HOUSTON, April 19, 2012 /PRNewswire/ -- Consolidated Graphics, Inc. (NYSE: CGX), one of North America's leading commercial printing companies and the world's largest digital printer, today announced the formation of a new joint venture with Asian printer YAMAGATA Corporation. The investment comes as Consolidated Graphics experiences an increased focus on international growth to service its multinational corporation customer base. Consolidated Graphics has held a strategic alliance with YAMAGATA Corporation since 2008, and recently deepened the relationship with its 51 percent ownership stake in the joint venture's Gero, Japan operation.
As a result of the two companies' combined investments, the new entity, CGX YAMAGATA Japan GK, offers one of the most advanced digital printing facilities in Asia. The Gero facility is integrated with Consolidated Graphics' digital production infrastructure, and broadens the services YAMAGATA and CGX provide to the clientele the business serves.
"We've worked closely with YAMAGATA leadership and operations for several years now, and our opportunities for partnership continue to grow," says Steven Brown, Executive Vice President of International Business Development for Consolidated Graphics. "With the increased demand from our larger customers in the United States for international solutions, committing ourselves financially and strategically to growth in our capabilities is a natural next step."
"We are honored and excited about our joint venture with Consolidated Graphics, and hope that YAMAGATA's strength in China and Southeast Asia, along with CGX's commercial printing leadership in the United States, will strengthen and lead to future growth opportunities for both companies," says Ryuji Yamagata, CEO and Chairman of YAMAGATA group.Coupled with excellent manufacturing and technology solutions, CGX YAMAGATA Japan will act as a commerce portal to Asia for Consolidated Graphics' U.S.-based customers. Tapping into YAMAGATA's extensive Asian production footprint that spans 12 countries, including China, Thailand, Malaysia and India, the new company is better equipped to meet clients' goals as the result of additional CGX resources and personnel in the region. In addition to the Gero, Japan facility, Consolidated Graphics has acquired certain assets of YAMAGATA America to establish an International Project Management Office in San Diego, CA, which will focus on the management of international projects and programs. "Consolidated Graphics is the global leader in commercial digital production," added Brown, "and we hope to extend our leadership globally making it easier for our clients to manage their communications and brand."
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