Manu­graph In­dia says unit Manu­graph Amer­i­cas filed for bank­ruptcy on June 1

Newspapers & Technology Magazine - - Contents - ▶ News & Tech Staff Re­port t p

Manu­graph In­dia has in­formed the ex­changes that Penn­syl­va­ni­abased Manu­graph Amer­i­cas Inc., its wholly owned sub­sidiary, has filed a vol­un­tary Chap­ter 11 ( bank­ruptcy pro­tec­tion pe­ti­tion) with the United States Bank­ruptcy Court on June 1, Reuters re­ports. The move is to re­or­ga­nize its busi­ness, the com­pany said in the no­ti­fi­ca­tion. Shares of Manu­graph In­dia edged up 3.5 per cent at 52.15 on the NSE. In Novem­ber 2006, Manu­graph In­dia ac­quired 100 per­cent stake in the U.S.-based press-man­u­fac­tur­ing firm Dauphin Graphic Ma­chines Inc. (DGM). Es­tab­lished in 1972 by founder S. M. Shah, Manu­graph In­dia Ltd. is In­dia’s largest man­u­fac­turer of web off­set presses. It is the first In­dian com­pany to have achieved a break­through in ex­port­ing “Made in In­dia” print­ing ma­chines to coun­tries such as Ger­many, France, U.K. and the U.S. as early as in 1994. News & Tech has reached out to com­pany spokesper­sons for com­ment.

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