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The US Securities and Exchange Commission has reported the sale of almost 2 million more shares over the past four trading days, to interests of Carl Icahn, taking his stake to over 34 million shares, or 21.9% of the stock. Currently at between US$16 and $17, Xerox shares have dropped dramatically and are about half of what Fujifilm offered in the abortive take-over offer in 2018.
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“These apprentices have fully illustrated their individual skills and personalities, while navigating a variety of obstacles thrown up by the pandemic,” said PrintNZ chief executive Ruth Cobb.
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Papermaking giant UPM and the Paperworkers' Union have agreed on a deal to end the 110-day strike at five UPM mills in Finland, which caused paper shortages across Europe. Employees will return to work immediately and UPM says it will restart customer deliveries as soon as possible.
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Print giant Xerox recorded $1.67 billion of revenue for the first quarter in 2022, down 2.5% year-over-year, with an operating loss of $56m compared to a profit of $39m in Q1 2021. In response, Xerox shares fell by more than 15% to $16.87 and have declined 25% this year.
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The Australian Sign & Graphics Association (ASGA) will be exhibiting at the 2022 Adelaide Careers & Employment Expo on the 6th & 7th of May to promote career and training options in signage.
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Members of cyber-hacking group Anonymous are protesting against the war in Ukraine by sending a flood of anti-war messages to vulnerable printers in the Russian Federation, reports industry researcher Keypoint Intelligence.
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“As a result of the continued rising costs, Flint OPS has no choice but to announce further price increases,” said the global printing inks manufacturer. Flint also plans to close its newspaper printing ink facility in Wolverhampton, UK due to “the accelerating move towards on-line news content.”
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US-based General Formulations, a manufacturer of pressure sensitive films for signage and labelling, has signed a new distribution deal with Spicers Australia and become a member of the New Zealand Sign & Display Association (NZSDA).
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Following our news-breaking report on Agfa's proposed acquisition of Inca Digital, Fujifilm Japan has kindly provided an official statement concerning the surprise announcement and is re-assuring Australian and New Zealand customers of its full on-going support for Inca Onset users.
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The UK's Digital Printer Magazine reports that Fujifilm has responded to the announcement of Inca Digital Printers’ sale to Agfa to the effect that it will no longer resell Inca machines and will focus on its own range of wide-format printers, though it will continue to support existing customers with Inca Onset devices that it supplied.
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Leading Melbourne-based label specialist, Sticky Labels, has boosted its digital operations by upgrading to the latest digital inkjet label production system – the Screen Truepress Jet L350UV SAI. Supplied by Jet Technologies, it is the latest of several installations that are taking colour and productivity to new heights in digital label production.
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The Agfa-Gevaert Group has announced it will acquire Inca Digital Printers, a Cambridge, UK based developer and manufacturer of advanced inkjet printing and production technologies for sign and display applications as well as packaging, currently owned by Screen of Japan with worldwide sales handled by Fujifilm.
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Well-established sign company Rhino Signmakers of Keilor Park in Melbourne's north-west has appointed a liquidator to wind up the business after 25 years in operation.
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Fujifilm Business Innovation Asia Pacific says its new partnership with Solimar Systems will provide a comprehensive suite of workflow solutions for production printing and digital communications to the Asia Pacific region, including Australia and New Zealand.
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Canon Group product designs has won a total of nine prestigious 2022 iF Design Awards – including for its large format imagePROGRAF TZ-30000 printer - handed out by the iF International Forum Design group.
- New holographic film from General Formulations
- printIQ expands operations in the UK and Europe, recruits talent
- Durst celebrates 500th Durst Workflow Software installation
- Rise in digital inkjet spurs Toyo ink to AUD$19 million investment
- Used equipment roundup – bargains galore
- Impression Technology Australia unveils full line-up for FESPA
- Ricoh calls for ‘new form of capitalism' to fight climate crisis
- Smithers report: Growth segments in USD$136bn digital printing market
- NZSDA adds new 'notable' categories to 2022 Sign Awards
- EFI partners with Ricoh for Wide Format Wednesday Webinar
- Bundled 'no vax proof needed' re-start for global textiles fairs in Frankfurt
- Cutting Edge implements printIQ MIS, improves bottom line & customer service
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- From banking to booming Minuteman Press franchise in WA