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IVE Group reported $20.9 million in net profit for the first half of FY22, after a 12% increase in revenue to $382 million, despite uncertain conditions caused by Covid and supply chain challenges. IVE's recently acquired wide format businesses Active and AFI Branding are on track to generate $45 million a year in revenue.
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Print giant says the business environment surrounding the company has changed "dramatically” since the Covid outbreak. In naming Toshimitsu Taiko as its new president and CEO, Konica Minolta said turning around its core businesses of office and production print was now “an urgent management issue.”
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The first major industry event for two years kicks off today in Melbourne at the same venue as June's PacPrint. The Flexographic Label & Packaging Manufacturers Association has pulled out all stops to stage its twice-postponed Conference and Technical Forum over two days.
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The Outdoor Media Association has released category breakdowns from its full year revenue results that were announced early this month - showing that digital (DOOH) revenue now accounts for 58.8% of net outdoor revenue.
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Ovato's statutory profit for the half-year ended 31 December 2021 was $17.6m, up $27.3m compared to the prior year. Sales of $161.4m were down $75.2m pcp [or 31.8%] - with $55.3m of the reduction due to the sale of its marketing services and magazine distribution businesses and the closure of its letterbox distribution unit in Australia.
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Sydney-based packing and labelling specialist Luminar has expanded its digital printing operations with the installation of a Screen Truepress Jet L350UV Inkjet press, supplied through Jet Technologies.
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Self-adhesive films manufacturer Hexis will feature its Hex’perience free online library of large format high definition printing or cutting patterns at PacPrint in Melbourne in June.
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Electronics For Imaging (EFI) has received two European Digital Press (EDP) Awards from the European graphics arts trade press, a technical awards program that recognizes innovative advancements in digital print production.
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Enfocus, a leader in PDF quality control, advanced PDF editing and workflow automation for the graphic arts industry, says a platform update for its popular BoardingPass includes white overprint support and allows customer-facing staff to instantly validate PDF files for print.
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Taylor Print & Visual Impressions, part of the AUD$4.5 billion Taylor group, has been awarded a US patent for its X-1 SEG display system that makes changing the soft textile graphics quick and easy, thereby maximising ROI and future-proofing the portable display stand investment.
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The liquidator, Shane Deane of Dye&Co, of failed Melbourne print group Waratah Group - the convoluted Group of several printers that went bust in March 2020 owing an estimated $22 million amid claims of corruption and backhanders - has lodged a wind-up application on Oakleigh, Vic family printer Genuine Print. With larger targets such as Australia Post, Spotlight Group and St Vincent's Hospital disputing phantom invoices, it appears that the liquidator is going for a 'soft' target.
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For your calendar if you reside in NSW! Following the success of February's Melbourne event, trade association FESPA will host a similar event in Sydney during March.
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Outdoor company oOh!media - owner of wide format business Cactus Imaging - says the continuing recovery in Out of Home audiences delivered an 18% lift in revenue to $504 million for the year ended 31 December 2021, with earnings before tax up 24% to $77.6m (compared to the prior year). Reported loss after tax was $10.3m, compared to loss of $36.2m in the prior year.
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Following the success of the inaugural event, the US-based PRINTING United Alliance has announced dates for the second annual Wide-format Summit, taking place July 25-27, 2022, at the PGA National Resort in Palm Beach Gardens, Florida. The live event will focus on technologies including soft signage and production display graphics.
- printIQ invests heavily in US and global markets
- oOh! partners Gay & Lesbian Mardi Gras, extends Qantas deal
- Mimaki & Fogra aim for new ISO standard in textile printing
- ACCC joins global investigation of price fixing in supply chains
- More employee theft: former Civic Outdoor executive charged in $200,000 rort
- Sonia Shwabsky joins Kwik Kopy as CEO
- Ricoh launches Its first plant-based inkjet ink
- Triple EDM Awards for Zünd automated cutting tools
- Success of African Sign Expo is a boost for PacPrint/Visual Impact
- Covid claims Signex – liquidators appointed
- CMYKhub to showcase Design Desk at PacPrint
- Kornit Digital reports record Q4 & full-year results
- swissQprint Nyala 4 flatbed printer wins EDP award
- ASGA switches the venue of its AGM
- NUtec Digital Ink expands its eco-solvent range
