“The health and safety of our employees remains our top priority,” said Joel Quadracci, Quad’s Chairman, President and CEO. “We have directed employees who can work from home to do so, as well as implemented additional social distancing and sanitizing precautions to ensure the safety of our employees working in essential manufacturing facilities. We have implemented a temporary furlough program throughout all areas of the Company and have temporarily ceased operations at a number of our manufacturing facilities. We will continue to prioritize the health and well-being of our employees while making the tough but necessary decisions to protect the financial health of Quad. Through it all, we will continue to provide extraordinary client service and quality to quickly meet our clients changing needs and innovate new ideas to help them maintain business continuity and consumer engagement during this period of uncertainty.” Recent COVID-19 Actions: *Suspended all domestic and international travel; *Implemented temporary salary reductions for over 300 leaders, including a 50% salary reduction for the CEO and a 35% reduction for the other named executive officers; *At the recommendation of the Board of Directors, temporarily reduced directors’ fees by 50%; *Implemented a temporary employee furlough program with Company-paid medical benefits; *Changed vacation policies; *Suspended production at several manufacturing facilities where declining client volume or other effects of the pandemic have impacted the Company’s ability to operate; *Delayed capital spending projects; and *Increased borrowings by $100 million under the credit facility to increase cash on hand to approximately $200 million to ensure continued financial flexibility.
Aligning with the company’s mission to support its customers on their digital transformation journeys, Canon U.S.A. Inc., a provider of digital imaging solutions, and its wholly owned subsidiary, Canon Solutions America, Inc., announced the launch of an exciting new proposition for commercial printers: the varioPRINT iX-series. Built on the success of the varioPRINT i-series platform introduced in 2015, this advanced sheetfed inkjet press utilizes iQuariusiX technologies. These technologies combine the image quality of offset with the productivity and cost efficiency of production inkjet to support customers with production volumes of one to 10 million letter images per month. Offering an average 94% uptime and virtually eliminating the need for daily calibration and maintenance, the varioPRINT iX-series streamlines productivity, and helps to improve overall running costs, differentiating itself from other market technologies. Through this press, customers can print up to 4,500 12x18˝ sheets per hour (or up to 312 letter images per minute) on a wide range of media, including offset coated paper ranging from 90 to 350gsm with native 1200 dpi processing. This feature allows customers to produce high volumes of commercial print applications, from marketing collateral and premium direct mail, to catalogs, magazines and books.
Flint Group Packaging Inks Europe today confirms the implementation of a solvent surcharge for its solvent-based inks and coatings in Europe, effective 1st April 2020. The surcharge will be implemented as promptly as possible and will vary depending upon the specific product portfolio and commercial terms each customer has in place. The surcharge will remain active until the current raw material volatility subsides. Orders received up until 31st March 2020 will not be affected. The progressively worsening global economic situation caused by the current coronavirus (COVID-19) pandemic is placing untenable pressure on the supply chain for packaging inks and coatings. Supply across a number of raw material categories, notably solvents, is tightening and costs are rising quickly as the market becomes more constrained. Additionally, freight constraints are resulting in higher costs across all transportation modes.
It’s Day 5 of working remote — perhaps even longer since it’s hard to keep track — and all the days have started to blend together. Your family turned coworkers are raising a coup to overthrow you. The house is a mess. Your inbox is on fire from every brand under the sun giving their slightly different, but ultimately the same take on COVID-19. It’s anarchy. Suddenly, your vision cuts through the fog of war to rest on your stack of mail. On top is a beautifully printed catalog. You pick it up and begin to relax as your sense of touch activates your neurotransmitters, a phenomenon explained in the Neuroscience of Touch. As you begin flipping through the piece, you are transported away from the chaos and into the serene lifestyle spreads of the catalog. This is the magic of print. click read more below for the rest of the story
At Minuteman Press in Levittown, N.Y., owner Michael Levy may never have imagined that his 3D Printing machine would be put to use to help in the fight against our current, but temporary enemy, COVID-19, but that’s exactly how he is choosing to use it today. He has always been generous in spirit and in the value that he offers for superior design and printing to his local business and non-profit organizations, but when he realized he could help produce face shields for health care providers, he did not hesitate, nor look for compensation. “I got a text from my sister on March 23 with an article about a couple in Syracuse printing a face-shield to help protect providers. I looked into it immediately, contacted the journalist and explained that my Minuteman Press center has 3D printing technology and we wish to help. I obtained the files I needed to print most of all the needed parts, converted the files for our 3D technology, did a test run and it worked! I shared a photo of the shield we printed on Facebook and immediately, I got offers for materials to assemble them fully and make them comfortable. It is without question that we would do all we can at Minuteman Press to help both our health care and our communications industries right now.” click read more below
From April 2020, Heidelberger Druckmaschinen AG (Heidelberg) will be putting the most intelligent and automated Speedmaster ever into series production. The completely redesigned Prinect Press Center generation with the new Speedmaster Operating System delivers Push to Stop functionality and connection to the Prinect Cloud to every Speedmaster. Many new digital assistance systems, such as the Wash Assistant or Intellirun on the Wallscreen XL, turn the Prinect Press Center into a modern, attractive workstation, and allow the operator to continuously call on the machine’s performance potential. However, the hardware has evolved as well. In addition to the new and significantly larger 24-inch multi-touchscreen, the standard illuminant lighting to ISO 3664:2009 was converted to LED. Instead of time-consuming tube changes, as before, switching between standard illuminant D50 and D65 with and without UV is now done simply by pressing a button. click read more below for more detail
In the Packaging sector, which represents about half of our revenues, the vast majority of our operations supports the vital food industry, a sector considered critical by governments. While some of our other verticals are experiencing a decrease in volumes due to government restrictions or the economic slowdown, our verticals related to food are running at high capacity. In the Print sector, the measures announced by the Governments of Ontario and Québec to close all non-essential businesses and services as of midnight on March 24, for two weeks in Ontario and three weeks in Québec, are resulting in a significant temporary reduction in printing activities, and approximately 1,600 temporary layoffs. TC Transcontinental otherwise continues, as requested by governments, to serve its clients in businesses and services identified as essential.
While it is still too early to understand what kind of long-term impact the coronavirus outbreak will have on the U.S. printing industry, Los Angeles-based Sinclair Printing appears to be an early casualty. Effective March 20, the high-end commercial, book, and catalog printing facility — which once employed 120 workers — was reduced to a skeleton crew. "Without a clear understanding of what the condition of the business, our customers, and the printing industry will be when the COVID-19 pandemic is over, it was decided that the best course of action was to make the necessary reduction immediately," Susan Wiercinski, VP of marketing at CJK Group, told Printing Impressions in a statement. "A small team has been retained to complete work-in-process and to assist customers as we facilitate the transfer of compatible work to other CJK Group printing facilities," she added. "Once the COVID-19 pandemic has passed, CJK Group leadership will re-evaluate the business conditions and determine when, or if, it is beneficial to continue the Sinclair Printing operation."
Sun Chemical will implement surcharges affecting its solvent liquid inks in Europe, effective 1 April 2020. The current situation is causing considerable pressure on the supply chain of alcohols – in particular, ethanol. With supply already limited in the second half of 2019 due to a bad crop of raw materials increasing the demand for fuel ethanol, the coronavirus (COVID-19) has caused further increased demand for pharmaceutical and sanitized products, with governments considering allocation measures. While availability is reducing globally, prices are increasing quickly. In order to secure its supplies for the coming months, Sun Chemical has accepted higher prices to comply with current market conditions. The risk always exists that governments may seize the products for health emergency reasons – a situation that is beyond Sun Chemical’s control.
PINE is the trade association serving the New England graphic communications industry and providing professional management assistance with a broad range of services that enhance members’ efforts to improve their profitability and ensure their success. For more information please visit: pine.org “We’re pleased to become a member of Two Sides North America. They are a global resource promoting the sustainability of printing and paper, which benefits our members and the industry in so many ways,” says Christine Hagopian, President, PINE.