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NEWS UPDATE
INSTALLATIONS
Monotech installs Ricoh at Kashmir’s Fumbh Packaging

Kashmir based leading design house Fumbh Design has invested in RICOH PRO C5300S Digital production press for packaging applications. The press has been installed by Monotech Systems Limited.

Azmat Rafique, Proprietor, Fumbh Packaging says, “We have been providing design services to our clients for last six years, but we were always inquisitive to provide a wide variety of services and expand our portfolio..
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INDUSTRY TRENDS
Canon’s financial results show 53% jump in profit for 2021

In the financial results announced by Canon, the company showed a significant increase in profit inspite of the unsettled situation surrounding the COVID-19 pandemic. Sales for 2021 rose by more than 15% compared to 2020, while profit increased 53%.

Toshizo Tanaka, Canon’s Executive VP & CFO, told investors, “In 2021, we achieved significant sales and profit growth compared with last year when both were down significantly due to the impact of COVID-19.
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INSTALLATIONS
India’s second Fujifilm Revoria installed at Goa

Insight Print Communications has installed India’s second Fujifilm Revoria PC 1120 press at Suraj.com at Goa.

Prakash Gawas Founder & Director at Suraj.com said, “Speed and quality of Fujifilm Revoria are really revolutionary, our evaluation of buying a new digital press was under process and the entry of Fujifilm with Insight excited us to go for it.”
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INDUSTRY TRENDS
Kodak’s 2021 Sustainability Report – ‘One World, One Kodak’

Kodak has published its Sustainability Report 2021, outlining its activities from 2018 to 2021 and highlighting its sustainability objectives towards minimising environmental impact running upto 2025.

Titled ‘One World, One Kodak’, the report outlines Kodak’s programs, specifically on reducing waste and creating energy efficiencies, reducing emissions, conserving water and improving employee and community engagement.
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INDUSTRY TRENDS
Highcon partners with Two Sides

Highcon Systems Ltd, the leading supplier of digital cutting and creasing solutions for post-print processes in the folding carton and corrugated carton industries and the print and paper advocacy group, Two Sides, to promote the sustainable story of print and paperboard packaging.

Simon Lewis, VP Marketing for Highcon says, “Highcon is delighted to become a member of Two Sides.
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INDUSTRY TRENDS
Cosmo Films posts 65 percent PAT growth

Cosmo Films Limited declared its financials for the quarter ended December 2021.

The results show that Q3FY22 EBITDA has increased by 44% (vs. corresponding quarter) on the back of higher specialty sales, better-operating margins, and improved performance by subsidiaries. Enhanced EBITDA together with lower finance cost and lower effective tax rate led to increase in PAT by 65%. Increase in EPS was still higher at 75% due to the impact of buyback of shares in December 2020.
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INDUSTRY TRENDS
Kornit Digital unaugurates state-of-the-art facility

Kornit Digital Ltd., in the business of sustainable, on-demand, digital fashion and textile production technologies, inaugurated its new scalable, state-of-the-art ink manufacturing facility in Kiryat Gat, Israel.

The modern, 11,000-square-meter facility incorporates advanced automation, sophisticated workflows, and innovative technologies for production optimization. The new high-volume production facility is expected to fulfill global demand for Kornit consumables for the next decade.
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NEW ON THE BLOCK
Epson introduces ColorWorks C4000 on-demand label printer

Epson has launched a new addition to its ColorWorks on-demand color label printer portfolio – the ColorWorks C4000. The compact ColorWorks C4000 offers expanded connectivity and compatibility, improved image quality, remote management tools, and increased ink capacity.

The new model is engineered for markets that require high-resolution image quality, durable color labels and easy connectivity, such as food and beverage, retail, healthcare, and pharmaceutical.
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NEW ON THE BLOCK
Color-Logic adds new gold colors

Color-Logic has expanded its range of Gold colors from 25 to 55 in its base licence.

For most jobs, Color-Logic users will no longer find it necessary to stock gold inks or substrates, or to match golds using trial or error.
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INSTALLATIONS
SSV Digital invests in Ricoh Pro C5300S

Monotech Systems has installed Ricoh Pro C5300S digital press in New Delhi’s leading photo colour lab SSV Digital. This is the first installation of RICOH in the colour lab segment.

Rupendra Thakur of SSV Digital said, “We have been in the business for the last 8 years and grown successfully in photography. A digital press was a good opportunity to upgrade from our existing traditional photo printers and there we opted for Ricoh.”
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