News

Stora Ensos outlook remains bleak, according to chief executive Jukka Hrml after the group reported interim results for January to June 2001 in line with its forecasts.

Abitibi-Consolidateds second-quarter net earnings rose 77% to 49.4m (CAD$108m) as a result of cost reductions, synergy programmes and capacity closures. Sales rose too, from 677m to 707m.

SR Communications has won a 1.25m contract for at least 180m worth of scratchcards.

Sun Chemical has appointed an outsider as the heir apparent to worldwide chief Henri Dyner, and has promoted a raft of senior European executives.

Anthony Riley, the former British Paper Company mill manager, is heading a new management company for Frogmore Mill.

The Donside saga appeared to be drawing to a close last week as a proposed management buyout collapsed.

Pressteks second-quarter net income slumped 81% due to losses incurred at its Lasertel subsidiary.

Xerox president and chief operating officer Anne Mulcahy has stepped up to become chief executive.

Encad is hoping to turn about its disappointing second-quarter results with a cost-cutting programme and the launch of a new low-cost large-format printer.

IBM is upping the stakes in high-speed digital printing with the launch of a new Infoprint that it claims can print four times faster than rivals and at cheaper cost.

Global Graphics has shed 54 staff from its hardware division in the UK and US in the second quarter as part of cost-saving measures.

Inveresk group finance director Gerard Cassels is to leave the company to take up a new job outside the paper industry.

KBA aims to give fresh impetus to the selling potential of Karat presses after making Michael Grieger its national sales manager for UK and Irish markets.

DPconnect allows users of Xeroxs DigiPath front-end workflow system for high-volume black-and-white digital printers to drive its own Demandstream printers.

Screen has launched a new version of its Trueflow digital workflow software, which allows input of multiple jobs at the same time, the firm said.