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25 August 2021
Agfa Offset Plate Division Sales Up 20%
BELGIAN—
Agfa’s Offset Division ( offset plates) made a profit in the second quarter, with sales up 20% and a near $13 million improvement compared to last year .Offset Solutions is Agfa’s biggest division and the subject of considerable scrutiny about its future, with moves in progress to turn it into a separate business and CEO Pascal Juery contemplating possible options including a sale or merger of the operation.
As part of its ongoing review of businesses and profit improvement plan Agfa has announced that it plans to shut down Spanish plates and CTP business Ipagsa, which it acquired just three years ago to add a lower-cost offering for “price sensitive markets”. Kodak one of Agfa's major competitors in the offset plate market recently reported increases sales of 36% and makes a profit.
Agfa Offset Plate Division is being spun off as a separate company
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Bought by Agfa three years ago is being closed
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