Kodak to partner with China's HuaGuang

Kodak recently announced that it reached an agreement with Lucky HuaGuang Graphics Co. Ltd to establish a strategic relationship in China, including Hong Kong SAR, Macau SAR and Taiwan. With this partnership, Kodak seeks to increase the adoption of its Sonora plates in China.

"The Kodak/HuaGuang relationship will comprise an agreement for Kodak to sell its offset printing plates facility in Xiamen, China to HuaGuang. Under this supply agreement, HuaGuang will help Kodak fulfill its existing customer demand. There is also an IP agreement under which Kodak licenses its technology to HuaGuang to expand the market in China," said the company's statement.

This relationship will leverage the combined strength of HuaGuang’s market leadership

Study: Printed signage market value is $43bn

Smithers Pira’s latest market report ‘The Future of Printed Signage in an Electronic World to 2024’ shows a nip to $43.30 billion in 2019 in constant price terms.

The global market for printed signage in 2018 was valued at $43.34bn.  The printed signage market slightly declined by 0.3% year-on-year since 2014.

It is now forecast to recover value in the next five years when growth of 0.2% CAGR will see the market reach a value of $43.73bn in 2024.

There are number of key trends covered in this

Green award for Avery Dennison

An innovation from Avery Dennison that enables closed-loop PET recycling has won this year’s Finat Recycling and Sustainability award.

The CleanFlake portfolio enables production of high-quality recycled PET (rPET) from post-consumer bottles while maintaining visual impact and food contact approval. The portfolio is further reducing environmental impact by using recycled PET liner material.

Jeroen Diderich, vice president and general manager EMEA, said: “Finat is an important organization

Heidelberg makes its subs option modular

Heidelberg is now offering a more modular way for customers to use its subscription package and expects its “digital eco system” for printing industry services to eventually outstrip traditional machinery sales.

‘Johnny’ Gutenberg.Heidelberg CEO says: “There is no alternative to the ‘Heidelberg goes digital!’ strategy.”

At a recent analyst and investor conference, Heidelberg reaffirmed its financial performance in 2018/19 and cautious outlook for 2019/20, due to headwinds such as trade disputes