Vol. 22 No. 3 FLEX Serving The Flexographic Printing Industry In Print and Online at www.nvpublications.com ® An N.V. Publication Market News
February 3, 2020
Customer Satisfaction Drives Flexo Wash
FPA Issues Annual Report To Members The Flexible Packaging Association (FPA) has published its latest Report to the Members .The report provides an overview of the many initiatives and activities FPA conducts on behalf of its members. FPA provides benefits that support the success of FPA mem- bers and the advancement of the flex- ible packaging industry, according to the association. Highlighting Programs The report highlights current and ongoing FPA programs that are ensur- ing that the environmental benefits and sustainability advantages of flexi- ble packaging are communicated and understood; advocating to protect against potential barriers to growth, combat regulatory burdens, and build relationships with diverse stakehold- ers; promoting the advantages and benefits of flexible packaging; com- municating to keep members and stakeholders informed and engaged; providing industry data to the mem- bership and investment community; and creating networking and educa-
by Greg Kishbaugh
M any businesses — in describing their working atmo- sphere — describe themselves as family. But Flexo Wash, Louisville, Kentucky, can very sincerely make such a claim.
( Left to right ) Ryan Potter, Patrick Potter, Mike Potter and Sally Potter celebrate the “Supplier of the Year” award honor from TLMI.
(Cont’d on Page 7)
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Launched in 2002 by Michael Potter, the company is now led by his two sons Patrick, President, and Ryan,Vice President of Sales. The Flexo Wash portfolio includes anilox cleaning, plate and plate sleeve washing, rotary screen cleaning technology, as well as the original parts washing machines. It has more than 4,000 machines in everyday commercial use worldwide.
(Cont’d on Page 5)
Technology focused on pressroom performance.
Run 7 days at 2,000 fpm Eliminate back-doctoring Meter to avoid dot gain Reduce anilox/cylinder damage Easily meter white inks Lower Annual Doctor Blade Spend At FLXON, Smart Technology drives results. Today’s New Family of SWEDCUT ® Doctor Blades combines smart metallurgy with DGYDQFHG DSSOLFDWLRQ VSHFLȴF FRDWLQJV WR achieve unimaginable results! Smart Technology is focused on solving root causes of your customer’s complaints while driving waste and downtime from your process. Optimizing ink transfer requires an integrated approach to the entire system while understanding each process variable DQGKRZWKH\DHFWHDFKRWKHU
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FLXON INCORPORATED (800)756-6474 I (704)844-2434 I ZHFDUH#ȵ[RQFRP 100% Satisfaction Guarantee!
Corrugated Industry Pioneer Lou Sardella Passes Away Lou Sardella, who co-founded Sun Automation along with his business partner Pat O’Connor, and who subsequently served as Chairman and CEO of
the company,passed away at his home in LakeTahoe,Nevada,on January 21, 2020.He was 73. Chris Kyger, President of Sun Automation said: “In the era of rapidly changing corru- gated industry requirements, Lou was acknowledged by his peers and the industry at large to have been an extraordinary engineer, enlightened inventor and talented entrepreneur. His
legacy includes the development and marketing of industry-leading feeding, printing, and diecut- ting technology, and folding equipment. Lou is survived by his friends Pat & Nancy O’Connor,Tatiana Alvarez, as well as many friends, colleagues and family members.
AFTER 80 YEARS, We’ve got innovation down to a science.
We’re proud to celebrate 80 years of working with press builders, converters, and ink makers to develop ink circulating and conditioning systems which meet their unique requirements. With a new 125,000 square foot factory outside of Chicago, Illinois and over 80 years of experience serving the global market, Graymills continues to lead the industry in innovation, quality and sustainability.
Flexo Market News February 3, 2020 3
MacDermid Expands Clean Plate Technology Portfolio MacDermid Graphics Solutions recently expanded its Patented Clean Plate Technology portfolio with the addition of Digital MCP. Digital MCP is a hard durometer, round top dot plate featuring MacDermid’s Patented Clean Plate Technol- ogy. Digital MCP is the newest photopolymer plate for flexo printing to build off MacDermid’s digital plate chemistry. The combination of digital plate chemistry and clean plate technology is uniquely designed to print cleaner on press, reduce ink build-up in-between dots and reverses, and require fewer press stops for plate cleaning.The reduction in physical cleaning require- ments extends the plate life of Digital MCP, according to MacDermid. Digital MCP is optimized for superior processing in MacDermid’s LAVA thermal system, according to the company.As with other MacDermid digital plates, Dig- ital MCP allows for processing in conventional sol- vent wash or thermal systems.When flat-top dots are desired, Digital MCP can be imaged via MacDermid’s award-winning LUX Lamination process to achieve flat-top dots.
4 February 3, 2020 Flexo Market News
Flexo Wash (Cont’d from Page 1) The company’s new leadership has quickly been recognized by the industry, Patrick Potter having just been named Supplier of the Year at the TLMI’s annual meeting. The Supplier of theYearAward is presented each year, honoring and recognizing an individual for their ongo- ing volunteer service and dedication to TLMI and to the greater industry. Criteria for winning the award in- cludes service to TLMI on the association’s board and committees, in addition to continuous commitment to the industry as a whole by helping to promote and foster its growth.
Patrick is quick to point out that the award is the result of many people’s efforts, and while this is an individual award it reflects more upon FlexoWash as a company than upon him individually. “While this was an award for me; it was a recognition for everyone from Flexo Wash,” Patrick said.“It’s a tes- tament to the hard work my father, Ryan and our team put in before I got here.” In The Beginning Michael Potter purchased the exclusive North Amer- ican distribution rights from Flexo Wash in Denmark in 2002. Two years later, Ryan came on board.At the time, the company had only four employees, necessitating Ryan be involved in all aspects of the business: warehouse, shipping, service and sales. Being mechanically inclined, Ryan was well suited to work on the shop floor, and being naturally able to relate to people and show his concern for their prob- lems and obstacles meant he was also well adapted for sales. “In terms of sales,” Ryan said,“I was very fortunate to work alongside my Dad; I learned sales from him.” (Cont’d on Page 13) Flexo Wash management hosts weekly company- sponsored lunches for its employees in its break room.
Flexo Market News February 3, 2020 5
Klingele Group Installs Koenig & Bauer Flexo Press The Klingele Group, Stuttgart, Germany, is the first customer to install the new CorruCUT sheetfed flexo press with integrated high board line rotary die-cutter from Koenig & Bauer. In developmental partnership with Klingele, the new press has been designed for the high-performance rotary production of die-cut corru- gated products in ultimate flexo post-printing quality. The CorruCUT incorporates a number of unique features such as a vacuum-belt feeder without infeed roller, a new solution for anilox roller exchange, and an overhead vacuum delivery.The CorruCUT handles corrugated sheets with a width of up to 110 inches and a thickness of 0.354 inches, running at speeds up to 12,000 sheets per hour. ICPF To Promote Corrugated Packaging Careers ICPF will conduct its annual Teleconference on The Business of Corrugated Packaging & Displays and the Career Opportunities on February 27. More than 500 packaging science, graphic design, marketing & sales, supply chain management, packaging design, business, industrial & chemical engineering, and other students and faculty on 20 college campuses will be participating.This annual event is a live video confer- ence utilizing professionalWKARTV personnel andTV broadcast equipment at central Michigan’s PBS studios for two-way interactivity. After their presentation, industry panel speakers,Bry- an Hollenbach, Green Bay Packaging, and Rich Ford, Packaging Corporation of America, as well as student moderator ErinWilson,will address live questions from students on each of the 20 participating campuses. Campuses scheduled for participation include Appa- lachian State University; Bowling Green State Univer- sity; California Polytechnic State University; Clemson University; Dunwoody College of Technology; Indiana State University; Illinois State University; Lewis-Clark State College;Michigan State University;Millersville Uni- versity; North Carolina A &T University; North Carolina State University; Pittsburgh State University; Rochester Institute of Technology; Rutgers University; University of Florida; University of Texas-Arlington; University of Wisconsin-Stout;VirginiaTech; andWestern Michigan. The Teleconference’s will conclude with ICPF’s Stu- dent Design Presentation Competition. Up to four student teams that earlier participated in AICC’s 2019 student “design” competition will be tasked to show, tell and sell their entries by explaining the objective, the research conducted, design and other background.
Everything gets dirty.
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6 February 3, 2020 Flexo Market News
FPA Member Report (Cont’d from Page 1)
tion opportunities to connect the membership. The report also includes a listing of FPA members, the FPA Board of Directors, and the FPA mission state- ment and strategic goals. The report provides information on FPA Commu- nications; the FPA Advocacy Program, on both the Federal and State levels; the activities of the FPA En- vironmental, Health, and Safety Committee and indus- try-specific regulatory and legislative issues that are on the committee’s radar; the activities of the Sterilization Packaging Manufacturers Council (SPMC); and the FPA Flexible Packaging Financial Benchmarking Program, which includes several surveys and reports that assist FPA members in making informed business decisions. Information on FPA events such as the Annual Meeting and Fall Executive Conference are detailed in the report, in addition to the FPA Flexible Pack- aging Achievement Awards Program. The report also provides a look at “What’s to Come” for the Sustain- ability,Advocacy, Industry Data, and Communications programs. INX To Acquire RUCO Druckfarben INX International Ink Co., Schaumburg, Illinois, has entered into an agreement to acquire RUCO Druckfar- ben, a longtime printing ink manufacturer in Eppstein, Germany.The transaction is expected to be completed by the end of the first half of 2020. Once the transaction is finalized, Moritz Hartmann will take over as sole Managing Director and will manage the company with the current leadership team. Hartmann has been a member of the RUCO Druckfarben management team since 2015.The com- pany itself was founded in 1857 and today employs approximately 150 people, with representatives in more than 70 countries. Bingham Flexo Services, Uteco Partner Bingham Flexo Services (BFS) and Uteco have reach- ing an agreement wherein BFS will bring Uteco Con- verting’s product line to the 14 Midwestern states that BFS currently services. Uteco is headquartered and manufactures in Verona, Italy, with an additional training and service center in Kennesaw, Georgia. Bingham Flexo Services, located in Batavia, Illinois, employs five technical sales representatives and four customer service representatives.
Flexo Market News February 3, 2020 7
Smithers Conference Focuses On Sustainability The Sustainability in Packaging US 2020 conference, organized by Smithers Pira, will be returning to Chica- go, Illinois, this coming March 11-13, 2020.This event brings success year after year as it continues its theme of Making Sustainable PackagingA Commercial Reality. Sustainability in Packaging US 2020 will provide key insights from some of the top brand owners, CPGs, re- tailers, packaging manufacturers, government regula- tors, and NGOs who are making moves in the sustain- able packaging space. This 3-day program featuring tours, workshops, and presentations on Sustainability Initiatives – Where do we go from here?; Sustainability in E-commerce Packaging; Design for Environment; Regulations for single-use plastics and packaging; Circular Economy – Embracing Imperfect Practices and Thinking Outside the Box; Push for Demand Champions; New Models for Reducing or Replacing Packaging; Beyond End of Life, Beyond Recyclability –What Else?; andAlternative Technologies. Altana Plans To Be CO2 Neutral By 2025 Specialty chemicals group Altana plans to reduce its CO2 impact from production and energy procurement worldwide to zero by 2025, starting with converting the entire power supply to renewable energy by the end of this year. Altana will compensate for the unavoidable use of natural gas until 2025 by financing equivalent climate protection projects in the regions where CO2 emis- sions are generated. The same applies to offsetting CO2 emissions arising from necessary business trips, company cars, and the transport of goods. “We want to leave our footprint on innovations, not on emissions,” said Martin Babilas, CEO of Altana. The company had already achieved the goal it set itself in 2007 of reducing CO2 emissions by 30 per- cent in relation to gross value added by 2020. In order to further reduce the emissions, Altana is relying on greater energy efficiency as well as heat and electricity generation at its worldwide sites.
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Get your company in front of the flexo industry’s key decisionmakers. Flexo Market News ’ readership is comprised of Presidents, Owners, VPs and General Managers of flexo operations — the key people who make decisions on equipment purchases. An ad in Flexo Market News is a direct sales meeting with thousands of the industry’s best thinkers and most influental leaders. Reach the Decisionmakers
Maxcess To Merge With RotoMetrics
Maxcess, provider of products and services for web handling applications, intends to merge with RotoMet- rics, a manufacturer of cutting dies and support tool- ing technologies.The companies will trade under the Maxcess International name.
8 February 3, 2020 Flexo Market News
Great Northern Launches ISTA 6 Test Laboratory
developed in collaboration with Omet, Spilker and Ilti - capable of transforming waste liner into a resource. CLS was created with the aim of combining sustain- ability and cost reduction, knowing that reducing pro- cess waste is one of the greatest economic and indus- trial challenges.The products eliminate the problem of the liner disposal (which even becomes a lamination of the label) once and for all. Flying Fish flavored beer is the first product on the SAB market to“wear” linerless labels.The project start- ed in 2017 and entered a pilot phase in the fourth quarter of 2018. Large-scale production started inApril 2019. A period of commercial testing was then com- pleted.At the end of the testing and control phase on the Flying Fish beer labeling line, the Core Linerless Solutions technology will be extended to the entire SAB product portfolio, allowing the Group’s environ- mental impact to be reduced by 57 tons of waste per year, in South Africa alone. First Smyth Facility Achieves SGP Certification Smyth Companies, Bedford, Virgina, has been certi- fied as an SGP Printer by The Sustainable Green Print- ing Partnership.This is Smyth Companies’ first location to become an SGP certified printer.
Great Northern Corp.,Appleton,Wisconsin, has add- ed an ISTA 6 test lab at its Appleton location.The ISTA 6 lab, operated by in-house certified ISTA technicians, allows customers to test the integrity of their existing packages, and pre-determine if new packages are opti- mally designed for e-commerce and other applications. The new test lab will service Great Northern custom- ers from all locations and business units. The test lab exposes packages and loaded pallets to automated tests that simulate anticipated condi- tions and potential hazards that could be encoun- tered throughout the supply chain and distribution channels. A series of ISTA 6 standard tests will sim- ulate drop, impact, compression and vibration. The rigorous testing will challenge package integrity, structure and its ability to withstand potential im- pacts and motions. South Africa Brewery Adopts Ritrama’s Linerless Technology SAB (South Africa Brewery), part of ABInBev Group company, is the first worldwide to adopt Ritrama’s Core Linerless Solutions to label its beer bottles. Core Linerless Solutions is a technological platform -
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Flexo Market News February 3, 2020 9
AICC Offers Leadership, Production Seminars
Flexo Market News
Members of AICC,The Independent Packaging Asso- ciation, can now register for two back-to-back semi- nars: Production Leadership: Next Level Supervision of People & Process and Production Measurement: Benchmarking & Buy-in , to be held April 21-22 and April 23-24 at StandFast Group in Carol Stream, Illinois. Production Leadership: Next Level Supervision of People & Process will teach managers in independent corrugated, folding carton, and rigid box plants to ad- dress the constant changes in the marketplace and workforce. This course will provide any manager in the packaging industry skills and hands-on experience with the tools of leadership and improvement. The coursework will focus on converting the will- ing to the willing and capable. Attendees will strate- gize about converting the unwilling and capable, like change-resistant long-term employees, back to en- gaged employees. Production Measurement: Benchmarking & Buy- in brings attendees into theWar Room to practice us- ing tools to increase productivity and reduce employ- ee turnover in a virtual company and on the real host plant floor. Participants will work together to find solutions to reach the goal of cutting setup times by 65 percent. Attendees will also work with the crew of the host plant, StandFast Group, to put their new skills into action. Both seminars will be led by Scott Ellis, Ed.D, Prin- cipal,Working Well LLC, a leadership and process im- provement specialist who serves on AICC’s faculty to assist in building the Packaging School curriculum. APR Installs 50th RFID Inventory System All Printing Resources (APR), Glendale Heights, Il- linois, has installed its 50th SUPPLYSENTRY RFID Inventory Management System at Oak Creek, Wis- consin-based Südpack USA. Südpack, a multinational packaging group with headquarters in Germany, spe- cializes in flexo, rotogravure and digital flexible pack- aging applications. Consolidated Container Rebrands As Altium Consolidated Container Company (CCC), a packag- ing solutions company, has rebranded the company as Altium Packaging.Further,Tri State Distribution,a phar- maceutical packaging manufacture that CCC acquired in June 2019, will be rebranded as Altium Healthcare.
Adheso-Graphics, Inc. www.adheso-graphics.com
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10 February 3, 2020 Flexo Market News
0DUFK Live Demo to be held in Uteco N.A. In Kennesaw, GA
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LAMINATION Rainbow 4.0 for short & long run suitable for food packaging
DIGITAL Special presentation on the latest digital technology: Sapphire Evo Wide 50“ High 6 peed 3 latform.
Experience the new printing innovation with Bellissima S rinting technology delivering a previously unobtainable level of image reproduction for Flexo printing
Uteco North America ,QF 3400 Town Point Drive 6WH Kennesaw GA 30144 (Ph. 770-427-4 00) )D[ ZZZXWHFRQDFRP 5693WRQRUWKDPHULFD#XWHFRFRP Uteco North America ,QF 3400 Town Point Drive 6WH Kennesaw GA 30144
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Skanem Stavanger Acquires New FA-22 From Nilpeter Skanem Stavanger, Norway’s largest producer of self-adhesive labels, has acquired a new 9-color FA-22 from Nilpeter.The company said the FA-22 is a perfect fit for Skanem’s commitment to sustainability, renew- able products, and reusable materials.
Flexo Market News
Eaglewood Technologies, LLC www.eaglewoodtech.com
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In other news, Catapult Print, Orlando, Florida, has added a third Nilpeter FA press at its facility.The com- pany, which has had its other two Nilpeter presses since its 2018 launch, specializes in linerless labels, pressure sensitive and narrow web film. The press has been enhanced by AVT’s Helios S Tur- bo+ and Workflow Link as well as Bellissima Digitally Modulated Screening from Hamillroad Software. Expanding Partnership In other news, Nuceria Group, a long-time Nilpeter partner and part of All4Labels, has expanded its port- folio with the installation of Nilpeter’s new High-Build Inkjet Varnish Unit on its MO-4 combination offset press.The installation is the first of its kind in Italy. The new High-Build Varnish InkJet Unit reportedly offers embellishment capabilities for requirements in the health, personal care, wine & spirits segments, to name a few. The High-Build Varnish InkJet Unit is touch-screen based, with an easy-to-use Graphic User Interface.The unit supports a wide range of substrates, such as PP, PE, PET, and foil, and can be positioned at any point in the press configuration. Eirik Bergh, Managing Director of Skanem Stavanger, welcomes the new Nilpeter press.
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12 February 3, 2020 Flexo Market News
Flexo Wash (Cont’d from Page 5)
Both technology and sales acumen were put to the test in the company’s formative years, as Ryan and his father provided demos from the back of a trailer they drove from state to state, doing 250 such road shows every year. When Patrick joined the company, after 20 years in the financial industry, he wanted to focus on the same elements that had made the company grow under his father’s guidance.
Pack Expo East March 3-5, 2020 Philadelphia, PA TLMI Converter Meeting March 8-10, 2020 Austin, TX
Propak East Africa March 17-19, 2020 KICC - Nairobi, Kenya FTA Annual Meeting/INFOFLEX April 19-22, 2020 Columbus, OH Labelexpo Southeast Asia 2020 May 7-9, 2020 Bangkok International Trade & Exhibition Centre
Bangkok, Thailand Pack Expo Mexico June 2-5, 2020 Mexico City, Mexico FTA Europe Diamond Awards June 18, 2000
Flexo Wash’s growth necessitated a move to a new, modern 12,000-square-foot facility.
“Being constantly open to what our customers tell us has been our driving force,” said Patrick.“Their input has been invaluable and has guided us every step of the way.” Patrick’s ultimate goal in joining the company was very straightforward: “I just wanted to continue this amazing legacy.” Patrick and Ryan’s adherence to customers first — as was the case with their father before them — has pushed the company to increasing heights, with year after year growth. The success meant it was time to move to a new, larger facility. Following a two-year search, Flexo Wash recently re- located to a larger, more modernized, 12,000-square- foot facility, which not only improves office, inventory and shipping and receiving space but also allowed the company to set up an in-house demo center.This com- plements the other demo centers around the world that feature the company’s products, such as Fox Valley Technical College and California State University Ful- lerton, as well as a number of OEM facilities including Mark Andy, Nilpeter, Uteco, Siegwerk,Omet, and MPS. Forward Progress In an industry — and world — increasingly focused in sustainability,FlexoWash feels it is nicely positioned to address the environmental questions and needs of its customers.
Intercontinental Hotel Düsseldorf, Germany drupa 2020
June 23 - July 3, 2020 Dussedorf, Germany Labelexpo Americas September 15-17, 2020 Donald E. Stephens Convention Center Rosemont, IL
TAPPI/AICC CorrExpo September 14-17, 2020 Orange County Convention Center and Omni Hotel Orlando, FL
GRAPH EXPO 20 October 4-7, 2020 Chicago’s McCormick Place Chicago, Illinois Labelexpo India October 28 - November 1, 2020 India Expo Centre Greater Noida, Delhi NCR
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Flexo Market News February 3, 2020 13
Flexo Wash (Cont’d from Page 13)
“We’ve always been heavily focused on the environ- ment, in part because we’ve internally always recog- nized its importance but also in regards to our custom- ers who turn to us for guidance on the matter,” said Patrick.“Environmental regulations change from state to state, and even county to county, so we have to be prepared to consult with our customers and help them incorporate the best technology possible from Flexo Wash to meet their particular needs. We work with our customers on a case-by-case basis.” As for the other challenges facing the flexo industry, such as reducing downtime and the move toward au- tomation, Patrick and Ryan have positioned the com- pany toward future growth. “We are the only company solely focused on cleaning, which sets us apart,” said Patrick. “And now with our expansion, we have a great environment for demos, greater capacity for inventory, and the ability to ship parts out for next-day delivery, all added to our full- time service team.” Going forward, the management team of FlexoWash knows it must look toward the future, while maintain- ing one foot in the past. “It’s important that we recognize the challenges fac- ing our customers, while also recognizing that those challenges change,”Patrick said. “We solve problems for our customers, but those problems can look differ- ent with each new visit. “And in addition to focusing on our forward progress,” he continued,“We must always honor the core beliefs that the company was founded on to begin with. Lis- tening to our customers, putting their needs first and following through on what we promise.” Wizard Labels Reports Record Gains Wizard Labels, the all-digital, online provider of cus- tom labels, reported a growth rate that was 10 times faster than the overall North American labels market, as estimated by TLMI. In September 2019, Wizard Labels was recognized with a ranking in the Inc. 5000 Fastest Growing Pri- vately Held Companies in America. Eaglewood Seeks Sales Reps Eaglewood Technologies, a leading supplier of SAFE, SMART, SUPERIOR products for the FLEXO market, seeks Independent FLEXO sales representatives in the Eastern and Western regions of the U.S. to represent our growing product portfolio. Please send your inquiries to Petej@eaglewoodtech.com
ARC International Now Hiring!! Celebrating their 35th anniversary, ARC International is a world leader in the fabrication and re-manufacturing of preci- sion rolls and sleeves. With state-of-the-art production facil- ities in both Charlotte, NC and Las Vegas NV, ARC Interna- tional manufactures a full range of anilox rolls and sleeves, DLUPDQGUHOVFDUERQÀEHUFKDPEHUV\VWHPVJOXHDQGPHWHU UROOVIHHGDQGSXOOUROOVDQGPXFKPRUHIRUWKHÁH[RJUDSKLF printing industry. Due to our continued growth, ARC International is now seek- ing inside and outside sales representatives. Candidates should have a working knowledge of Flexographic printing and be computer literate. Excellent communication and time man- agement skills along with attention to detail are all required. These challenging new positions offer a competitive VDODU\ERQXV DQG EHQHÀWV SDFNDJH 4XDOLÀHG FDQGL - GDWHV DUH DVNHG WR VXEPLW D UHVXPH LQ FRQÀGHQFH WR email@example.com ARC International is an Equal Opportunity Employer Flexo Market News® is published bi-weekly by NV Business Publishers Corporation, in association with Board Converting News®, Corrugated Today® Recycling Markets®, International Paper Board Industry®, Folding Carton Industry®, and Board Converting News International. Marketing and Circulation offices: PO Box 802, Manasquan, NJ 08736-0802, Phone: (732) 245-3702. Subscription Rates in U.S. and Canada $60 per year or $105 for two years. Overseas rate per year $80 USD. Current issue single copies (pre-paid only) $5.00 in U.S. (elsewhere $7.50); add $5.00 per order for shipping & handling. No part of this publication may be trans- mitted or reproduced without permission from the publisher.
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Partners In Flexo Innovation.
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Àº××ÜÑ×À´Íº¹ÀÍɤ Koenig & Bauer +1 (800) 522-7521 email@example.com koenig-bauer.comPage 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16
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