AgfaPhoto Begins Reorganization Stage of Insolvency Proceedings
Ridgefield Park, NJ-The North American operating unit of AgfaPhoto recently announced that its parent company, AgfaPhoto GmbH of Leverkusen, Germany, has completed the first stage of insolvency proceedings initiated in a Cologne district court in late May. Under a plan of reorganization, comparable to a Chapter-11 reorganization in the U.S., AgfaPhoto GmbH will now begin restructuring its operations and finances with the intention of emerging from insolvency in the next 60 to 90 days.
As ascertained in the evaluation of a court-appointed administrator, AgfaPhoto is a viable company that is capable of succeeding in the marketplace once it has reorganized to reduce its debt, strengthen its balance sheet and improve its liquidity. Accordingly, operational oversight of the company now returns to its new board of management, with the court administrator assuming an advisory role.
As we go forward in the reorganization, we will achieve the solid financial base needed for long-term growth and success," said Bing Liem, AgfaPhoto USA Corporation president and CEO."The restructured organization will enhance value for our stakeholders by providing the financial flexibility to make appropriate investments in our operations, to leverage new opportunities in the marketplace, and to innovate our leading customer service capabilities."
We appreciate the support of our investors, customers, partners and employees during the reorganization and look forward to building our leadership position in the photo industry," added Liem.
Liem noted that as part of the reorganization, AgfaPhoto GmbH will reduce employee headcounts in its German headquarters and production facilities. However, the company will continue to make its full line of products and services available to customers."We are in normal production mode with our entire product portfolio, and we are responding quickly to customer orders and requests," he said."Products are shipping, and our Customer Care Center is also fully staffed to provide the comprehensive sales, technical support, training and other services that our customers expect."
Durst Cuts Ribbon on New Facility For LFI Equipment Production and R&D
Lienz, Austria- With community officials and press from around the world on hand, Durst PhotoTechnik AG recently officially opened the doors to a newly expanded multimillion-dollar facility that doubles the size of its current large-format inkjet printer production operations here and provides state-of-the-art work space for the company's manufacturing and R&D activities.
The project, initiated in the spring of 2004, adds approximately 3,800 square meters (41,000 square feet) to the Lienz plant, where Durst produces its line of Rho UV flatbed inkjet printers as well as related equipment. According to the company, additional space accommodates Durst's growing R&D work in various aspects of high-quality, production inkjet printing that address a broad variety of applications such as Durst's third generation of flatbed UV inkjet printers equipped with proprietary Quadro Array print head technology.
This expansion illustrates Durst's determination to pursue, identify and produce the best possible imaging solutions, and the growing adoption of our solutions by discriminating imaging professionals all around the world," said Dr. Richard Piock, managing director of Durst."We'll continue to aggressively pursue excellence in imaging to the benefit of our customers, and their customers."
The new production facilities designed to meet increasing worldwide demand for more, and more advanced, large-format inkjet printing equipment feature advanced, rail-based production lines similar to those found in high-tech automotive plants. Emphasis was placed on workflow efficiencies and the proper integration of workstations.
Noritsu Expands Wide-Format Printer Product Line
Buena Park, CA-Noritsu America Corporation announced the latest addition to the company's MYTIS wide-format printer line - the MYTIS-1SP. The MYTIS-1SP utilizes a 6-color, inkjet printing system that uses a special dispersion dye ink sublimation process to produce photo-quality, outdoor-durable images. The MYTIS-1SP is capable of printing to a width of 48-inches at print speeds of 160 square feet per hour with a print resolution of up to 720 x 720 dpi.
The MYTIS-1SP uses a similar inkjet printing system to the MYTIS-1 but features separate components for the printing and heating process. An efficient workflow is achieved with a separate printing and heat process allowing two different jobs to be run simultaneously.
Prints produced on the MYTIS-1SP require no lamination or edge sealing. The special media that the MYTIS-1SP uses has a protective fluorine layer that allows inks to pass through, but becomes sealed during the heat processing state. Prints from the Noritsu MYTIS-1 are weather, water and graffiti resistant and have a three to five year outdoor life.
A variety of weather resistant polyester based media is available including: White Vision Film This film features is ideal for indoor/outdoor posters, advertisements, point-of-purchase displays and tradeshow signage. Backlit Vision Film The ultimate choice for illuminated signs, Backlit Vision Film brings images to life and brilliantly showcases colors when lit from behind. Effective during the day and at night, Backlit Vision can be used in indoor/outdoor signs and billboards. Trans Vision Film This film can transform any piece of transparent glass into an impressive medium for displaying images, advertisements or other promotional messages. Metallic Vision With its glossy finish and distinctive shimmering metallic appearance, Metallic Vision is well suited for applications where a dramatic presentation is desired. Reflective Vision By day, Reflective Vision media delivers crisp images with vivid colors with a glossy finish. By night, this media reflects direct light sources, producing strikingprinted images.
Mitsubishi Digital Rolls Out DPS Kiosk
Irvine, CA-Mitsubishi Digital Electronics America's Photo Imaging Division has introduced the DPS (Digital Photo Service) Kiosk. The DPS Kiosk allows minilabs and retailers across industries to grow their businesses and better serve their customers by adding advanced photo processing capabilities via this turnkey, easily managed photo processing center. The DPS Kiosk is a powerful profit center for processing facilities or any retail location that seeks to provide easy, convenient digital photo processing to its customers.