Inca Digital is developing an ink-jet press to print on corrugated materials for packaging and point-of-sale work.
It will be aimed at the white-faced board market for transit cases, and will be faster than the firms Eagle 44 with a projected speed of over 150m2 an hour.
A user has been signed up, but Inca refused to reveal the identity of the company until next summer.
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"Well done all involved... great to see the investment to increase the productivity in the same footprint- much more sustainable than popping another one up."
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"Does appear an odd decision as with that level of shareholder funds they would be liable for the staff redundancy and cover the insolvency costs. It’s not like they could take the money and dodge..."
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