Sales of graphic art products to its Kodak Polychrome Graphics (KPG) joint venture were down 9%, which Kodak attributed to "volume declines in graphic arts film", largely brought on by its replacement by digital technology. But KPG contributed positive earnings to Kodaks "other income and charges".
Overall sales for commercial imaging fell 2% to 234m ($364m), with US commercial imaging segment sales down 3% on the same period last year to 131m.
But the company said its NexPress joint venture with Heidelberg was proceeding as planned, with approximately 100 units sold by June.
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""longer run litho work had “now returned to the Far East”?
Is this happening a lot?"
"Thanks Jo, look forward to reading it in due course. Administrators generally argue that they need to act with lightning speed in order to protect the business/jobs, thereby overlooking the fact that..."
"Hello Keith,
The details will be in the administrators' report but that's not available yet. I will write a follow-up piece when that's filed.
Best regards,
Jo"
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