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COVID-19 Special Update: CARES Act Passed by Congress; on to President for Signature

In these unprecedented and uncertain times, Printing Industries of America is committed to providing the printing community with the most up-to-date resources on the ongoing COVID-19 situation. Below is a state of play as of March 27:

CARES Act Passed by Congress; on to President for Signature


No HANNOVER MESSE in 2020

HANNOVER MESSE cannot take place this year due to the increasingly critical situation surrounding the Covid-19 pandemic. The Hannover region has issued a decree that prohibits the staging of the world’s leading tradeshow for industrial technology. From now until the next HANNOVER MESSE in April 2021, a digital information and networking offer will provide exhibitors and visitors with the opportunity for economic policy orientation and technological exchange.

Aurora Board and Executive Changes to Strengthen Commercialisation Capability

Aurora Board and Executive Changes to Strengthen Commercialisation Capability

Founder David Budge to take up Chief Technical Officer role

Peter Snowsill, currently Chief Operating Officer, will act as interim CEO

Board to transition to majority independent, non-executive makeup, with additional appointments and resignation of current Chairman

Grant Mooney joins the Board as Non-Executive Chairman, Ashley Zimpel joins as Non-Executive Director

Update on Durst HQ situation

">With a heavy heart, we close our headquarters form 16. March to 3. April. Fortunately, we have no more cases, and we are all doing well. Still, out of solidarity with our families and out of respect for doctors and medical staff, we are doing what helps most: we are actively contributing to stop the further spread of the virus and stay at home.

S&P Global Ratings lowered Metso’s credit rating

S&P Global Ratings has lowered its long- and short-term issuer credit ratings on Metso Corporation to 'BBB-/A-3'. Metso credit ratings remain on CreditWatch, where S&P placed them with negative implications on July 9, 2019. Metso’s credit rating will continue as the rating of the future Neles Corporation, which is due to be formed in Metso’s partial demerger, that is currently planned to take place on June 30, 2020.


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