Agfa-Gevaert Splits into Three Businesses
MORTSEL, BELGIUM—Agfa-Gevaert has been split into three independent businesses—Graphics, HealthCare and Materials. The new business, Materials, will group all of the film manufacturing activities with the niche products of Specialty Products and will be positioned as an independent supplier of film and related products.
According to the company, the new structure will give each business the maximum flexibility to implement its growth strategy and to further reduce costs. Agfa-Gevaert anticipates annual cost savings of an estimated 250 million Euro by 2008.
Agfa Graphics will continue to provide prepress solutions and service, and will expand in industrial inkjet and emerging markets.