Printer News

Purdue Printing Services (West Lafayette, Ind.) is about to cut its staff by nearly 70 percent due to fewer printing orders and a loss of revenue. According to Purdue, expenses at Purdue University Printing Services had outgrown money coming in over the last few years. 

"The operation was working effectively, but the work wasn't there," said Robert McMains, vice president for physical facilities. “We were looking at an estimated deficit of about $700,000 by the end of the fiscal year, and we couldn't afford that. The staff is talented and hardworking, but the demand for print materials has dropped dramatically."

Pittsburgh-based Printing Industries of America’s President and CEO Michael Makin issued an open letter to Costco Wholesale Corp. CEO Craig Jelinek yesterday, regarding an article in The Costco Connection with several misconceptions about the impact of paper on the environment.

Office product giants 3M and Avery Dennison announced Friday that the companies had reached an agreement to settle a series of lawsuits that had been ongoing since 2010.

Sussex, Wisconsin-based Quad/Graphics is strengthening its direct marketing platform and solutions this year with multimillion-dollar investments in mail processing and equipment, including creating two regional commingling centers to drive greater postal savings and efficiencies for direct mail marketers; investing in a new custom Web press and other equipment upgrades in its Effingham, Ill., plant; and adding print capabilities to its Westampton, N.J., plant.

Commercial printer Champion Industries Inc. has defaulted on its debt after failing to comply with a cash flow covenant and is now working with an investment bank and crisis manager to assess it restructuring options.

Rochester, New York-based Kodak closed its previously announced $848 million financing with members of the Steering Committee of the Second Lien Noteholders and other holders of Kodak’s Senior Secured Notes.

Domtar Corporation, one of the largest manufacturers and distributors of paper in North America, has signed, through its operating subsidiaries, an agreement to acquire Xerox's paper and print media products business in the United States and Canada.

Nanographic Printing technology—developed by Benny Landa—also called Nanography, differs from other printing technologies because it uses an innovative system and printing process that employs Landa NanoInk, a proprietary water-based ink with nano-pigment particles that measure tens of nanometers in size.

Employees of RR Donnelley (formerly Banta Publications) of Greenfield were informed that the company would be closing its Greenfield facility in 60 days.

Greenfield City Manager Ron Coffey told The Highland County Press that the local plant supervisor Brian McManus confirmed that was the case.

Foster City, California-based EFI, a world leader in customer-focused printing and packaging industry innovation, announced the launch of Fiery XF Version 5, a flexible and scalable high-speed digital front end and color management workflow for wide- to superwide-format production and proofing.