LATEST PRINT INDUSTRY NEWS

 

Check this space for the latest news, happenings and commentary in the world of print in Asia and the occasional beyond

Features

Xeikon announces postprint digital corrugated solution

4 Jun 2020

Kornit Enables Digital Textile Print Businesses to Answer the COVID-19 Age

4 Jun 2020

Kornit's Vulcan Plus targeted for Asia

29 May 2020

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12 May 2020

Around the world, restaurants have closed their doors to dine-in patrons, leaving delivery or curb-side takeout as the only option to survive through these difficult times. 

CompanyBox, a US-based converter printing on the HP PageWide C500 Press with water-based ink compatible for food applications, developed a takeout box and bakery box...

11 May 2020

HP Inc. together with its global network of print service providers (PSPs) continue to innovate printing applications to help medical teams, businesses and the public adapt in the ongoing effort to combat COVID-19.

“We are living through a time that is very unique to our human experience. The COVID-19 pandemic creates a new paradigm in h...

30 Apr 2020

HP Inc. recently announced the winners of the HP Digital Print Excellence Awards 2020. Now in their 13th  year, the awards celebrate the invaluable contribution print service providers (PSPs) from Asia Pacific make to advancing the print industry through HP Indigo digital presses.

Entries were scored based on overall aesthetics, imp...

24 Apr 2020

HP Inc. announced the winners of the HP Digital Print Excellence Awards 2020. Now in their 13th year, the awards celebrate the invaluable contribution print service providers (PSPs) from Asia Pacific make to advancing the print industry through HP Indigo digital presses. With winners hailing from 14 countries across 25 categories, the j...

2 Apr 2020

Xerox has withdrawn its offer to acquire HP in light of the current COVID-19 situation. In an earlier statement Xerox said that it would only be postponing the takeover bid. 

With the announcement, Xerox drops its US$34 billion bid for HP Inc. 

In a statement it said:

“The current global health crisis and resulting macroeconomic and market...

18 Mar 2020

Xerox has issued a statement that it is putting its HP pursuit on hold amidst the current COVID-19 pandemic. To that end, the company is postponing meetings with HP shareholders.

“In light of the escalating COVID-19 pandemic, Xerox needs to prioritize the health and safety of its employees, customers, partners and affiliates over and abo...

9 Mar 2020

HP unanimously rejects Xerox’s official tender. 

Last week, Xerox officially launched a tender offer HP’s outstanding shares at $24 per share.

HP’s board has already returned with its unanimous recommendation to shareholders to not tender shares in the Xerox offer. HP returned with the recommendation in three days, initially asking for 10...

6 Mar 2020

Canon will cut off ties with HP should Xerox’s acquisition happen, according to its CEO and Chairman Fujio Mitarai in an interview with Nikkei Asian Review.

Canon has a 35-year partnership with HP, of which Mitarai said that the foundation has been based on a “relationship of trust between top management” of both companies and “is not so...

6 Mar 2020

HP Indigo 30000 digital presses can be modified to print on substrates with a thickness of 660 microns.

The HP Indigo 30000 can originally take substrates that are up to 600 microns thick. In a development project run by Green Gift Cards, HP Indigo, Transcend Packaging and Iggesund Paperboard, that thickness has now been raised to 660 mi...

3 Mar 2020

Xerox has officially made a tender offer to acquire all of HP’s outstanding shares. The deal values HP share at $24 each, or about $34 billion in total. The value comprise of $18.40 in cash and 0.149 Xerox shares for each HP share. HP shareholders are invited to tender their shares before 5pm New York City Time on 21 April 2020.

“Our pro...

28 Feb 2020

HP Inc. and ePac Flexible Packaging announced that ePac hit a new production record at the start of 2020 on its fleet of HP Indigo 20000 digital presses operating globally, driven by a doubling of its customer base in the past year.

ePac expanded to Asia in December last year after it established ePac Holdings Asia Pacific. The manufactu...

27 Feb 2020

As Xerox 'wine and dines' HP shareholders, HP makes its own promises.

HP announced a multi-year strategic and financial value creation plan to benefit its shareholders. In this plan, HP is promising to return some USD$16 billion to its shareholders during fiscal 2020 to fiscal 2022. This represents about 50% of HP’s current market c...

11 Feb 2020

The Xerox vs HP saga continues.

Xerox announced its intention to launch a tender offer in March for HP Inc., at a price of $24 per share. This raises its original offer from $22.

The offer will comprise $18.40 in cash and 0.149 Xerox shares for each HP share. Xerox will launch the offer on or around 2 March.

The increased offer was in resp...

28 Jan 2020

Xerox goes for HP in hostile takeover bid.

Xerox intends to nominate 11 independent candidates to replace HP’s Board of Directors at HP’s 2020 Annual Meeting of Stockholders.

The candidates include former senior executives from companies such as Aetna, United Airlines, Hilton Hotels, Novartis, Verizon and more.

“HP shareholders have told u...

17 Jan 2020

Following Xerox’s announcement of securing US$24 billion in financing commitments, HP has once again rejected Xerox’s takeover bid.

The rejection was done via a letter from HP chairman Chip Bergh and CEO Enrique Lores to Xerox CEO John Visentin, stating the financing does not “address the key issue that Xerox’s proposal significantly und...

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