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.

KIRKLAND, QUEBEC—

GERMANY—

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.

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.

TORONTO—

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

TORONTO—

FAIRFAX, VA—

CHINA—

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.

ROCHESTER, NY—

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.

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