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Kodak posts financial revenue of $315 million in third quarter

Kodak in November reported financial results for the third quarter 2019, including a net loss of $5mn on revenues of $315mn and growth in key print and film product areas.

The report highlighted – GAAP net loss of $5mn for the quarter ending in September 2019, compared to GAAP net earnings of $19mn for the quarter ending in September 2018; revenues for Q3 2019 of $315mn compared to revenues for Q3 2018 of $329mn; and, operational EBITDA for the quarter of $14mn compared to operational EBITDA of $9mn in the prior-year period.

During the quarter, Kodak finalized the establishment of a strategic relationship with Lucky HuaGuang Graphics in China, including the sale of Kodak’s offset printing plates facility in Xiamen, China, a supply

Heidelberg set to revamp its CX 75 and XL 75 speedmasters - PrintWeek MEA

Heidelberg is relaunching its B2 range of speedmasters with an ergonomic redesign engineered for user-friendliness and reduced operator workloads.

According to the company’s statement, the CX 75 and the industrial-level XL 75 will both be relaunched in this month, with a new ‘gallery concept’ carried over from the Speedmaster XL 106, allowing operators to move more efficiently across the presses’ gantries and eliminate fatigue, taking advantage of the larger working space between

Heidelberg gets new CFO: Marcus A. Wassenberg

The supervisory board of Heidelberg has appointed Marcus A. Wassenberg (52) as ordinary member of the management board and chief financial officer.

Wassenberg succeeds Dirk Kaliebe, who, as previously announced, will leave the company at his own request at the end of September and will be available for an orderly transition.

"We are very pleased to have gained Marcus Wassenberg as a leader with many years of leadership competence in the financial sector. With his experience in the mechanical

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