Last updateFri, 30 Jun 2023 3am

Resolute Announces Asset Purchase Agreement to Sell the Thunder Bay Pulp and Paper Mill

Resolute Forest Products Inc., a subsidiary of Domtar Corporation and a part of the Paper Excellence Group, today announced that it has entered into an asset purchase agreement to sell its Thunder Bay (Ontario) pulp and paper mill to an affiliate of Atlas Holdings.

Notice regarding a Business Partnership between Ricoh and Toshiba Tec by necessary procedures such as Simplified Absorption-type Company Split, etc.

Ricoh Company, Ltd. (President and CEO: Akira Oyama; hereinafter “Ricoh”) and Toshiba Tec Corporation (President and CEO: Hironobu Nishikori; hereinafter “Toshiba Tec”) hereby announce that today at meetings of the Boards of Directors of both companies, the two companies resolved to conclude an agreement to set the terms and conditions for integrating businesses regarding the development and manufacturing of multifunction printers and other devices (hereinafter “MFPs”) by necessary procedures such as company split effective on a specific day between April 1, 2024 and June 30, 2024 to be separately agreed upon by the two companies (hereinafter the “Business Integration”). The Boards of Directors of both companies also resolved to conclude a shareholders agreement related to the Business Integration.

Epson Makes Additional Investment in Space Robotics Development Startup GITAI

Seiko Epson Corporation (TSE: 6724, "Epson") and its subsidiary Epson X Investment Corporation ("EXI") recently made an additional investment in GITAI Japan Inc., a startup company that develops general-purpose space robots. The investment was made through their EP-GB Investment Limited Partnership.

Canva significantly invests in Europe

Founders Melanie Perkins, Cliff Obrecht and Cameron Adams reinforce commitment to European markets, share regional strategy and introduce new data visualisation product integrations
Canva, the world's only all-in-one visual communication platform, unveiled its first European campus in London as the company shared plans to accelerate growth in the market.

Arkema acquires Polytec PT, specialised in adhesives for batteries and electronics

With the proposed acquisition of Polytec PT, Arkema will strengthen Bostik's product offering to serve the fast growing battery and electronics markets. This targeted acquisition is in line with the Group's strategy to become a complete systems supplier and to support its customers in developing sustainable solutions for the battery and electronics markets.

Financial Statements 2022: Fedrigoni increases its turnover by 37% and exceeds the 2 billion euro threshold

Premium labels / self-adhesives and specialty papers both on the rise
· The Group is the world's leading player in wine labels and specialty papers for luxury packaging, the second in drawing papers and the third in self-adhesive materials, also thanks to six deals last year that brought the total number of deals in 2018 to 12.

Kyocera to Acquire Construction Site in Japan for New Smart Factory

Most state-of-the-art Kyocera facility will be constructed on about 37 acres in Isahaya, Nagasaki Prefecture, to feature new automotive and communication innovations

Kyocera Corporation (hereinafter: Kyocera) today announced that it has reached an agreement to acquire about 37 acres of land for a new smart factory at the Minami Isahaya Industrial Park in Isahaya City, Nagasaki Prefecture.

Koenig & Bauer with a dynamic start to the new financial year and confirms forecast for 2023

Metamor[e] phosis: this is not only the motto and the theme of the images in this year’s annual report summary of the Koenig & Bauer Group but also the corporate maxim, because it is in the Company’s DNA to constantly develop over a history spanning more than 200 years. The pursuit of “more” means thinking outside the box. It involves crossing boundaries and being open for new things. At the same time, it shows how important adaptability has always been for our Company, and how our Exceeding Print strategy enables us to master the necessary transformation.Growth across all segments led to a surge in revenue of around 18% to €281.0m (previous year: €238.4m) in the first quarter of 2023 and thus the highest Q1 revenue in the Company’s recent history

EBIT improved by €5.3m to €-3.2m, equivalent to a gain of approx. 62% year-on-year
Increase in the cost of materials, in personnel and energy costs was nearly offset by price rises
At €301.2m, the order intake in the first quarter was in line with expectations
Outlook for 2023 reaffirmed: revenue growth to €1.3bn along with an EBIT margin of around 3%

Epson Invests in Startup AI Silk, a Developer and Manufacturer of High-Performance Conductive Textiles

Seiko Epson Corporation (TSE: 6724, "Epson") and its subsidiary company Epson X Investment Corporation ("EXI") have invested in Japanese startup company AI Silk Corporation through a joint fund, the EP-GB Investment Limited Partnership. Sendai-based AI Silk, a startup that spun out of Tohoku University, develops and manufactures a high-performance conductive textile called "LEAD SKIN®".

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