Posts Tagged ‘IPMG’

  • Hannan family packs up Alexandria

    The Hannan family is finally packing up its Sydney Corporate Park site in Alexandria after almost 30 years at that location following the commissioning of Hannanprint’s new Warwick Farm print production facility earlier this year.

    In fact, Hannan family businesses have been in that area of Sydney for well over 40 years. However, since the IPMG subsidiary completed its relocation to Warwick Farm’s state-of-the-art super site this year the $400 million Corporate Park in Alexandria is seeing the exit of print and the possible entry of new developers.

    According to sources, the Hannan family may sell the approximately 143,000 square metre site, restructure its holdings, or remain in a venture with the property. It has appointed Brookfield Financial to advise its next step for the site.

    Hannan first purchased parts of Sydney Corporate Park in 1985 as a headquarters for its NSW operations of Hannanprint. Since that time Sydney Corporate Park has been further expanded through other purchases and extensive development.

    Sydney Corporate Park is one of the largest consolidated privately-held land ownerships in the City of Sydney Council area. It was awarded Best Business Park in Australia in 2012 by the Property Council of Australia.

    “With the relocation of Hannanprint to Warwick Farm we now have a wonderful development opportunity on the Northern boundaries of Sydney Corporate Park,” said Michael Hannan, executive chairman of IPMG. “We will continue to be an investor in quality commercial property and, whilst recognising the inevitable need for rationalisation in the heat set printing industry, we intend to remain a long-term investor in the printing business.

    “Whilst our preference has always been to own and develop our commercial property assets within family-owned entities, the time has come to accept that with the funds required to develop Sydney Corporate Park to its full potential, and for us to play a pivotal role in addressing the required rationalisation to assist us meet all our objectives in a shorter timeframe than would be possible if we were to do it all ourselves as a private family group,” he said.

    For Kevin Slaven, IPMG CEO, Sydney Corporate Park continues to represent a sound investment to help enable the company to negotiate the choppy waters of the local printing industry with a relative amount of financial safety.

    “The printing industry is clearly going through tough times and there is a significant amount of old equipment and overcapacity in the market,” he said. “IPMG is a privately owned diverse group of print, media and marketing services companies with the backing of significant property assets through the Hannan family ownership of Sydney Corporate Park.

    “We are uniquely positioned to be able to weather the issues facing the printing industry and come out on the other side in an even stronger position than we are in today. IPMG is fortunate to have the backing and financial support of the Hannan family to be able to navigate through this evolutionary phase of its printing investments as well as to have the opportunity to diversify the group’s portfolio of investments in quality media and marketing services,” he said.

  • Drupa kick-off – automatic for the printing press from manroland websystems

    Hannanprint opts for autoprint, the radically new operating system for its new 96-page web press for Sydney, manroland autoprint; PMP may also bite the bullet for ´no touch´ printing on its Perth press.

    From the first press conference of drupa comes news likely to transform how printing is done in Australia. Reaffirming manroland web system´s technology leadership, Peter Kuisle, director of the resurgent web press manufacturer, confirmed that at least one of the two huge web presses destined for Australia will be fitted with the latest in automated control, the autoprint system.

    Describing it as fully automated press control, he said the technology means the press actually controls itself, leaving the operator to act as a supervisor of the production. It is the culmination of manroland´s ´one touch´philosophy, which is still a work in progress although sufficiently developed to change how presses operate.

    A new autoprint operating panel has not a single button, rather relying on an iPad-style touch bar. The system comes in different forms with an expert mode that allows the operator more control for those really tricky jobs.

    Kuisle confirmed the Hannanprint press will have the complete autoperint and said PMP is considering whether to pay the extra money.

    It was just one of the fascinating highlights that emerged from the first press conference on the day before the show opens. manroland is a much smaller company than the behemoth that was here four years ago. It shares the pre-booked stand with manroland sheetfed copmpany, as it cooperates with the UK-based buyout in markets around then world.

    The market for its products, newspaper and commercial web presses, is less than a third of what it was four years ago. It is operating on a business plan that calls for a turnover of €300 milion per year. Half of that will necessarily come from service while the rest, €180 million this year, is from new machinery. It´s tough going and it comes as no surprise that manroloand websystems will not hit its revenue targets in this first year of its new life.

    Kuisle said they were continuing with all the press brands and formats while adding a focus on working with Oce on a digital intergration partnership. manroland supplies the paperhandling and finishing systems while Oce sells its high-speed inkjet engines into the newspaper market, where its partner has traditional market leadership. The first sophisticated joint development was announced as going into a French newspaper and magazine company, Rivet Presse Edition.

    Sounding upbeat and positive, Kuisle projected a confidence that the company is now stronger than ever, with access to more capital from its new owner, Possehl. The glory days of the first half of the decade when manroland sold €2billion presses every year is not likley to ever return, but courtesy of manroland web systems this drupa starts off with a determined and optimistic svision for the future of printing.