PrintCAN News RSS http://www.printcan.com/rss/news.php PrintCAN RSS en-us Sat, 04 Apr 2020 05:10:54 UTC Sat, 4 Apr 2020 01:09:49 EST http://www.printcan.com info@printcan.com webmaster@northisland.ca Students Learn Better From Printed Books Study Finds http://www.printcan.com/news/2020/20200401030.shtml Wed, 1 Apr 2020 19:44:01 EST Printed books beat computer screens  Norwegian study on reading texts on paper versus computer screen and  effects on reading comprehension. Educational reading assessment is increasingly digitized. They compared comprehension of linear texts read on paper and computer screen.  Students reading print performed better than students reading on screen.  Certain features of digitized text display may impede aspects of reading comprehension. PIA Economic Report For The Printing Industry http://www.printcan.com/news/2020/20200401994.shtml Wed, 1 Apr 2020 18:52:28 EST    The key economic question as we approach mid year is external risks abound the  uncertain  spread and impact of the coronavirus, supply chain disruptions from the virus, trade tensions, a price war on oil,the aging of the expansion. Our current economic dashboard signifies the chance of a recession in the economy in the next 12 months at 30 percent. At the same time the chance of a slowing but still growing sluggish scenario is 35 per cent. In total, the likelihood of a decline, no growth, or very slow growth is almost 70 percent. Heidelberg Announces Layoff Of Up To 2000 http://www.printcan.com/news/2020/20200401856.shtml Wed, 1 Apr 2020 15:33:16 EST Rainer Hundsdorfer CEO of Heidelberg  Heidelberg has begun to implement a wide-ranging “action package” to restore profitability that will see up to 2,000 jobs lost and possible plant closures. Heidelberg has about 11,000 employees worldwide. The new strategy, named by the company as “painful changes”, will be put in motion to refocus the German manufacturer on its most profitable business units. CPIA Statement On COVID-19 http://www.printcan.com/news/2020/20200401827.shtml Wed, 1 Apr 2020 14:51:49 EST   We are facing an unprecedented moment for the printing industry in Canada as organizations grapple with protecting staff and families from the spread of COVID-19, while working to mitigate the economic impact the outbreak is having on their business. There is significant concern among our industry members of the short and long-term impacts the COVID- 19 outbreak will have on the overall health of our industry. We recognize that the CPIA has an important role to play in engaging our Federal Government on our collective economic importance and interests. Xerox Kills $34 Billion HP takeover http://www.printcan.com/news/2020/20200401819.shtml Wed, 1 Apr 2020 14:40:04 EST HP's Canadian head office in Mississauga  Xerox announced  that it would be dropping its hostile takeover bid of HP. The war began last fall with  increasingly angry letters between the two companies, and confrontational actions from Xerox, including an attempt to take over the HP board that had rejected its takeover overtures. FESPA New Dates For Global Expo and Sign Expo http://www.printcan.com/news/2020/20200325785.shtml Tue, 24 Mar 2020 13:51:17 EST More rescheduled industry trade shows for October Fespa has secured a new autumn date for this year’s Global Expo, following its decision to postpone next week's event earlier this month due to the coronavirus crisis. Fespa’s flagship event, alongside co-located events, European Sign Expo and Sportswear Pro, had been due to take place at the IFEMA Madrid from 24 to 27 March 2020. The events will now take place at the same venue on 6-8 October 2020. Xerox Buys Two More Dealers http://www.printcan.com/news/2020/20200325770.shtml Wed, 25 Mar 2020 13:29:18 EST Xerox has bought 5 dealers in the last two years. Xerox has acquired two leading services and technology providers, Altodigital and ITEC Connect. Altodigital and ITEC are both  in managed print services and specialists in IT services, an area into which Xerox is rapidly expanding .This is the fourth  acquisition targeting the  SMB market this year. In January, Xerox announced the purchase of Arena Group, which provides office technology, software, solutions and services. Xerox's Supply Chain In Jeopardy If HP Deal Happens http://www.printcan.com/news/2020/20200325752.shtml Wed, 25 Mar 2020 13:03:22 EST Major competitor to Xerox and a major supplier to HP It has  been reported that Canon will cut its ties with HP Inc if the hostile takeover bid launched by Xerox is successful. Canon CEO Fujio Matarai is quoted as saying that a takeover by Xerox would create a company rivalling Canon’s own business. HP buys laser printer components from Canon, and is one of the Japanese manufacturer’s biggest customers. The relationship, which involves sharing of technology and IP, is based on trust between the companies’ top management, Matarai adds. 2nd Skin Acquires Id Pro Screen-Printing Plant http://www.printcan.com/news/2020/20200325733.shtml Wed, 25 Mar 2020 12:36:46 EST Sold screen printing division 2nd Skin  announce that it recently acquired the textile division of Id pro, a major screen?printing production center. With this new acquisition, 2nd Skin is now the largest textile printing company in Eastern Canada and is looking to expand into the rest of the country. The acquisition has significantly increased 2nd Skin's production capacity. With nine automatic screen?printing presses in a new 17,000 sq. ft. plant, Heather Black Joins Connecting for Results http://www.printcan.com/news/2020/20200324919.shtml Tue, 24 Mar 2020 17:04:04 EST Heather Black has a long history of working in recruiting in the printing industry  To meet demand from its growing customer base, Connecting for Results Inc., has engaged Heather Black. Heather has been successful in helping both employees and employers manage the transitions in customer needs and digital applications. She has managed the full spectrum of functions in Printing/Graphics Arts/Graphic Communications, which gives her in-depth insight into the Printing Part of Essential Services , Covid-19 http://www.printcan.com/news/2020/20200324886.shtml Tue, 24 Mar 2020 16:17:03 EST Printing industry part of essential services supply chain Ontario and Quebec are closing all non essential business because of the Covid-19 pandemic . Only essential services will be allowed to stay open and those companies that supply them. Packaging and direct mail have been named  directly and because the printing industry supplies almost all of the business listed as essential, it is assumed all printers are included . PrintCAN has received notices from a lot of printers telling their customers they will be remaining open. Trico Sold to Former General Manager http://www.printcan.com/news/2020/20200319057.shtml Wed, 18 Mar 2020 20:23:22 EST Michael Hothi new President and owner of Trico Packaging and Print Solutions Michael Hothi, the former general manager of Trico Evolution, purchased the business’s assets in a deal that closed in late February. The company has a  a staff of 45 , three 40 sheet fed presses, 2 stitches, a perfect  binder and  mailing equipment . Sales are in the $6 to $8 million range. Michael Hothi was brought on as Sales Manager in 2018 , later became General Manager and then bought the company in 2020. The company has been renamed Trico Packaging and Print Solutions. Scholarships Now Available For College Ahuntsic http://www.printcan.com/news/2020/20200318012.shtml Wed, 18 Mar 2020 19:17:18 EST College Ahuntsic in Quebec  Starting in September 2020, Canadian Print Scholarships be awarding two 1st year students $1,500 scholarships. There will be one scholarship in each of the these Collège Ahuntsic programs: Printing Techniques Program and Premedia Infographic Program. Providing they meet  academic criteria, students will continue to receive scholarships in subsequent years of study. Heidelberg to Discontinue Primefire , XL 140 and XL 162 Presses http://www.printcan.com/news/2020/20200318997.shtml Wed, 18 Mar 2020 18:56:53 EST Primefire 106 production to be discontinued  Heidelberg will be discontinuing several  of unprofitable businesses as well as sharp cuts in production costs and structural costs . Production of “Primefire” and “very-large-format presses ” will be stopped. In digital printing, the market for the Primefire 106 product has grown much more slowly than expected . Similarly, in sheetfed offset printing, the very-large-format presses including the 56" and 64"  range has fallen  well short of  targets. Xerox halts HP takeover bid as COVID-19 escalates http://www.printcan.com/news/2020/20200318891.shtml Wed, 18 Mar 2020 16:23:38 EST With the drop in stock prices, the Xerox HP numbers are out of sink Xerox has postponed activity relating to its hostile takeover bid of HP in light of the escalating coronavirus pandemic.Xerox added it does not consider the market decline since the date of its offer or the temporary suspension of trading in HP shares that occurred on 10 and 12 March as a result of market-wide circuit breakers procedures to constitute a failure of any condition to its offer to acquire HP.