Electronics For Imaging, Inc. (Nasdaq:EFII) announced today the acquisition of Escada Systems (Escada), a leading provider of Corrugator Control systems for the packaging market. Based in the United Kingdom and with operations also in the United States, privately held Escada brings a strong reputation for innovation and vast experience in helping packaging companies to achieve greater productivity, quality and profitability. EFI is a market leader in providing a complete ecosystem for corrugated production, that includes the EFI Nozomi C18000, an ultra-high-speed single-pass LED inkjet press powered by the award winning Fiery DFE together with leading edge inks, and the EFI Corrugated Packaging Productivity Suite, the market's first end-to-end software offering for business management and manufacturing execution, which is gaining global momentum, serving corrugated packaging companies around the globe. The addition of Escada's technology and expertise will enable EFI to expand the Productivity Suite's value to sheet feeders and full corrugated box plants, to also include comprehensive control and traceability for the entire corrugation process. Click Read More below for additional detail.
Smurfit Kappa is substantially expanding its converting capacity at four manufacturing plants across the Czech Republic and Slovakia with a significant €20 million investment. The investment further highlights Smurfit Kappa’s commitment to its customers and operations in Eastern Europe.
The investment consists of four major projects, three undertaken in the Czech Republic, at Smurfit Kappa facilities in Žebrák, Žimrovice, and Olomouc, and one in Slovakia at Smurfit Kappa Štúrovo. All four projects are expected to be completed by the end of this year.
Commenting on the announcement, Edwin Goffard, COO of Smurfit Kappa Europe Corrugated said: “This significant investment by Smurfit Kappa marks a commitment in further developing our presence in Eastern Europe. From both a product and geographical perspective, Smurfit Kappa Czech Republic and Slovakia are excellently positioned to serve an evolving and ever-growing market, and this investment will support further growth of the business.”
The investment will see the installation of new converting equipment which will increase capacity by over 100 million regular and offset printed boxes per annum. The new state-of-the art equipment will enable the plants to meet their respective increasing customer demand for sustainable, paper-based packaging, and to deliver high quality packaging solutions on a consistent basis. The investment also adds the opportunity to bring the employees an even safer and more ergonomic workplace.
Zdenek Suchitra, CEO of Smurfit Kappa Czech Republic and Slovakia said: “We are delighted to see the continued growth and success of our customers here in the Czech Republic, Slovakia and Hungary. This new investment ensures we are excellently equipped to satisfy a wide variety of customer needs and to continue delivering our high quality solutions, as well as best-in-class efficiency, to the market.”