UAB VEIKA and Roland DG to create a new joint venture

Vilnius, Lithuania, July 31, 2023 – UAB VEIKA (Headquarters: Vilnius, Lithuania; CEO: Dr. Aleksey Etin), a manufacturer and vendor for wallpaper and digital printing-related products has signed an agreement with the world’s leading provider of digital printing solutions, Roland DG, to establish a new joint venture company.

 The new company will be a part of Roland DG Corporation. Its main goal will be to continue the development of sustainable technologies for wallpaper and digital printing industries. The focus will remain on DIMENSE™ and Ecodeco™ technologies, using ink and media expertise coming from VEIKA, and know-how of  printers development from Roland DG. The two companies have been having a business partnership since 2015 and creation of the new joint venture will accelerate the progress of DIMENSE™ technology, including new effects and applications in different fields, as well as development and production of sustainable Ecodeco™ material for traditional wallpaper industry.

 Future Plans

The current business structure will continue for the foreseeable future as both companies work on integration. No changes are planned for our valued clients and suppliers. Details on the timing and method for new product launches will be provided as they are determined.

 About UAB VEIKA and UAB Dimense print

VEIKA is a family business founded in 1991 in Vilnius, Lithuania by Jakov Etin and it is well known as a producer of a wide range of materials for the wallpaper industry. VEIKA has earned its reputation as a reliable and trusted supplier to partners, with a wealth of knowledge and experience in the field of wallpaper production. After the second generation - Dr. Aleksey Etin, has joined the company in 2007, while recognizing the pivotal role that continuous research and development play in the achieving lasting success, VEIKA has established an impressive range of laboratories dedicated to innovation in inks, polymers and coatings.

Since 2012, their focus has shifted to digital printing, and production began on solvent inkjet printers and PVC wallpaper. Now, with an eye on protecting the environment, the company has gone PVC free, inventing and patenting Ecodeco™, a plasticizer-free base for traditional hot embossed wallpaper production. Their digital solutions also include the DIMENSE™, a cutting-edge wide-format inkjet printer, which has gained high recognition for its unique structure printing capability, environmentally-friendly inks & substrate, and facilitation of original expressive designs in wallpaper printing

 About Roland DG Corporation

Roland DG Corporation is the world’s leading provider of digital printing solutions. The company’s inkjet printers, printer/cutters and cutting machines are widely used to create a broad range of promotional items including banners, signs, vehicle graphics, stickers, and labels, and to provide customization services for apparel and personal items like smartphone cases. Recently, Roland DG has embarked on a promising new digital transformation frontier with the launch of its cloud-based service called Roland DG Connect which improves customer satisfaction and success by providing a more comfortable and stable operating environment, improved workflow efficiency, increased business development and profitability. The company has also developed proprietary design and print management software which offers an unforgettable creative experience by enabling customers to design their own gifts, apparel, and treasured mementos.

Message from the Management

 Dr. Aleksey Etin, UAB VEIKA CEO stated:

 “VEIKA and Roland DG have been business partners since 2015.  I believe that this joint venture with Roland DG will be a great opportunity to benefit from the best that the two companies have: Roland DG’s expertise in printer development and distribution capabilities around the world and Veika’s know-how in inks and media development. This partnership will allow us to speed up the progress of DIMENSE™ and Ecodeco™ technologies, as well as take them to a new level. It is great honor to be trusted by such an outstanding partner like Roland DG and I am very happy that we have reached this agreement. I believe it will be highly beneficial for everyone, including our valued partners, customers and suppliers.”

Kohei Tanabe, Roland DG Corporation President and Representative Director stated:

 “I still vividly remember the day I first saw DIMENSE™'s wallpaper solution in 2019. Today's announcement marks a momentous fusion of our  mission, “Bringing new opportunities to society through digital technology,” and our purpose, “To Empower Creativity and Excitement Worldwide,” with DIMENSE™''s unique and innovative digital embossing printing solution. Throughout the negotiations, I have felt the desire to join forces with them and inspire excitement worldwide. Roland DG has consistently grown through digitalization and market creation. Now, I am honored to move forward together, fostering the market for embossing, including wallpapers, through the acquisition of UAB Dimense print shares.”