12 August 2020

PICKERING, ONTARIO— 

Formally Web Offset Publications and Ironstone Media
Formally Web Offset Publications and Ironstone Media
Renaissance Printing went into bankruptcy at the end of July. The web magazine and catalogue printer  has closed it's doors for good. . The company had a full heat set web and a 40' six colour sheet fed. They also had  bought a perfect binder, polybagging  and mailing equipment. Estimated sales of between $16 and $18 million with a staff of 83. The company has had sorted history .

12 August 2020

NORWALK, CONN—

 
Xerox is talking on an additiopnal debt of $162 million at higher rates . Xerox  is  offering of $550 million amount of 5.000% senior notes due 2025 and $550 million amount of 5.500% senior notes due 2028.

12 August 2020

PORT HURON—

Port Huron Mill manufactured uncoated freesheet papers
Port Huron Mill manufactured uncoated freesheet papers
 Domtar Paper has announcing that they plan to permanently close 100 year old paper Port Huron mill. The mills has capacity of 95,000 short tons and produces  variety of  uncoated  free sheets of technical and specialty papers.  Port Huron’s mill as well three other Domtar facilities in the US are expected to close in the first quarter of 2021, affecting 780 employees in total.

12 August 2020

GERMANY—

Rainer Hundsdorfer CEO of Heidelberg
Rainer Hundsdorfer CEO of Heidelberg
Heidelberg  plans to pay back the remaining $177 million US on the bonds, which has a interest rate of 8% .The bonds were originally due to mature in 2022. Heidelberg is able to make the payback from its cash reserves from the the $354 million US  reserve transferred out of its pension scheme earlier this year, and the sale of Gallus last month.

12 August 2020

ROCHESTER . NEW YORK—

 
Maze ransomware operators published internal data from  Xerox after the company did not pay the ransom.  Maze ransomware operators have published tens of 25.8 GB  internal data allegedly stolen from  Xerox following failed extortion attempts. Xerox did not disclose the cyberattack, but early June the Maze ransomware operators published some screenshots that showed that a Xerox domain has been encrypted.

5 August 2020

TORONTO—

The new Toronto Print Solutions
The new Toronto Print Solutions
Trade Secret Web Printing is now Toronto Print Solutions Inc. The company has been operating under the Toronto Print Solutions ( TPS) name for several months. Trade Secrets had filed for creditor protection back November of 2019. The assets of the company were sold  in February . A proposal to creditors was made in late March. The proposal offered creditors  five cents on the dollar after the CRA was paid ( CRA was owed $1.25 million).

5 August 2020

SCHAUMBURG, ILLINOIS— 

On the raise because of Covid-19 demand
On the raise because of Covid-19 demand
 INX International Ink Co. has informed customers in North America of a price increase on all solvent inks and coatings, effective September 1.  INX claims despite efforts to absorb costs, the ongoing COVID-19 pandemic has left management no choice. The expense to manufacture solvents, especially alcohols used in the production of critical sanitizers and medical initiatives to fight the virus, has risen sharply this year.

5 August 2020

ST. LOUIS, MISSOURI—

The largest user group  event in the industry
The largest user group event in the industry
The largest community of HP Graphic Arts users in the world will come together May 16 -18, 2021 in person at the America's Center convention center in St. Louis, Missouri, USA. DScoop  in Orlando 2020 was postponed from March 29 due to COVID-19. The rescheduled event, Dscoop Edge Fusion  will be a  blend of in-person and online activities, live and livestreamed, for a global "hybrid" experience.

5 August 2020

CHICAGO—

LSC Mississauga Canada location
LSC Mississauga Canada location
LSC second quarter net sales were $532 million, down $337 million, or 38.8%, from  2019.  Net loss of $63 million, compared to net loss of $25 million in 2019. Second quarter net sales in Magazines, Catalogs and Logistics were $214 million, a decrease of 43.8%, from  2019.  Book were $198 million, a decrease of 31.7% from the second quarter of 2019. Cash balance of $97 million as of June 30, 2020, LSC claims will provide sufficient liquidity to continue to fund ongoing operations 

5 August 2020

GERMANY—

Creating an industry standard platform
Creating an industry standard platform
Zaikio's Mission Control is the print shop’s digital control center. All data is received here in a standardized form and can be read, edited, and restored by other apps. The result is straightforward, standardized data exchange between software, hardware, and the partners involved, which creates the basis for end-to-end automated process chains. Zaikio unites all industry players on a single platform using three key elements.

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