Catalyst Paper’s earnings, before interest, taxes, depreciation and amortization, was down in its fourth quarter to $6.8 million from $8.0 million in the third quarter. The company reported a net loss, excluding specific items of $10.4 million in its fourth quarter compared to $10.8 million in its third.
The results were a due to increased manufacturing expenses, including higher rates for electricity, the indefinite curtailment of Paper Machine No.9 at the Powell River mill and the acquisition of the Biron paper mill in Wisconsin and the Rumford pulp and paper mill in Maine. >> continued
Fastsigns, an independently owned and operated sign, graphic and visual communications company, has invested in a new Esko Kongsberg V Finishing table. The addition will bring in-house many of the cutting and routing tasks that had been subcontracted out to complete.
Transcontinental’s revenue increased by 1.1% in its first quarter to $504.6 million from $499.3 million. The increase is attributed to the acquisition of Capri Packaging and the Quebec newspapers from Sun Media Corporation. Transcontinental also signed a new printing and distribution agreement in 2014 that contributed to the revenues increase.
This growth in revenues was mitigated by disposals and closures, specifically the sale of Rastar's assets, a reduction in marketing products printing activities, a transitional slowdown in flyer printing activities in the United States and, to a lesser extent, in Canada, and challenging market conditions for advertising spending.
Chinese manufacturer CRON and ECRM have formed a joint venture to sell CRON’s CTP product line in North America and Mexico. The new company, CRON-ECRM cut the ribbon on its North American headquarters and showroom in Tewskbury, Mass., earlier this week with CRON founder and board chairman Mike Xiang, ECRM executives, and local and state dignitaries in attendance.
“While others look to digital, CRON will focus on CTP. There are hundreds of thousands of offset presses in the world that will keep working for a long time to come and they will need CTP,” said Xiang. Mike Xiang founded CRON 20 years ago >> continued
Inkjet presses popped into our collective consciousness about seven years ago, at Drupa 2008. It was then that HP released it T-Series web presses, Kodak literally unveiled the Prosper (the press was kept behind a curtain which was lifted for presentations a few times a day), Fujifilm showed a prototype of its J Press 720, and Screen presented its Truepress JetSX.
Delphax Technologies Canada Limited, a global provider of high-speed digital printing equipment, is installing an elan 500 cut sheet MICR inkjet press, for Public Works and Government Services Canada in Quebec City.
manroland’s ROLAND 700 Evolution press is the winner of a 2015 Red Dot Award for product design. Launched at the end of 2014, the 700 features an ergonomic operating user interface with touch-screen controls, Direct Drive technology, and feeder, delivery and dampening units specially designed for high-speed production.