Partnership for High-end Printing
KENNESAW, GA—Heidelberg, BASF and Sappi are combining their expertise to further improve their products for eight- to 12-color press technology. This partnership is in line with the industry’s drive towards providing products that satisfy the evolving needs of print specifiers and end users. The holdout of the inks, the stability and the print results of the paper, and the performance of the presses themselves are the key issues being addressed by the development team.
Flat Revenues Stall Banta Profits
MENASHA, WI—Banta Corp.’s sales for the third quarter were $352 million, equal to sales reported in the same period last year. Banta’s print sector reported lower sales and operating earnings in the third quarter than during the same period in 2002. Half of the decline in print sector earnings was attributable to the consumer catalog division’s delayed consolidation and modernization project.
Von Hoffmann Completes Deal
ST. LOUIS—Von Hoffmann Corp. has completed the previously announced acquisition of The Lehigh Press, headquartered in Pennsauken, NJ. Lehigh’s operating platform includes Lehigh Lithographers, which manufactures book components and provides digital premedia services, as well as Lehigh Direct, a leading direct marketing printer based in Broadview, IL.
CGX Reports Q2 Performance
HOUSTON—Consolidated Graphics’ second quarter revenues were $174.6 million, compared to $165.8 million in the June quarter and $181.8 million a year ago. Net income for the September quarter was $4.8 million, compared to $3.6 million in the June quarter and net income of $5.4 million a year ago.
Pollard Group Adds Komori Gear
TACOMA, WA—The Pollard Group has installed two new Komori presses: a four-color Lithrone 40 and a six-color Lithrone 28 perfector with in-line coater. Both new Komori presses employ Komori’s PDC-S scanning spectrodensitometer.
Standex Int’l Exits Printing
SALEM, NH—Standex International has tentatively decided to close its Cincinnati-based Standard Publishing division’s printing operations and cease its commercial printing business. The termination of operations is expected to be concluded by March 31, 2004. The action is expected to eliminate approximately 60 jobs.