Mystery surrounds Ovato Warwick Farm redundancies
It is well-known that Ovato (formerly IPMG and PMP combined), is undergoing a major restructure but some employees made 'redundant' by the ASX-listed company are perplexed that their positions are being advertised again.
100 exhibitors signed up so far for virtual.drupa in April
Companies including Leonhard Kurz, Bobst, Esko, Kama, Konica Minolta, Kyocera, Müller Martini, Windmöller & Hölscher and DuPont de Nemours are designing new online showrooms ahead of the inaugural virtual.drupa trade show in April.
New name and ownership for Quadient
Smartech Business Systems, headquartered in Hong Kong and active throughout Asia and the USA, has acquired the industry supplier Quadient Oceania (formerly known as Neopost Australia and GBC before that). It's 'business as usual' says National Marketing Manager Morgan Quinn.
Ovato lost $9.7m in H1 as restructure 'resets balance sheet'
Ovato recorded a net loss of $9.7 million for the six months to 31 December 2020, with sales falling by 28.2% to $236.2M compared to the corresponding six month period, which was prior to the impact of the COVID-19 pandemic. "Heatset catalogue printing and residential distribution volumes are not returning as quickly as expected due to the lingering impacts of COVID-19."
Another $15m in Jobkeeper helps IVE to 'solid' first-half FY21
Print and marketing group IVE reported $23 million in net profit for the first half, up from $17.7m pcp despite a 3% fall in revenue to $340.8m. “We estimate a revenue reduction to pcp of circa $50m as a result of the impacts of COVID-19, particularly in the retail catalogue and travel sectors."
"An exceptional start to the year" says HP CEO
HP reported strong revenue and profit growth in the first quarter, with net revenue up 7% to $US15.6bn from the prior-year period, driven by demand for notebook computers and consumer printers. “Our Printing business generated revenue of $5 billion and operating profit of $1 billion.” Commercial printer sales remained flat.
Clem Johnson receives FESPA Australia Life Member Award
The FESPA Australia board has awarded its highest honour - the association's life membership - to past-president Clem Johnson, who began his career in the late ’70s with C&S Designs in Brisbane.
Canon's fastest-ever imagePROGRAF printer boosts large format print for CAD/GIS/AEC
Canon Australia unleashes eight new large format print models with the introduction of the new imagePROGRAF TZ-30000 Series, and a refreshed imagePROGRAF TX Series for the CAD/GIS/AEC & Poster sectors.
SAi announces availability of drivers for new HP Latex 700 & 800 printers
SA International (SAi), a leading provider of software solutions for professional signmaking, wide-format digital printing and CAD/CAM machining industries, has announced the availability of certified drivers for the new HP Latex 700 and 800 Latex Printers.
Peter Way joins Total Image Supplies
One of Australia’s most experienced colour management and wide-format technical sales specialists, Peter Way, has joined the growing industry supplier Total Image Supplies, who are Melbourne-based but do business all over Australia.
Victorian rules on cladding will Impact signage: ASGA
The Australian Sign & Graphics Association (ASGA) has outlined how a Victorian prohibition on high-risk cladding products that came into effect this month will impact the signage industry in the state.
Montana Signs adds a Roland VG2-640
Soon after securing a contract to handle all signage for the Penrith Panthers NRL club in 2021, western Sydney sign business Montana Signs has invested in a new Roland VG2-640 with TR2 inks - including green, one of the team's colours.
ASGA Employment Law webinar to address end of Jobkeeper
An Australian Sign & Graphics Association webinar next month [March 11, 11:30am AEDT] on Employment Law will include a look at how the end of Jobkeeper on March 31 could impact staff levels in the industry.
3M to spend $1 billion to accelerate climate goals
3M will invest about $1 billion over the next 20 years to accelerate the company’s new environmental goals, which include carbon neutrality by 2050 and reducing water use by 25% at its facilities.
Siegwerk warns of price pressure on raw materials
Printing ink manufacturer Siegwerk says “already in 2021 we are seeing a combination of several factors which are interlinked with the COVID-19 crisis which has severely impacted the overall raw material supply chain.”