Kodak emerges from bankruptcy to focus on imaging for business
Kodak has emerged from bankruptcy to focus on imaging for business. The iconic film firm filed for bankruptcy protection in January 2012 after failing to adapt to the digital photography revolution.
“We have emerged as a technology company serving imaging for business markets – including packaging, functional printing, graphic communications and professional services,” said chairman and CEO Antonio Perez: “We have been revitalised by our transformation and restructured to become a formidable competitor – leaner, with a strong capital structure, a healthy balance sheet, and the industry’s best technology.”
“We are setting a trajectory for profitable growth. We have the right technology at the right time as printing markets increasingly transition to digital,” Perez added.
As a result of the company’s restructuring, Kodak’s UK pension fund now owns its Personalised Imaging and Document Imaging businesses. Printing equipment and business services will be its main products.
(Photo: Thomas Belknap)
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