3 September 2013
Kodak emerges from bankruptcy
ROCHESTER, NY—Kodak has exited Chapter 11 and reorganized as a commercial printing technology company catering to corporate markets like packaging, functional printing, and graphic communications.

"We have been revitalized by our transformation and restructured to become a formidable competitor--leaner, with a strong capital structure, a healthy balance sheet, and the industry's best technology," said chairman and chief executive officer Antonio M. Perez in a statement.

Kodak filed a Chapter 11 petition in January last year, and has made several moves in an attempt to turn the company around, including shedding thousands of employees, closing factories and labs, and ceasing production of its digital cameras and pocket video cameras. 

The reorganization reportedly cuts upwards of $4 billion in debt, and cements Kodak's move away from its flagship business activities in cameras, film and photo developing.

"We are setting a trajectory for profitable growth," Perez said. "We have the right technology at the right time as printing markets increasingly transition to digital." Kodak's offerings include CTP output devices and digital plates such as the Kodak Sonora process free plate, the Prosper inkjet presses and systems, and the Flexcel line for flexographic package printing.

Comments:
NEW ON THE JOB BOARD | RSS
CLASSIFIED | RSS
Company for sale
Company wanted
CLICK HERE to list your business opportunity in the printing industry
Most Recent News Comment
Started in a Trade Shop says:
Are Paul McCarthy and Paul McCathy the same person. More spelling mistakes from Print Can. Tsk Tsk...
North Island Publishing PrintCAN Print Jobs Canada’s Estimators' & Buyers' Guide MastheadOnline Print World 2010 Design City
Graphic Monthly Print Equipment gutenbergs' guide COPA industrial print