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Sensient Technologies Corporation has entered into a definitive agreement to sell 100% of its shares and certain other assets related to the production of inkjet inks by subsidiary Sensient Imaging Technologies, to Sun Chemical and its parent company, DIC Corporation.
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“These events have challenged us to think and action differently and become more innovative, creative and dynamic in our approach to our customers,” says Leigh Hooper, national manager display & visual, Ball & Doggett. "Ball & Doggett have an outstanding portfolio of media and substrates that are suitable across a number of COVID-19 signage requirements.”
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As the earnings season winds down, industry researcher Keypoint Intelligence has reviewed a selection of quarterly earnings figures to measure COVID-19’s impact on printing and imaging manufacturers over the first quarter of 2020. Revenues for Canon, HP, Konica Minolta, Ricoh, and Xerox all declined; however, "the general expectation is this next quarter will be the worst of it.”
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“While Q2 has been challenging, we have seen the strategy areas of agencies planning for increased activity as COVID-19 restrictions are eased further into Q3 and Q4,” oOh!media CEO Brendon Cook told the company’s Annual General Meeting held virtually on Friday.
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“Covid-19 has been incredibly challenging for all businesses and no-one will be immune from its impacts, but such crises create an environment for rapid innovation,” writes Alica Abrams of the New Zealand Sign & Display Association (NZSDA).
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Roland DG Australia has announced big savings with its new EOFY specials – including up to almost $4,000 on the TrueVIS VG2-640 and VG2-540. Customers who finance equipment over $10,000 with Roland Rental can also pay nothing for 3 months**.
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The inkjet print market is currently worth $80.4 billion and is expected to reach $118.2 billion in 2025, according to the latest Smithers’ report ‘The Future of Inkjet Printing to 2025’. Smithers identifies key trends and drivers leading to inkjet printing growth.
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The design and quality of the labels entered into New Zealand’s premiere printing industry event has wowed judges who said this year’s entries set a new benchmark. Labels made up the largest category in Pride In Print 2020, receiving almost double the number that were submitted last year.
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In February, Fuji Xerox - soon to change its name to Fujifilm Business Innovations - completed its $140 million acquisition of IT and print facility provider CSG. As CSG is integrated into FXA, from May 25 on, a 'small number' of positions will be eliminated.
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Any doubts about how well the industry would embrace its first virtual expo have been eclipsed with more than 1600 people visiting the Print, Sign, Display & Graphics Virtual Trade Show on its first day yesterday, and orders already notified by some exhibitors.
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The industry’s first online expo, the Print, Sign, Display & Graphics Virtual Trade Show, has gone live, opening its virtual doors this morning to provide a wealth of resources on trends, technologies, innovations, product demonstrations, expert commentary and a full webinar program to industry professionals.
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HP and subsidiaries announced fiscal 2020 second quarter net revenue of $12.5 billion, down 11.2% from the prior-year period, with $0.4 billion returned to shareholders. “The COVID-19 pandemic has created unprecedented global health and economic challenges,” said a company statement.
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The Australian Sign & Graphics Association (ASGA) has issued a bulletin to members titled 'The Casual vs Part-Time Employee Distinction ... Chaos Reigns!' that provides “important information for those companies which use casual employees” following the Federal Court ruling that ongoing casual workers are entitled to paid sick leave and annual leave.
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Innovation may be the last thing on the minds of sign business owners as they reopen after COVID-19 restrictions, but with sources of capital under pressure like never before, some sign companies are reinventing themselves, writes Melissa Coutts of the New Zealand Sign & Display Association (NZSDA).
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Onyx Graphics says its new ONYX Automation Libraries will help print shops to automate faster, improve print workflow efficiencies and reduce manual errors. The libraries Include example Quick Sets for banners, wraps and a variety of finishing mark settings.
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Commercial printer Clarke Murphy Print has teamed up with the NRL to produce hundreds of corflute cut-outs of fans to fill empty stadiums following the re-opening of the season last Thursday. Fan in the Stand is expected to be rolled out further in coming weeks.
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HP Australia’s new Large Format Academy webinar on Latex True Print & Cut solutions is hosted by Kevin Gregory, application specialist, large format printing, HP Australia (Thursday 4 June 11am AEST/ 1pm NZST.). Spaces are limited.
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The inaugural Visual Connections Virtual Trade Show (31 May-30 Sept) is underway, with Epson introducing a range of new product videos and offering free gifts including a $200 Epson online voucher for the first 20 registrations to attend a printer demo.
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Ricoh has introduced a new industrial inkjet printhead, the RICOH TH5241 - the first Ricoh printhead that uses a thin film piezo actuator*1(PZT) - which will be available globally from June 1st, 2020. “There is an increasing demand to meet a variety of customer needs for sign graphics and textiles such as smaller run sizes and shorter delivery times," the company says.
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Canon Australia has introduced the company's new imagePROGRAF TA-20 wide-format colour inkjet printer that was rolled out in the US earlier this month. The 24″ wide system, with scan-to-copy and file, is designed for low-volume, entry-level customers.
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“These severe situations influenced by COVID-19 are expected to continue and we need to pay close attention to the risk of a downturn in the domestic and overseas economies,” said Fujifilm president Kenji Sukeno.
- CHILI publisher 6 expands on-brand content options
- Fuji Xerox NZ to axe 100 jobs: report
- PacPrint Melbourne moves to September 2021
- Historic manufacturing downturn in April: printing sector amongst worst hit
- SCREEN in major move further into digital Packaging Print using inkjet
- Dislocation moves the market in our direction: Kornit Digital
- #SendingLove – world’s largest user-generated DOOH campaign across 153 cities
- The Colour Doctor has a Covid Sale - Spectros, densos, monitors etc half price
- Large Format Academy HP Latex webinar: Thursday 28 May
- Fast-growing OMG! acquires Adherettes name
- Epson makes face masks using its Dry Fibre paper technology
- Employers say ‘double-dipping’ ruling could cost billions
- Free guide for Wrap Shops from ISA and Keypoint Intelligence
- RMC releases Mental Wellness webinar video
- Drytac floor and wall graphics helping businesses to reopen
- Euro Poles, Eurotech and Curries join Virtual Visual Impact trade show
- Most printers expect 50% drop in sales for the next six months
- Konica Minolta reports sales dive in March but remains "stronger than expected"
- ‘Kindness' shines on OMA Out of Home awards
- Roland DG launches ‘Power of Creativity’ website for support during COVID-19