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Announcement on the establishment of subsidiary in Turkey: Mimaki Eurasia.

The Mimaki TS300P-1800 is a core dye sub printer and representative of the Turkish market.The Mimaki TS300P-1800 is a core dye sub printer and representative of the Turkish market.

Mimaki Europe B.V. represented by Managing Director Mimaki Europe, Mr.Koji Shimizu, is proud to announce the opening of the Mimaki Eurasia sales subsidiary. Mimaki Europe B.V. has received an official approval from the Istanbul local authority to establish a sales company in Istanbul, Turkey, and it has started its business operation as of 14th of April.

Mimaki has always seen the Eurasian market as an important region and has therefore decided to expand its activities with a full subsidiary in Istanbul, Turkey. Mimaki Eurasia will not only be offering direct technical support in this area, but will also be developing new sales activities. The textile market in this region has grown into a very strong sector in the past years. With the latest textile printing developments that Mimaki has introduced since the ITMA show in Milan, the company considers this a logical next step to develop its activities in this region even more.

Background

The Mimaki TS300P-1800 is a core dye sub printer and representative of the Turkish market.The Mimaki TS300P-1800 is a core dye sub printer and representative of the Turkish market.Mimaki Europe B.V. already established the Mimaki Istanbul Technical Centre in 2013 to strengthen the regional technical support and has been supplying technical training for the many distributors and dealers in Turkey and surrounding countries. Turkey, with over 70 million people, is one of the leading textile countries in the world. The new Mimaki base in Istanbul enables the company to have a more active sales operation in the region and thus increase the Mimaki market share.

Company outline of the sub-subsidiary

Company name:

MİMAKİ EURASİA DİJİTAL BASKI TEKNOLOJİLERİ PAZARLAMA VE TİCARET LİMİTED ŞİRKETİ

Representative:

Koji Shimizu

Address:

Şehit Cengiz Karcıoğlu Sokak No 2 Gülbahar Cad. Evren Mah. Güneşli, Bağcılar, İstanbul Türkiye *Same as the current Mimaki Istanbul technical support centre

Established on 14th April 2016

Business description:

Sales and technical service of inkjet printers, cutting plotters and related consumable items (inks, etc.)

Capital:

1,600,000 Turkish Lira

Shareholder:

Mimaki Europe B.V. 100%

Employees:

6 (projected)

Mimaki Europe B.V. company outline

The Mimaki TS300P-1800 is a core dye sub printer and representative of the Turkish market.The Mimaki TS300P-1800 is a core dye sub printer and representative of the Turkish market.Capital:

500,000 Euro (Shareholder: Mimaki Engineering 100%)

Established April 2004

Business description:

Sales and technical service of inkjet printers, cutting plotters and related consumable items (inks, etc.)

Address:

Stammerdijk 7E, 1112 AA Diemen, The Netherlands

Representatives:

Sakae Sagane*

Koji Shimizu

Employees:

80 (As of March 2016. This number includes the 6 employees in the Mimaki Istanbul office)

*Sakae Sagane is Executive Vice President of Mimaki Engineering Co., Ltd.

Mimaki is exclusively distributed in the UK and Ireland by Hybrid Services Ltd and their full portfolio of products can be viewed by visiting www.hybridservices.co.uk.

About Mimaki

Mimaki is a leading manufacturer of wide-format inkjet printers and cutting machines for the sign/graphics, industrial and textile/apparel markets. Mimaki develops the complete product range for each group; hardware, software and the associated consumable items, such as inks and cutting blades.

Mimaki excels in offering innovative, high quality and high reliability products, based upon its aqueous, latex, solvent and UV-curable inkjet technology. In order to meet a wide range of applications in the market, Mimaki pursues the development of advanced on-demand digital printing solutions. Mimaki Engineering Co. Ltd., (President: Kazuaki Ikeda) Nagano (Japan), is publicly listed on the Tokyo Stock Exchange, Inc.

Press information from Mimaki EMEA.

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