The two companies have worked together for some time on press manufacturing, but announced in June this year that SEC would become Goss’s second biggest shareholder.

SEC is one of the largest equipment manufacturers in China, operating in areas including power generation and transmission, electromechanical equipment, heavy machine tools, transportation equipment and environmental protection systems.

Print subsidiary Shanghai Printing and Packaging Machinery (SPPM) has worked with Goss on Shanghai Goss Graphic Systems since 1993.

Jochen Meissner, chief executive of Goss, said: “Shanghai Electric has substantial resources and is focused on world-class industrial equipment manufacturing. Their investment should send a strong signal to printers and publishers regarding our strength, stability and long-term capacity to deliver value.

“We look forward to new opportunities to innovate and execute together through our unique worldwide platform that will include significant manufacturing operations in America, Asia and Europe.”

Read the original article at www.printweek.com.

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