Manugraph India’s wholly owned subsidiary Manugraph Americas Inc., US has filed a voluntary Chapter 11 (Bankruptcy Protection Petition) of the United States Code with the United States Bankruptcy Court on June 1. The move is to reorganise its business.
In November 2006, Manugraph India acquired 100 percent stake in the U.S.-based press manufacturing firm Dauphin Graphic Machines Inc. (DGM). Manugraph India 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.
