliance

The companies foresee market demand for printing machinery in the developing countries becoming stronger, with the demand for higher specification products expected to grow further in the global market.

The two firms hope to forge an agreement that would produce significant synergies such as enhancement of product line-ups, enlargement of product development capability, reduction of product cost, and improvement in sales and service networks. A final agreement is expected by June 30.