Baldwin Technology Establishes New Subsidiary in Milan Italy
1/18/2006
Shelton, CT, January 18, 2006 -- Baldwin Technology Company, Inc. (AMEX: BLD), a leading global manufacturer of printing press accessories and control equipment, announced today that it has established a new subsidiary, Baldwin Italy S.r.l., headquartered in Milan.
The new sales and service branch will enable Baldwin to strengthen support to its Italian customers and expand its presence in the Italian market by vigorously pursuing new opportunities through local sales and service activities.
Karl Puehringer, president and chief operating officer of Baldwin Technology, said, "Although we have enjoyed sales in the Italian market for years, we are pleased to formally begin local operations through our first Italian company. The Italian market represents a significant share of European graphic arts printing activities, and we are ready to pursue this market directly and aggressively. Our new subsidiary enables us to actively promote Baldwin's leading technology to Italian-based printers and publishers in a more direct and efficient way."
Aldo Parodi and Martin Buttlar have been elected as managing directors of the new operation. Parodi was formerly with Macchingraf as product and sales manager of the Web System Division. Buttlar has been with Baldwin for more than three years and currently serves as managing director of the company's German subsidiary.
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About Baldwin Technology Company
Baldwin Technology Company, Inc. is a leading global manufacturer of printing press accessories and controls for the commercial and newspaper printing industries. Baldwin offers its customers a broad range of market-leading technologies, products and systems that enhance the quality of printed products and improve the economic and environmental efficiency of printing presses. Headquartered in Shelton, Ct., the company has sales and service centers, product development and manufacturing operations in the Americas, Asia and Europe. Baldwin's technology and products include cleaning systems, fluid management and ink control systems, web press protection systems and drying systems. For more information, visit http://www.baldwintech.com.
Investors may contact Frank Hawkins or Julie Marshall at (305) 451-1888 or e-mail info@hawkassociates.com. For an online investment kit, visit http://www.hawkassociates.com. An investment profile about Baldwin Technology may be found at http://www.hawkassociates.com/baldwin/profile.htm