Business Management - Finance/Financial
Masterwork Group Co., Ltd., China’s largest manufacturer of diecutters and hot-foil embossing machines is to obtain around 8.5% of the Heidelberg share capital under a cash capital increase from authorized capital excluding shareholder subscription rights. This will allow Heidelberg to increase its market presence in the expanding package printing segment.
The latest edition of the FINAT RADAR has been released, indicating that European label customers are approaching 2019 more cautiously than 2018. With multiple global factors at play, the full report details the reasons for the cautious approach.
The MATLET Group's Packaging Graphics printing and thermoforming facility in Pawtucket, R.I., abruptly closed last week, signaling what may be the final chapter of the printing company. According to reports, company employees arrived at the facility on Tuesday, Oct. 9, to find it closed.
The U.S. Bankruptcy Court for the Southern District of New York has approved Cenveo's amended plan of reorganization, which will clear the way for the Stamford, Conn.-based printing company to emerge from Chapter 11 bankruptcy protection in the coming weeks as a privately-held business.
Kodak has announced it has begun the process of selling its Flexographic Packaging Division. The division produces and markets the FLEXCEL NX system of flexographic imaging equipment, printing plates, consumables and related services.
Guy Gecht has informed the EFI board of directors that he intends to step down as CEO of the company once a successor to the position is named. Gecht has served as CEO of EFI for 19 years.
Landa Digital Printing announced it has completed a $300 million equity financing, led by private investment firm SKion GmbH and joined by specialty chemicals group ALTANA. The proceeds from the financing will be used for expansion of the company’s infrastructure and manufacturing capabilities, as well as for ongoing R&D and market development.
Windmöller & Hölscher announced record sales of more than 840 million EUR (USD$1 billion) for 2017. The printing division, consisting of flexographic and gravure presses, achieved 270 million EUR worldwide.