Xerox (NYSE: XRX) announced today the appointment of Steve Bandrowczak as president and chief operations officer, and a member of the companys Executive Committee, effective June 25, 2018.
For several months, the offices here at Printing Industries of America (PIA) have been overflowing with pieces from the Premier Print Awardsover 2,000 entries submitted to categories like Posters and Cards, School Yearbooks and Novelty Books, Product Catalogs and Popular Culture Magazines, even Point-of-Purchase Materials.
The PrintCity Alliance participated for the first time in the Packaging Innovations trade fair in Warsaw, Poland, on 17 and 18 April. The members were very pleased with the results and are planning to attend as a team again in 2019.
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For large firms, the accelerating pace of digitalisation in modern business creates both opportunity and risk: On the one hand, it can be a source for significant growth. On the other hand, even small start-ups can quickly disrupt established core markets for big players.
Printing Pioneer Expands Portfolio with Additional Print Finishing Equipment
Peter Andrich (52) took over the management of KBA-Italia in Lainate near Milan with effect from May 2018. In his new position, he is responsible for sales, marketing and service for Koenig & Bauers web and sheetfed portfolio in the Italian market. He made his professional debut for Koenig & Bauer at the Print4All trade fair in Milan from 29 May to 1 June, where KBA-Italia had an information stand.
Heidelberger Druckmaschinen AG (Heidelberg) is optimizing its financing structure. The company today decided to redeem a sum of around 55 million from the current high-yield bond (with a coupon of 8 percent), which runs to 2022 and amounts to some 205 million. This sum will be repaid on July 18, 2018. Issued in 2015, the bond was a key element in extending the financing structures maturity profile at that time. The repayment is being made from cash on hand and will have a positive impact on the financial result from the next financial year onward.
