Working closer together

Heidelberg has deepened its relationship with major shareholder Masterwork Group through a new joint venture for the production of parts in China. Under the terms of the cooperation agreement, the joint venture will take over some of the machine parts previously manufactured by Heidelberg. The main customers are Heidelberg Graphics Equipment (Shanghai) , and Masterwork

Heidelberg's largest shareholder and manufactures die cutters for Heidelberg

and its affiliated companies. Production is scheduled to start at Masterwork's new and innovative site in Tianjin at the beginning of 2021.

 Heidelberg has its own factory near Shanghai, 706 miles south of Tianjin. It employs 900 staff in China with around half working in sales and service.  Masterwork is Heidelberg’s biggest shareholder and owns 8.5% of the Germany-headquartered group. It makes a range of equipment including die-cutters and folder-gluers, including the Diana folder-gluer range sold by Heidelberg.