FMN | September 3rd, 2018

FMN | September 3rd, 2018

An N.V. Publication FLEX

September 3, 2018

Vol. 20 No. 18

Market News

®

Serving The Flexographic Printing Industry In Print and Online at www.nvpublications.com

Future Of Flexo Initiative Plans Gala Event reported by Greg Kishbaugh TT he Future of Flexo Initiative, a consortium of industry lead- ers that actively promotes the future health of the flexo in- dustry through scholarships to university students studying flexo, will be sponsoring a gala and fundraiser to be held dur- ing the upcoming Labelexpo Americas show in Rosemont, Illi-

Kodak Plans To Sell Flexo Division Kodak announced it has begun a process to sell its Flexographic Pack- aging Division.The company has en- gaged UBS Investment Bank as its financial adviser for the transaction. Kodak’s Flexographic Packaging Division (FPD) produces and mar- kets the FLEXCEL NX system of flex- ographic imaging equipment, printing plates, consumables and re- lated services. For the last twelve months, FPD reported revenues of $150 million and Operational EBIT- DA of $33 million. During this peri- od, FPD has achieved a 9 percent increase in revenue and 18 percent Operational EBITDA growth. FPD currently employs a staff of approxi- mately 300 people. During the sale process, Kodak will reportedly continue to make investments in FPD by expand- ing manufacturing capacity, de- veloping advanced technology and increasing its headcount to meet customer needs. Kodak also announced it had en- tered into a non-binding letter of in-

(Cont’d on Page 3)

nois.The event is scheduled to begin at 5:30 at the Rosemont Theater on Wednesday, September 26, at the close of Labelex- po’s second day. The Future of Flexo Initiative, founded by OMET Americas, Inc., is a consortium of flexographic suppliers and printers that support the flexographic printing and packaging industries’

For exclusive content and breaking news please visit www.flexomarketnews.com

(Cont’d on Page 16)

Easy to use. Small footprint. Affordable. Digital One is an entry-level prime label press designed for profitable short run labels at an unprecedented investment level. A simple compact solution combining 4-color digital printing with in-line converting and finishing.

$265,000 USD LET MARK ANDY INTRODUCE YOU TO DIGITAL.

CHANGE THE WAY YOU THINK ABOUT DIGITAL PRINTING. MARKANDY.COM/DIGITALONE/

Kodak To Sell Flexo ( Cont’d from Page 1)

tent for a $400 million, 18-month loan with an exist- ing term loan lender which would refinance its exist- ing term debt. Net proceeds from the sale of FPD will first be used to repay this loan. printTHINK 2019 Calls For Abstracts printTHINK 2019,TLMI’s premiere technology con- ference, will take place in Rosemont, Illinois, on Sep- tember 11-13, 2019. The organization is officially calling for abstracts from TLMI members on ideas or topics they feel would be interested in learning about or topics that are relevant to today’s ever-changing packaging land- scape. Along with submissions, the organization is also asking converters to voice which topics they would be interested in learning more about. Potential topics include but not limited to: • Strategy & Success: C-level Topics, Motivational, In- dustry Trends • Shops & Systems: Equipment,Training, Shop Floor, Process Efficiency • Science & Sustainability: Environmental Impacts, Governmental Regulations,Technology,Theory

N ROLLING KEEPING YOU SECONDS TO BEING BACK IN PRODUCTIO

ith t t l Change colors in sec Quick Change Head ith Model PQS W TIC PU A PERIST L . w ou any oo s

MP

onds

By working together we’ll help you pick the right equipment for your needs—and we stand behind it. With a generous warranty, our products are built to last. So you can relax and get back to doing what you do best.

1-888-

Graymills • 472-9645

.com

Flexo Market News September 3, 2018 3

www.nvpublications.com

Ultimate Packaging Invests In Bobst Press

SAFETY FIRST® DOCTOR BLADE GLOVES

+

Ultimate Packaging, a UK flexible packaging manu- facturer, has invested in a new Bobst 20SIX CS print press, with further plans to invest in an additional laser perforation machine in January 2019. The new 20SIX CS 8-color press features a down- stream unit for film coating with a web width of 1300mm and speed of 500 meters per minute. The press also allows Ultimate to print using water based inks opening up new markets. Graphic Packaging Acquires Letica Foodservice Assets Graphic Packaging International, LLC, has reached an agreement to acquire substantially all the assets of the foodservice business of Letica Corporation, a sub- sidiary of RPC Group PLC, for $95 million, subject to standard closing conditions and regulatory review. The transaction is expected to close in the third quarter of 2018. Letica Foodservice is focused on the production of paperboard-based cold and hot cups and cartons for the foodservice market in North America.The compa- ny operates two foodservice converting facilities in Clarksville,Tennessee, and Pittston, Pennsylvania. The business generated $110 million in revenue and converted approximately 40 thousand tons of solid bleached sulfate paperboard in the twelve months ended June 30, 2018. Synergies from the ac- quisition will be driven by the integration of addi- tional SBS paperboard tons, lower logistics costs, and other cost efficiencies. On a post-synergy basis, the EV/EBITDA multiple for this transaction is expected to be approximately 6X. Harper Sees Large Turnout At Tennessee Event Harper Corporation of America hosted its most re- cent Harper Expo & Solutions Tour event in Chat- tanooga, Tennessee. The event reportedly exceeded capacity. In addition to Harper Corporation and Harper GraphicSolutions representatives, there were also speakers from MacDermid, Eaglewood Technologies, Nazdar, and Phoseon Technology. The final stop on the 2018 Harper Expo & SolutionsTour will be in Brooklyn Center,Minnesota,onThursday,October 25,at the Embassy Suites Minneapolis North.Presenters will include Harper Corporation ofAmerica,Harper GraphicSolu- tions, Flexo Wash, GEW Limited, Meca Solutions, and Ener- con Industries.

PROTECT YOUR GREATEST ASSET!

6SHFLȴFDOO\)RU8VHΖQ )OH[RJUDSKLF 5RWRJUDYXUH3UHVVURRPV

3URWHFWV$JDLQVW+DUVK6ROYHQWV &KHPLFDOV ΖPSURYHV*ULS)RU(DV\%ODGH+DQGOLQJ 1DWLRQDO ΖQWHUQDWLRQDO5DWLQJV *UHDWHU)OH[LELOLW\)RUΖPSURYHG'H[WHULW\

ZZZȵ[RQFRP (800)756-6474

Get your company in front of the flexo industry’s key decisionmakers. Flexo Market News ’ readership is comprised of Presidents, Owners, VPs and General Managers of flexo operations — the key people who make decisions on equipment purchases. An ad in Flexo Market News is a direct sales meeting with thousands of the industry’s best thinkers and most influental leaders. Reach the Decisionmakers

4 September 3, 2018 Flexo Market News

www.nvpublications.com

20SEVEN - NEW

EXPANDED PROCESS CONSISTENCY

Flexibility

Traditional or ECG 7-color printing process Water- or solvent-based inks Ready for the future of packaging

Consistency

Repeatable, consistent quality Independent of operator skills and location of the plant

Profitability

Accurate process automation for minimized waste, increased cost efficiency, and easy manufacturing

www.bobst.com

Progressive Label Purchases Mark Andy Press Progressive Label Manufacturing, Commerce, Cali- fornia, has installed a new Mark Andy Performance Series Press. The company is going green with the new P-5 LED/UV technology. Owner Dave Carr started his packaging and label career more than 26 years ago and has pushed for a low carbon footprint before it became mainstream. Progressive Label Manufacturing plans to continue its tradition of eco-consciousness with the new in- vestment in the Performance Series. “Not only will the UV LED technology allow us to print food-safe labels, but we will be able to cut down on waste by more than 50 percent,” said Carr. Progressive said, as well, that it will be able to print four times faster with the new press. Carr said that Progressive Label has doubled in size in the last three years.This growth, assisted by a Mark Andy 2200, helped them reach the point where they decided to expand and update equipment. According to the research findings from Future Mar- ket Insights’ report, titled Smart Labels Market: Glob- al Industry Analysis and Opportunity Assessment, 2016–2026 , nearly 400,000 thousand units of smart labels sold globally by 2016 were accounted by Radio- Frequency Identification (RFID) technology, which amounted to an estimated $2,493.9 million. Surging demand for RFID tags in the global retail industry have instrumented the boost in sales of smart labels, globally. Furthermore, the advantages of RFID smart labels in maintaining, tracking and updating stock & inventory >Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16 Page 17 Page 18 Page 19 Page 20

Made with FlippingBook Annual report