The Bavarian Print Media Award in the category “Outstanding Technical Achievements” goes to manroland AG in recognition of the companys groundbreaking technology for the printing industry.
Sales at 741 million Euro – Decrease of 6.0 percent (1.7 percent excluding currency effects) Effects of economic slowdown becoming more visible S G&A costs 14.9 percent lower versus last years third quarter Recurring EBIT at 27 million Euro versus 25 million Euro in third quarter of 2007 Strong impact of raw material costs and one-off elements Net financial debt at 723 million Euro versus 852 million Euro in the third quarter of 2007
At the recent Tag & Label Manufacturers Institute (TLMI) 75th Anniversary Annual Meeting, Multi-Color Corporation (NASDAQ:LABL) was honored with 8 first place and 3 second place awards for excellence in label printing.
Ricoh Company, Ltd. (TSE: 7752, “RICOH”)(President & CEO: Shiro Kondo) announced that it completed its previously announced acquisition of IKON Office Solutions, Inc. (“IKON”) through RICOHs wholly owned U.S. distribution subsidiary, Ricoh Americas Corporation (“RAC”) on October 31, 2008 (EST).
WIFAG Polytype Group announced the acquisition of Spuhl`s (Switzerland) Digital Printing activities and L&P Digital Technologies (USA) from Leggett & Platt. WIFAG Polytype, headquartered in Berne, Switzerland, is well-known in the graphics industry globally with more than 100 years of printing press manufacturing.
For several weeks, due to general economic slowdown, the Bobst Group is facing a decrease in order bookings in its three Business Areas: Folding Carton, Corrugated Board and Flexible Materials. This trend is observed in all regions of the world. In addition, the exchange rate evolution contributes to the turnover decrease (as of end of September, approximately CHF 50m).
Bemis Company, Inc. (NYSE: BMS) announced today that its Board of Directors has elected Scott Ullem as Vice President of Finance, reporting to Gene Wulf, Senior Vice President and Chief Financial Officer. Ullem joined Bemis earlier this month from Bank of America, where he was co-Head of Diversified Industries in Bank of America’s Global Corporate & Investment Banking Division.
