TKS, through its totally owned subsidiary, IGA Machinery, has purchased the web press Division of Hamada Printing Press Company, Ltd. located at 2-15-28 Mitejima, Nishiyodogawa-ku, Osaka City, Japan. The TKS/IGA Machinery purchase include land of 25,000 sq. meters and a manufacturing facility of 30,000 square meters. The factory facility is located near Osaka, Japan. This allows TKS manufacturing capabilities in two different cities of Japan--Tokyo and Osaka.
The sales, engineering technology, manufacturing, and after sales staff will all be transferred to IGA Machinery effective November 1, 2004.
With this extension of IGA Machinery, TKS will increase their continuing membership in the Osaka business community. The factory addition will increase manufacturing capabilities of TKS expanding production. The TKS group expansion will continue to supply a large range of offset presses to meet customer requirements in quality, advanced technology and durability for the newspaper and commercial press markets.