14 August 2019

MARKHAM—

 
 Some of Bant Printocut bankruptcy numbers are in. The company owed around $500,000 of that only about $30,000 was secured creditors. Of the total owed about $200,000 to a Die Cutting Equipment manufacture . Also over $80,000 was owed to a steel rule trade shop. Unconfirmed reports were the company was put into bankruptcy by the owner.

14 August 2019

KIRKLAND, QUEBEC—

PDI Kirkland , Quebec plant
PDI Kirkland , Quebec plant
PDI is installing  a Heidelberg Speedmaster XL 106-5. Equipped with the DryStar LED Curing system . Integration with prepress delivers  “job ticket information” to the Prinect PressCenter XL 2 Console. The console converts the job data to the press autonomously, triggering a completely automated job change.  Plates are hung automatically with AutoPlate Pro. Using the Prinect Inpress Control, an inline colour and register system,

14 August 2019

GERMANY—

Cluse Bolza-Schunemann Chief Executive Officer
Cluse Bolza-Schunemann Chief Executive Officer
Claus Bolza-Schünemann Koenig & Bauer’s chief executive said the business had taken “careful note” of the recent financial releases from listed competitors Heidelberg, Bobst and Komori. In general, we believe that price cuts to expand or maintain market shares in limited markets, which can at most be subject to macroeconomic fluctuations, is the wrong concept.

14 August 2019

ROCHESTER, NY—

 
Miraclon – the new home of KODAK FLEXCEL Solutions – has received a coveted 2019 InterTechTM Technology Awards for the innovative KODAK FLEXCEL NX Ultra Solution. This  international awards program, sponsored by Printing Industries of America (PIA), recognizes technologies that are predicted to have a major impact on the graphic communications and related industries.

14 August 2019

TORONTO—

17  Foot Vutek FabriVU 520
17 Foot Vutek FabriVU 520
Imaged Advertising Creations (IAC) is the first company in Canada to install the 17-ft. wide EFI VUTEk FabriVU 520 dye-sublimation printer from Electronics For Imaging, Inc. IAC, which is a full-service visual communications company, will leverage the quality, productivity and expanded format of the printer to grow its dye-sublimation business into new markets and industries.“The size of this printer, at 17-ft., opens up new markets for us ,” said Sean Sadhoo, general manager of IAC

7 August 2019

TORONTO—

Astley Gilbert Head Office North York
Astley Gilbert Head Office North York
 
 
Founders Advantage Capital Corp. has announced that it has entered into agreement to sell its 50% interest in Astley Gilbert(AG) for  $17.0 million  to AG management .  Founders Capital bought 50% interest in Astley Gilbert back in October, 2017 for $24.7 million.The reasons  given is  that the Founders  and management  of AG did not share the same long-term vision for AG going forward

7 August 2019

FAIRFAX, VA—

Last American publication for the printing industry left.
Last American printing trade publication left. 
In a  unusual move the Specialty Graphic Imaging Association (SGIA)  announced that it has acquired NAPCO Media. Under the terms of the agreement, NAPCO Media—owners of Printing Impressions, Packaging Impressions, Promo Marketing, Print+Promo, In-Plant Impressions, Wide-Format Impressions, Total Retail, NonProfit PRO and Target Marketing—will become an LLC and will continue to operate as an independent entity.

7 August 2019

CHINA—

Kodak Sonora plates
Kodak Sonora plates
Kodak is selling its Chinese plate factory to Lucky HuaGuang Graphics and  uaGuang  will license Kodak’s plate technolagy.  Kodak said: “By partnering with one of the largest graphics players in a region that is seeing a growing demand for resource-efficient solutions, Kodak seeks to significantly increase the adoption of its Sonora plates in China.

7 August 2019

ROCHESTER, NY—

John Visentin CEO of Xerox
John Visentin CEO of Xerox
Xerox CEO John Visentin during the conference call talked about "Growing Xerox’s software and services businesses will be central to stoping the declining revenue sales."  Visentin said that the company "will expand its IT services offerings, selling them through the company’s Xerox Business Solutions "(previously known as Global Imaging Systems). Xerox expects that about a third of those locations will begin offering IT services by the end of 2019.

31 July 2019

MARKHAM—

Plant in Markham
Plant in Markham
Bant Printocut closed it doors last Friday. It was a complete surprise to staff and the industry. Almost 60 years old Bant was a trade die cutting and gluing house. The company had a staff of about 15 and had three 40" platen die cutters , 3 glueing machines, a tipping , cutters and some smaller equipment. It is speculated they did just below $1million in sales

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