On 17 January 2018, in Faridabad in the Delhi NCR a joint venture agreement was signed between NBG Printographic Machinery Company and Webtech Engineering to form a joint venture to manufacture and promote flexo label presses under one entity. NBG has developed a fully servo flexo label press and Webtech has been shipping its flexo label presses for the last several years.
With the new JV in place, customers should get a range of label printing and converting solutions under one roof. With their combined resources in development, manufacturing and service under a single joint entity, customers can expect a better range of solutions and more comprehensive and timely service. Under the agreement, NBG Printographic Machinery Company, would be handling complete marketing and sales activities of the JV and Webtech would be handling the manufacturing of top loading flexo presses while NBG would continue to produce its new servo driven presses. Both the companies would work together for launching advanced label solutions in the future.
Dr SK Garg, managing director of NBG Printographic Machinery Company, said “We have more than 30 years of experience in printing machinery with our presence across India and in 25 countries. We have been working in packaging and labels for 5 years and we believe this JV would add value to our product line and give customers better products and service.” Sabhajeet Singh of Webtech added, “Looking at the upcoming demand for quality flexo presses, this JV would enable our companies to invest in research and development of advanced and international standard machines in India and thus giving ‘Make in India’ concept a boost.”