Printer News

The Müller Martini Group is suffering from the difficult economic conditions and continuing structural change in the graphics industry. Although Müller Martini has successfully preserved its position as a market leader, revenues have fallen massively over the last four years.

RR Donnelley reset its 52-week high and has pocketed a 55 percent gain for the year to date. That’s more than quadruple the broader market’s climb. Not bad for a company that got on Google’s bad side.

In case you forgot: On Oct. 18, 2012, the Internet and investors suddenly began freaking out about a Google earnings report that was accidentally released early. The statement came out three hours before schedule and featured the much-mocked filler text “PENDING LARRY QUOTE.”

Google pointed a finger at its financial printer: RR Donnelley.

Memphis, Tennessee-based International Paper published its 2012 Sustainability Report, revealing progress against its voluntary goals including certified fiber use, greenhouse gas (GHG) emission reductions and water quality improvement.

Mohawk announced the launch of Mohawk Live, a new mobile app powered by HP Aurasma augmented reality technology.

Printing Industries of America President and CEO Michael Makin issued the following notice to its membership.

Eastman Kodak Company has reached agreements with leading financial institutions J.P. Morgan, Bank of America Merrill Lynch, and Barclays to arrange new post-emergence credit facilities of up to $895 million.

Houston-based Consolidated Graphics Inc. has entered into a letter of intent to acquire Universal Printing Company. Terms of the transaction were not disclosed.

Trucks loaded with scrap metal that has been removed from inside the Newton Falls Fine Paper Mill (in Newton Falls, NY) are a regular sight as mill owners, Scotia Investments, continue dismantling the mill's paper machines and proceed with scrapping operations.

"It's sad for the whole community. It's gonna have a terrible effect on the community in the coming years," said Mark Hall, town of Fine supervisor.

Despite the paper mill's demise, officials say a plan to use nearly $10 million to rehabilitate a 46-mile railroad line running through St. Lawrence, Lewis and Jefferson Counties has not been scrapped.

Henry Diehm, 65, appeared before Rensselaer County Judge Debra Young and pleaded guilty to third-degree grand larceny. Diehm handled the books for Curtis Printing on Columbia Turnpike (East Greenbush, NY) for 15 years until he was arrested in April 2012.

If he pays full restitution to business owner Richard Lieberman by the Aug. 19 sentencing date, Diehm will receive five years' probation. If not, he faces a six-month jail term and five years' probation, District Attorney Richard McNally said.

A Simi Valley pharmaceutical printing company is challenging language in a congressional bill that would eliminate paper drug inserts for health care professionals and cut into its business.

Tacked onto a bipartisan House bill focused on protecting America's pharmaceutical distribution chain from counterfeits is a section that would limit the availability of printed prescription drug information for health care professionals.