Next is our investment in MGI in France. We have raised our equity stake from the previous 10% to 40.5%. Our future plan is to consolidate this company into our corporate group.
There is strong demand for high value-added printing of labels and packaging with a heavy application of varnish, gold foil, or other such material for heightened noticeability. MGI is the only company achieving this by using digital systems.
We are further strengthening our relationship with MGI and accelerating our measures in label and packaging printing. We are also adding the AccurioJet KM-1 and products from MGI to round out our lineup of products that strategically target the printing industry giants.
There is strong demand for high value-added printing of labels and packaging with a heavy application of varnish, gold foil, or other such material for heightened noticeability. MGI is the only company achieving this by using digital systems.
We are further strengthening our relationship with MGI and accelerating our measures in label and packaging printing. We are also adding the AccurioJet KM-1 and products from MGI to round out our lineup of products that strategically target the printing industry giants.