Author Archive

  • Remember This? PMP sheetfed boosts Promentum revenue – March, 2006

    Print21 is the longest running online news service for the Australian and New Zealand printing and graphic arts industry. Take a trip back in time and check out a selection of history highlights from our unrivaled news archive. This month eight years ago Promentum marked the purchase of PMP’s sheetfed division and celebrated soaring profits.

    Originally published 16 March 2006

    In the face of what it terms “subdued market conditions”, Promentum secured sales of $90.6 million in the first half of the financial year, up from $65.6 million for the same time last year. Profits also leapt 31.8 per cent to reach $5.5 million, up from last year’s result of $4.2 million.

    Alistair Hill, managing director of Promentum, attributed the revenue and profit gains to its purchase of PMP’s sheetfed division, as well as to a number of new blue-chip customers across the financial services, automotive, gaming and entertainment and consumer products sectors.

    “We have successfully integrated the recent acquisitions and established a very strong base from which we can expand over the next two years,” says Hill. “The widely reported subdued, but highly competitive market conditions, have not greatly affected our performance.”

    The company confirms it will continue to pursue acquisitions, with the strategy underpinned cost control and rationalisation of its operations.

    “Promentum is in a good position to take a leading role in the continuing rationalisation of the Australian printing industry, as scale and investment in new technology and equipment is required to stay competitive.”

    As part of this investment, Promentum installed a 10-colour perfecting press into its NSW premises in January, replacing two old presses, and in the same month commissioned a second-hand 10-colour press into Queensland. The company’s purchase of the PMP Digital Print Centre in Melbourne in August last year saw it extend into digital print.

    Hill points to his company’s extension of its print management capabilities as an area that will deliver significant growth in the future, claiming both its RT Kelly and our Penfold Buscombe businesses are picking up steam.

    “Many companies are outsourcing the management of their printing jobs in an effort to contain costs,” says Hill. “We expect that this segment will continue to grow over the next few years and are well positioned to share in this expansion.”

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  • Remember this? Pacific Print Group gets new name – GEON – Feb, 2007

    Print21 is the longest running online news service for the Australian and New Zealand printing and graphic arts industry. Take a trip back in time and check out a selection of history highlights from our unrivaled news archive. This month seven years ago Geon was at the peak of its power, pulling in more businesses under its banner, and revenues hitting $200 million.

    Originally published 15 February 2007

    Trading as GEON, the company will continue to allow its 12 subsidiaries, on both sides of the Tasman, to retain their individual names and management. GEON subsidiaries include: Agency Printing; Albion Graphics; AP Mail; Bays Press; BFG; Business Print Group; Brebner Print; Graphic Print Works; Graphic World; Impact Printing; Kiwi Labels and Printco. If the likely takeover of Promentum goes ahead in April it will add another batch of names to the GEON coat of arms.

    “As a brand, GEON is strategic, visionary and progressive in scope and will enable us to move forward with a unique offering focusing on providing customers with quality, service and security of brand in what is a highly fractured print and mail management industry,” said Gordon Towell, group chief executive.

    Employing more than 800 staff, the company recently won a $127 million battle for Promentum. Currently GEON generates an annual revenue of AUD$200 million.

    Towell said that he hoped the name change would strengthen the company even further. “The GEON Group will now aim to reshape the print and mail industry by combining the passion, skills and specialist resources of our employees, thereby providing a single integrated end-to-end solution in print production and delivery,” he said. “GEON will also provide the security of a full service offering within the one organization, reducing the potential dangers of multiple external suppliers and guarding client’s brands.”

    For those wondering where the name came from and what it actually means Wikipedia has an answer. Geons were chosen as a leitmotif for the company, to reflect its one-stop shop capability for providing print and mail services and material.

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  • Remember this? HP aims to be Number One in graphics market – Feb, 2004

    Print21 is the longest running online news service for the Australian and New Zealand printing and graphic arts industry. Take a trip back in time and check out a selection of history highlights from our unrivaled news archive. This month ten years ago, HP first took up arms in the graphics arts and declared its intentions to be the top player in the graphics market. Still fresh in the Indigo driver’s seat, HP came out swinging with it’s own ‘mini-drupa’ to launch its first HP Inidgo digital press, the 5000. The rest, as they say, is history…

    Originally published 12 February 2004

    Hewlett Packard has finally declared its goal position in the global graphic communication market.

    “We want to be number one,” said Executive VP, imaging and printing group Vyomesh ‘VJ’ Joshi.

    Two years after its take-over of digital pioneer Indigo, HP has its “ducks in a row,” and is ready to do battle with Xerox, Canon, Heidelberg, Kodak and whoever else has staked a claim in the digital print market.

    In a fully operational demonstration of all of its sheet and web presses, HP presented a ‘mini-drupa’ to the world media ten weeks before the real thing. With offerings that encompass toner, inkjet and liquid electrophotographic (formerly Indigo ElectroInk), technologies, HP is positioned to place digital image output devices at just about every level of the industry. Clearly, a lot of behind-the-scenes thinking and R&D has happened in the past two years.

    First all HP-Indigo machine rolls out.

    The HP Indigo 5000 is the first press that is 100% a result of the HP-Indigo cooperation, which actually began well before the take-over. Capable of printing 4,000 full colour A4 pages per hour, it images on virtually any substrate up to A3+. Great strides have been made in colour management with a fully configurable ICC-based system and HP’s own ‘CMYK Plus’ technology for extended gamut, automatic PANTONE replication and colour consistency across the range of other HP devices including large-format inkjet.

    A three-tray paper feed system can be expanded to six or more and the delivery pile can take up to 6,000 sheets. Image quality is indiscernible to offset, the liquid ink makes sub-micron pigment particles possible. This is one for commercial printers to take very seriously. It will be launched first in the USA and Europe at around US$450,000, with Australian shipments expected by early 2005, according to local and Asia-Pacific manager Michael Mogridge. “If Australian printers who see the 5000 at drupa want it badly, we would recommend installing a 3050 and then upgrading when we can fulfill orders,” he said. The 3050 is essentially an improved 3000 using a series 2 engine.

    Taking on Xerox and Canon.

    The second surprise is HP’s entry into the highly competitive production colour copier/printer market with the HP Color 9850mfp. At 50 pages per minute in full colour, this toner-based unit is aimed squarely at the Xerox 2060 and Canon CLC markets, namely quick printers, copy shops and medium-to-large corporates. A range of finishing solutions is offered and it is rated at 150,000 pages per month duty cycle. Optional EFI tools, workflow and colour management complete the offering.

    Coupled it with the closely-named 9085mfp, an 85 ppm mono copier/printer and HP has a complete document offering in the toner sphere, with small footprints and plenty of grunt for all but the largest quick printers and copy shops. Interestingly, two 9085mfps can be run in tandem and jobs distributed evenly, doubling print output to 170ppm, well into DocuTech territory!

    The range of HP digital imaging devices now covers low volume colour lasers and inkjets, large format inkjet, commercial sheetfed machines and industrial web digital presses. Add to that scanners and a 5.2 megapixel digital camera, pre-optimised for print reproduction, and you can see this is a serious assault on the market.

    HP generated over US$73 billion in sales last year. Anyone doubting its resolve to carve out a healthy share of the commercial digital print market should reserve judgement until drupa, and visit them in Hall 4, stand 4c23 where HP will have its largest display ever at a graphic arts exhibition.

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