19 August 2020
Kodak's $765 million Government Loan Put On Hold
ROCHESTER . NEW YORK— 
Rochester Plant
Rochester Plant
Kodak’s multi-million dollar loan deal with the US government has been put on hold pending an investigation by the House of Representatives . A investigation  into  the $765m  loan deal, including executive share purchases made just prior to the announcement. The news  about the government loan  resulted in a huge increase in Kodak’s share price. The US Government said that it would not proceed with the loan until the allegations, which had raised “serious concerns”, were cleared.
 
 At the end of July Kodak announced they were  moving into pharmaceutical manufacturing with  US government backing. Kodak will  be revamping it's facilities in Rochester and St Paul for the new  Pharmaceuticals operation, which will make ingredients for generic pharmaceuticals,  components  Which the US Government said is  critical to the American people and US national security.
Comments:
NEW ON THE JOB BOARD | RSS
LATEST USED EQUIPMENT | RSS
Total Used Equipment Listings: 33
CLICK HERE to list your equipment
CLASSIFIED | RSS
Company for sale
Company wanted
CLICK HERE to list your business opportunity in the printing industry
Most Recent News Comment
Shane says:
I guess I'm getting old. When I was a kid and still eating Smarties the only way they came was in a ...
North Island Publishing PrintCAN Print Jobs Canada’s Estimators' & Buyers' Guide MastheadOnline PaperFinder Print World 2010 Design City
Graphic Monthly Print Equipment gutenbergs' guide COPA industrial print