Personalised imaging: Eastman Kodak to announce buyer soon
COIMBATORE, FEB 25:
Eastman Kodak Company seems to be making good progress towards emergence from Chapter 11 bankruptcy.
The company, according to its Managing Director for India and South East Asia, Oscar Planas, will emerge from Chapter 11 before the close of the current calendar year. “We are in the final stage of negotiating the sale of Kodak’s personalised imaging business. We will announce the buyer in the next couple of months,” he said describing the progress the company had made towards reorganisation goals in the last 12 months.
Planas was in the city to inaugurate Print Hub’s (Coimbatore-based print centre) new colour digital printing facility
“The management’s decision to sell its personalised imaging (PI) and document imaging (DI) businesses is more or less through. The PI business consists of retail systems solutions, paper and output systems and event imaging solutions. The DI business provides scanners, capture software and services to enterprise customers. We will now focus on commercial imaging, which will include digital printing, functional printing and packaging,” he said, adding that “packaging will be a big focus area for us. We will continue to focus on offset printing as well”.
To a query on performance, Planas said, “We are seeing double-digit growth,” but declined to quantify the growth.
Yes, EK's making great progress. That is why they have asked for extension after extension after extension, and now the judge has said they have one final shot. I've said all along they will not have a plan than any sane person would sign up for.