Hindustan Times Media and Burda Druck come together
- set to establish joint venture in New Delhi
To establish a jointly
owned print company in
New Delhi, Burda Druck
(Germany) and Hindustan Times
Media Ltd recently concluded a
joint venture agreement in
Munich. The joint venture company
in equal partnership will be the
first rotogravure printing in
India. As per the deal, two
rotogravure 2.45-meter presses,
currently running in Offenburg,
will be moved by Burda Druck
to Indian facility, and it will provide
necessary technological support.
The dismantling of two 2.45 m wide
gravure presses in Offenburg is set
for the first quarter of 2009. In New
Delhi, the two machines will
restart in fourth quarter of 2009. The
annual tonnage of Indian gravure
printing will begin at around 50,000
tonnes. Hubert Burda said that
pressure commitment in India as an
important step in a promising
growth market.
Hindustan Times Media Ltd is a
leading Indian daily newspaper
publisher. The Hindustan Times, the
flagship publication of the group,
was founded in 1924 by Mahatma
Gandhi. Today, Hindustan Times
has a daily readership of over 1.2
million readers and is the fastest
growing newspaper in the English
language. With Hindustan, the
daily newspaper in the national
language Hindi, HT Media reaches
ten million readers daily.
Burda is well known for having
hundreds of magazines like
Playboy, Elle, and Focus.
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