PRESS RELEASE. The Malayala Manorama Inks Contract for Mitsubishi s New 4 x 1 Press DIAMONDSPIRIT-SA

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1 PRESS RELEASE Release Date: 29 October 2013 Business Contact: Media Contact: Takashi Uchiu, Vice President Jim Gann, Daiya PR Sales Department (Public Relations for MHI-P&PM) Tel: Tel: Fax: Fax: The Malayala Manorama Inks Contract for Mitsubishi s New 4 x 1 Press DIAMONDSPIRIT-SA Biggest press order of 2013 highlights reliability in Mitsubishi Hiroshima, Japan... Mitsubishi Heavy Industries Printing & Packaging Machinery, Ltd. (MHI-P&PM) today announced sales contracts signing with The Malayala Manorama Company Limited for five lines of its new 4 x 1 newspaper offset press, the DIAMONDSPIRIT-SA. The Mitsubishi DIAMONDSPIRIT-SA is a newly developed press designed and manufactured specifically for the growing Indian and Asian markets. The Malayala Manorama, the largest selling Malayalam newspaper, was founded on March 14, 1888 by Mr. Kandathil Varghese Mappilai in Kottayam, Kerala, India. It began as a four-page weekly newspaper, published every Saturday. The weekly newspaper became a bi-weekly in 1901, a tri-weekly in 1918, and a daily in 1928.

2 Today, The Malayala Manorama is one of world s largest daily newspapers with a circulation of 2.3 million copies a day. It is published from 18 printing centers: 11 centers in Kerala, five centers in Indian cities outside Kerala, and two centers located outside of India. The Malayala Manorama has been expanding its print business into magazines for decades. It now publishes more than 40 magazine titles in Malayalam as well as in English. Also, The Malayala Manorama is successfully spreading its wings into other media outlets to include the Internet (Manorama Online), and television (Manorama News) and radio (Radio Mango) broadcasting. As an example of its success, in 2007, Manorama Online was ranked the world s third most popular online newspaper by the web information company Alexa, following The New York Times and The Washington Post. When The Malayala Manorama set out to select new presses, its most important considerations were press reliability and operation efficiency. With today s tough market conditions, present even in growing markets like India, higher ROI ratio was required to justify any new press investment. After in-depth comparisons of several different press models with actual product observations day and night, Mitsubishi s DIAMONDSPIRIT-SA press was recognized as the best press to meet The Malayala Manorama s requirements. Company reliability and sustainability also weighed heavily in the press selection process. With one competitor still trying to regroup and regain a foothold in the market and another continuing to close down its manufacturing sites around the

3 globe, Mitsubishi was viewed favorably as a result of its long track record in India, its comprehensive sales and service support network, and its continuing commitment to the Indian printing and publishing market. With press reliability positioned high among the most important design considerations in developing the new 4 x 1 DIAMONDSPIRIT-SA, Mitsubishi opted to implement many of the proven technologies of its DIAMONDSTAR (4 x 2) and DIAMONDSPIRT (4 x 1) presses. Another essential design concept focused on higher ROI of the entire project cost, and this was successfully realized by applying a single around blanket cylinder design and by building a more compact press. Compared with the 4 x 1 DIAMONDSPIRIT press with double around blanket cylinders, the height of the tower printing unit has been reduced from 5.6m to 4.4m, and the weight of the unit reduced from 45t to 30t, while still retaining a rigid press structure. Consequently, the DIAMONDSPIRIT-SA press can be installed in existing 2 x 1 press plants to reduce initial investment cost. In addition to initial installation cost savings, running cost savings can be realized as well. The compact press design reduces power consumption by 20%, and Mitsubishi s precise web tension control reduces start-up waste as well as print waste. The Mitsubishi 4 x 1 DIAMONDSPIRIT-SA presses for The Malayala Manorama are rated at 75,000 cph with a cutoff of 546mm (21.5 in) and a web width of 1,400mm (55 in). The press lines will be configured with four 4/4 tower printing units, one 1/1 tower printing unit, one 2:2 single rotary folder and five reelstands. The

4 presses will be operated by the Mitsubishi press control system with automated features that include ink presetting with CTP interface, various press presets, automatic webbing up, automatic dual web tension control, automatic color register control and more. One of the attractive features of the DIAMONDSPIRIT-SA presses for The Malayala Manorama is its Soft Stop function. This advanced function is Mitsubishi s answer to the unstable electric power supply. While these will be the first presses in India to be equipped with the Soft Stop function, this feature has already been well proven in numerous installations in Japan, where countermeasures against power outages are absolutely essential. With the Soft Stop function, when a power failure is detected by the press, the press will be slowed and softly stopped through a synchronization of shaftless drive motors, without incurring any web breaks. This synchronized stop happens in three steps: a sudden power failure is detected by the sensors; regenerative energy obtained from the shaftless drive motors of the tower printing units maintains power for other shaftless drive motors; and the shaftless drive motors of the folders and the superstructure are synchronized until the press stops. Although some newspaper publishers have installed an uninterruptible power supply (UPS) to operate an entire press line for a few minutes during power failures, the UPS requires battery replacement every two or three years. On the other hand, the Soft Stop function does not require battery replacement, and as a result,

5 lifetime cost of the Soft Stop function is much more economical than that of the UPS. The first DIAMONDSPIRIT-SA press for The Malayala Manorama will be shipped around autumn of 2014, and all remaining presses will be shipped in succession by late summer of <Photo captions> 1. Sealing the deal The Malayala Manorama Chief Editor & Managing Director Mammen Mathew (right) and MHI-P&PM President Masami Shimizu 2. Members of The Malayala Manorama & Mitsubishi pose for commemorative group photo (from left: P. P. Prakash, George Verghese, Harsha Mathew, Shibu George, Mammen Mathew, Masami Shimizu, Takashi Uchiu, Mamoru Ito, George Jacob, Siji Joseph, Joseph P. Varghese, Roy Alex, P. K. Philip) 3. DIAMONDSPIRIT-SA press for demonstration at MHI-P&PM factory * * * * * * * * * * * * * * About Mitsubishi Heavy Industries Printing & Packaging Machinery Mitsubishi Heavy Industries Printing & Packaging Machinery, Ltd. (MHI-P&PM) was established on July 1, 2010 as a fully owned group company of Mitsubishi Heavy Industries, Ltd. Headquartered in Hiroshima, Japan and operating with a work force of approximately 1,000 employees, MHI-P&PM handles all facets related to Mitsubishi s full lines of printing machinery and paper converting machinery, including design, production, sales, service and after-sales service support. An extensive network of domestic sales and service branches and overseas sales agents and distributors support MHI-P&PM operations. For more information, please visit the MHI-P&PM website (

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