Uteco Reports Host Of New Installations
Heidelberg Retreats From Flexo With Gallus Sale Having decided to focus on its core business of sheet- fed printing, Heidelberg is selling the Gallus Group to the Swiss packaging business benpac holding, six years after purchasing the company. The transaction will see benpac assume owner- ship of Gallus Holding AG in St. Gallen, Gallus Ferd. Rüesch AG in St. Gallen, Gallus Druckmaschinen GmbH in Langgöns, Heidelberg Web Carton Con- verting GmbH (WCC) in Weiden in der Oberpfalz, and Menschick Trockensysteme GmbH in Rennin- gen – five sites with a total of some 430 employees in Germany and Switzerland. With an agreed pur- chase price of some 120 million euros, Heidelberg is expecting the deal to generate earnings in the mid two-digit million-euro range.The parameters will be finalised at the time of closing. The sale, which still needs to be approved by the relevant bodies and is subject to other condition precedents, is set to take effect before the end of 2020. “We are selling our narrow-web rotary and rota- ry flexographic printing activities to focus more closely on innovative solutions for the entire print- ed sheet value chain,” said Heidelberg CEO Rainer Hundsdörfer.
While the COVID-19 pandemic continues to cause enormous difficulties for converting companies both large and small, press manufacturer Uteco has seen steady business over the past seven months. The company has reported press installations in Utah,Maryland, NewYork,Texas,Arizona,Alabama, and two installations in Montreal. Sapphire Expansion Additionally, the third Uteco Sapphire Evo M press has been shipped to a North American flexible pack- aging converter, where it will be used for large quan- tities of short run jobs. Other two presses are already installed in Italy and Japan. The Sapphire Evo M Press was developed jointly by the Uteco Group and Kodak to help flexible packaging printers migrate jobs from traditional printing processes to digital.The machine utilizes Kodak’s Stream continu- ous inkjet technology and water-based pigment inks from Kodak and supports a maximum web width of up to 25 inches. It features production speeds of more than 500 feet per minute. Uteco also reports that a Sapphire Evo W 53-inch digital press will be coming into North America by the end of the year.
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Flexo Market News August 3, 2020 3
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