Commercial

Wayne Finkelde has retired as CEO of AAB Holdings, the owner of Pegasus Print and SOS Print + Media, with an announcement imminent on his successor, for one of the country's biggest independent printers. Finkelde's time leading AAB can only be regarded as a major success.

Sign and display business Zest Image is investing in the new Dimense 3D one-pass wide-format print and emboss technology, which it says, will enhance its visual solutions.

The strike at papermaking giant UPM Kymmene which has crippled output since the start of the year has been extended yet again, with the union rejecting four settlement offers from the conciliator.

In a move that it says will help improve the bottom line and better serve its customers, packaging and point-of-sale operation The Cutting Edge has implemented the printIQ management information system.

Packaging solutions developer Bobst is enhancing its all-in-one, all-Inline portfolio Digital Master series, with the 340 and 510 models, which provide a fully digitalised and automated production line.

The right time to sell your business is marked by a combination of factors. Patrick Howard sits down with Brian and Geraldine Stevens to discuss the realities of selling their CopyDocs business into a pandemic-affected market.

The new CEO of press giant Heidelberg, Ludwin Monz, has now succeeded Rainer Hundsdörfer at the helm of the company, with the intent to continue to drive forward Heidelberg's strategic realignment.

Xeikon is launching Titon, a new toner formulation which it says is in response to the demand for sustainability, and offers all the benefits of UV inks, for printing fibre-based food packaging.

With no agreement in sight between papermaker UPM and the union Paperiliitto, the strike that has crippled output at UPM's pulp and paper mills since new year's day is to be extended, until the end of April.

Opus, McPherson’s and Ligare owner, Hong Kong based Left Field Print Group, has acquired a $4.8m chattel mortgage held over Ovato by Scottish Pacific, and has loaned Ovato a further $5.1m.

Ovato has suddenly closed its New Zealand heatset print plant, and letterbox business, citing paper shortages as the reason for the shock decision, saying it can no longer operate profitably. The move has left 100 staff without jobs, and the local industry "devastated".

The move by Ovato to close NZ heatset leaves rival Webstar as the only major heatset print operation in the North Island, with independent Inkwise the only heatset operator in the South Island.

The country’s biggest print franchise group, Snap, has selected former Pizza Hut head Glenn Jarrett to succeed outgoing CEO, Richard Thame, as the person to lead the company's growth drive, post-Covid.

A new focus on its niche market has seen Snap Ringwood install an Horizon CRF-362 creaser folder, supplied by Currie Group, as owner Tony McKay celebrates 20 years with the business.

Kyocera Document Solutions Australia has appointed Motohiro Sato – who was instrumental in the launch of production inkjet business in the Asian region – as its new managing director.


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Fujifilm Business Innovation Australia and Fujifilm Australia will come together for PacPrint, combining to create what they say will be the ultimate one-stop-shop for the ANZ print industry.