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KBA eyes new business as rival post losses

Press manufacturer KBA is to move into solar energy and water treatment technology as it seeks to diversify, rather than “enter a merger in a shrinking market”.

Speaking as the company an­­­nounced better than ex­­pected third-quarter results, chief executive Helge Hansen said that, while print manufacturing would remain core, the company would explore acquisitions in “new business lines with good prospects for growth and earnings”.

He

Heidelberg restructures with Rautert leaving

Heidelberg head of sales Jürgen Rautert has left the business “by mutual consent”, after the manufacturer restructured its board and its business.

As a result of Rautert’s shock departure, responsibility for sales will be divided across board members of the other divisions and overall sales responsibility has been handed over to chief executive Bernhard Schreier.

Following the restructure, a Heidelberg Services division will be created, led by new appointment Marcel

Agfa to takeover assets of Gandi Innovations

Agfa has announced it has agreed to buy the majority of the assets of large-format manufacturer Gandi Innovations, currently trading in creditor protection.The Canadian inkjet specialist first revealed it was to pursue a sale through court documents posted on 26 June. The Gandi products would sit within Agfas range of inkjet presses, complementing the likes of the high end:M-Press Tiger industrial flatbed inkjet press and the newly launched printing engines in the :Anapurna large format range

Kodak chief optimistic despite 26% sales drop

Kodak has committed to commercial inkjet with its newly renamed Prosper Press Platform as the company’s Graphic Communi­cations Group recorded an 18% third-quarter decline in revenues.

The drop contributed to a company-wide drop in sales to $1.78bn, down 26% year on year, while sales in GCG came in at $674m.

Antonio Perez, chairman and chief executive of Kodak, said: “On a sequential basis, the positive trends are clear. Our sales are stabilising and some businesses are

Key alliance opens trade in India

Press manufacturer KBA has signed a strategic alliance that will lead to it selling Indian presses in the UK.

The German company has teamed up with Indian press manufacturer The Printers House (TPH) to sell each others’ products in their respective markets. TPH will promote KBA web presses in India while KBA will offer TPH’s range of 2/1 Orient web presses throughout the rest of the world.

The deal will enable KBA to offer a lower-tech, lower-cost product to customers in its

Low visitor turnout at Print 09 in Chicago

The US print media market has been impacted with the downturn, with visitors and the number of contracts signed at the show disappointingly lower than Print 05. Though the slump has prompted cost-cutting measures, KBA and its subsidiary KBA North America Inc put up a brave front by exhibiting three sheetfed presses (small, half- and medium-format) on its attractive 800 sq/m stand. Only Komori from Japan offered a similar choice. KBA recently relocated to Dallas, Texas.

Also popular were

Shipping delay led to revenue fall

EFI has reported a halving in quarter-on-quarter revenues, citing a delay in commercial availability of its new hybrid printer for the weaker results.

Revenues for the second quarter ending 30 June 2009 came in at $90m, compared with $186m in 2008, producing a GAAP net loss of $13.3m.

EFI chief executive Guy Gecht said that the main disappointment for the quarter was the delay in shipping its Vutek GS 3200. Despite strong initial orders, the state-of-the-art technology involved meant delays

Press giants banking on improved orders

Press giants KBA and Heidelberg have both announced weak results for the year to date, but pointed to an improvement in incoming orders as a sign for optimism.

Heidelberg said it did not expect to make a profit in the current financial year, following the publication of its first quarter results last week in which it posted a $92million operating loss.

The German press manufacturer said that “due to the persisting difficulty underlying conditions” full-year sales would be below

New single entity will serve inkjet, ink market

DIC Corporation and Sun Chemical are to create a new single business entity to serve the inkjet ink market under the name SunJet.

SunJet global business director Laurie Geldenhuys said that “coordinating DIC and Sun Chemical technology under one global division”, which will be a subsidiary of Sun Chemical, better reflects the global nature of digital inkjet markets.

“It’s a huge market; things are developing so quickly. So we’re looking at the newer applications

Heidelberg says past year one of the worst

Heidelberg chief executive Bernhard Schreier told shareholders at today’s AGM that the past financial year had been “without doubt one of the worst in the more than 150-year history of Heidelberg - if not the worst”.

Shareholders were battered with the grim post-mortem of the company’s 2008/2009 full-year results, which included a 20% slump in incoming orders to €2.91bn ($4bn), following a freefall in order volumes in the third and fourth quarters.

Heidelberg

Media mogul says free news sites ‘soon over’

Media mogul Rupert Murdoch has shocked the newspaper industry by proclaiming that the free news website model “will soon be over”.

The chief executive of News Corporation, who some fifteen years ago said the future of newspaper revenue was in advertising not in the cover prices, has suggested that his newspapers, which include the UK publishing arm News International’s The Times and The Sun, will soon charge for the use of their websites.

He said: “We are now in the

Manufacturer goes into administration

European screen press manufacturer SPS Rehmus has gone into the German form of administration.

SPS filed for insolvency on 1 April and appointed a temporary insolvency administrator, Jens Hamdorf of Treugarant AG. However Hamdorf said he believes a sale of the business will go through.

The appointment of a temporary insolvency administrator in Germany is similar to Chapter 11 in the US, with the company protected from its creditors but able to continue trading until a solution is

Infoprint gets new vice president

InfoPrint has appointed Benoît Chatelard to the role of senior vice-president and general manager for Europe Middle East and Africa (EMEA).

Chatelard, who was most recently general manager of the Asia Pacific region, said he is focused on increasing the company’s UK market share in the high-volume colour market.

He takes the position over from Dermot O’Loughlin, who has retired following a 36-year history with the company, and will report to InfoPrint chief executive Tony

New machine aimed at packaging

HP has launched its latest digital label press, the HP Indigo WS6000, which it claims can handle up to 80% of jobs printed on traditional flexographic presses while also cutting time to market.

The WS6000 is being targeted at customers in the packaging and marketing sectors.

The machine builds on the HP’s existing WS4500 model and can print at speeds up to 30m per minute in four-colour mode.

According to the manufacturer, the WS6000 has been designed to be more cost-effective on jobs

Double-width machine launched

Manugraph has announced the launch of its first double width machine, the Smartline.

The machine, with a speed of 70,000 CPH has a web width of 1,400mm, cutoffs of 546, 560 and 578mm as well as a ten roller inking system with spray dampening. It also features a 2:3:3 jaw folder with 48 broadsheet pages, 96 pages tabloid and single or double delivery.

The machine has bearerless cylinders that are mounted on 3-race bearings. The dampening system is spray type with a 10-roller inking system

Flint announces new ‘structure’

 Flint Group has announced a customer oriented organisation structure aimed at enabling customers to have full access to the group’s product portfolio through a single sales contact who will be supported by in-depth technical support.

According to Flint, the new structure will align the organisation to market segments and customer applications.

Product lines that serve the print media market for the production of magazines, inserts, catalogues, newspapers, direct mail

Google pulls plug on its print media ad business 2009-02-01 24

Google is to close its business that sells advertising space in newspapers.
According to Associated Press, the move was a bid to cut costs under the current economic climate.
The California-based Google concluded that its online expertise wasn’t paying off and decided to pull the plug - effective from February 28.
The decision is believed to impact on about 800 US newspapers.
Google’s director, Spencer Spinnel reportedly wrote on his blog: “While we hoped that print