Flashing News

Image

Konica Minolta Expands Presence in Saudi Arabia with New Re…

Konica Minolta, a global leader in imaging products, business solutions, and digital transformation services, is pleased to announce the opening of its new Regional Headquarters (RHQ) in the Kingdom of Saudi Arabia (KSA). This strategic move underscores the company’s strategic initiative on significant market expansion and opportunities ahead and its ambition to better serve customers across the region. Located in Riyadh, the new RHQ will serve as the central hub for Konica Minolta’s operations in KSA, facilitating stronger collaboration with local businesses, government entities, and customers. A Commitment to Saudi Vision 2030 Konica Minolta’s investment in KSA is closely aligned with Saudi Arabia’s Vision 2030, which aims to diversify the economy and foster innovation across various sectors. As part of its dedication to the country’s economic development, Konica Minolta plans to grow in the Saudi Arabian market focusing on expanding its market reach and broadening its partner portfolio, ensuring a robust presence in this transformative strategic management. “We are excited to establish our new regional headquarters in Saudi Arabia, a country that is undergoing rapid transformation and presents significant opportunities for innovation,” said Osamu Miyauchi, CEO/Managing Director of Konica Minolta Arabia. “Our commitment to the Kingdom is strong, and this new RHQ allows us to engage more closely with local businesses and government partners to support Saudi Arabia‘s businesses in the Print Industry Landscape to its journey of transformation.” Focus on Innovation and Sustainability The new headquarters will also serve as a focal point for Konica Minolta’s efforts to bring next-generation technologies and sustainable solutions to the Saudi market. The company’s diverse portfolio includes cutting-edge products and services and sustainable business practices, with a strong emphasis on reducing environmental impact. Konica Minolta’s dedication to sustainability is reflected in its global initiatives, and the Saudi Arabian RHQ will serve as a springboard for developing new programs that support the Kingdom’s sustainability goals and initiatives related to energy efficiency, waste reduction, and environmental stewardship. Looking Ahead Konica Minolta's digital printing solutions have become an essential part of the Middle East's evolving print industry, offering advanced technologies and versatile solutions for a wide range of businesses and sectors. As the region continues to develop its infrastructure and embrace technological advancements, Konica Minolta’s digital printing products cater to the growing demand for high-quality, cost-effective, and sustainable printing solutions. Konica Minolta provides cutting-edge digital printing technology, especially for commercial printers and print service providers in the Middle East. These printers offer high-speed, high-quality printing, enabling businesses to produce a variety of print materials, such as marketing collateral, brochures, catalogs, business cards etc. Konica Minolta's AccurioPress series and AccurioPrint range are among the leading digital printing solutions designed to meet the needs of high-volume and commercial printers. Its digital printing solutions are used across a broad spectrum of applications in the Middle East including commercial printers, packaging, digital labels and embellishment, books and publishing etc. Through advanced technology, personalized print services, sustainability efforts, and comprehensive customer support, Konica Minolta is helping businesses in the region stay competitive while meeting the evolving demands of the market. The company’s ability to deliver high-quality, cost-effective, and environmentally friendly digital printing solutions makes it a preferred choice for a wide range of industries in the Middle East.
1 of 47. >>
Image

Konica Minolta Expands Presence in Saudi Arabia with New Re…

Konica Minolta, a global leader in imaging products, business solutions, and digital transformation services, is pleased to announce the opening of its new Regional Headquarters (RHQ) in the Kingdom of Saudi Arabia (KSA). This strategic move underscores the company’s strategic initiative on significant market expansion and opportunities ahead and its ambition to better serve customers across the region. Located in Riyadh, the new RHQ will serve as the central hub for Konica Minolta’s operations in KSA, facilitating stronger collaboration with local businesses, government entities, and customers. A Commitment to Saudi Vision 2030 Konica Minolta’s investment in KSA is closely aligned with Saudi Arabia’s Vision 2030, which aims to diversify the economy and foster innovation across various sectors. As part of its dedication to the country’s economic development, Konica Minolta plans to grow in the Saudi Arabian market focusing on expanding its market reach and broadening its partner portfolio, ensuring a robust presence in this transformative strategic management. “We are excited to establish our new regional headquarters in Saudi Arabia, a country that is undergoing rapid transformation and presents significant opportunities for innovation,” said Osamu Miyauchi, CEO/Managing Director of Konica Minolta Arabia. “Our commitment to the Kingdom is strong, and this new RHQ allows us to engage more closely with local businesses and government partners to support Saudi Arabia‘s businesses in the Print Industry Landscape to its journey of transformation.” Focus on Innovation and Sustainability The new headquarters will also serve as a focal point for Konica Minolta’s efforts to bring next-generation technologies and sustainable solutions to the Saudi market. The company’s diverse portfolio includes cutting-edge products and services and sustainable business practices, with a strong emphasis on reducing environmental impact. Konica Minolta’s dedication to sustainability is reflected in its global initiatives, and the Saudi Arabian RHQ will serve as a springboard for developing new programs that support the Kingdom’s sustainability goals and initiatives related to energy efficiency, waste reduction, and environmental stewardship. Looking Ahead Konica Minolta's digital printing solutions have become an essential part of the Middle East's evolving print industry, offering advanced technologies and versatile solutions for a wide range of businesses and sectors. As the region continues to develop its infrastructure and embrace technological advancements, Konica Minolta’s digital printing products cater to the growing demand for high-quality, cost-effective, and sustainable printing solutions. Konica Minolta provides cutting-edge digital printing technology, especially for commercial printers and print service providers in the Middle East. These printers offer high-speed, high-quality printing, enabling businesses to produce a variety of print materials, such as marketing collateral, brochures, catalogs, business cards etc. Konica Minolta's AccurioPress series and AccurioPrint range are among the leading digital printing solutions designed to meet the needs of high-volume and commercial printers. Its digital printing solutions are used across a broad spectrum of applications in the Middle East including commercial printers, packaging, digital labels and embellishment, books and publishing etc. Through advanced technology, personalized print services, sustainability efforts, and comprehensive customer support, Konica Minolta is helping businesses in the region stay competitive while meeting the evolving demands of the market. The company’s ability to deliver high-quality, cost-effective, and environmentally friendly digital printing solutions makes it a preferred choice for a wide range of industries in the Middle East.
1 of 47. >>
sidebar image
Dhanya A K

Konica Minolta Expands Presence in Saudi Arabia with New Regional Hea…

Konica Minolta, a global leader in imaging products, business solutions, and digital transformation services, is pleased to announce the opening of its new Regional Headquarters (RHQ) in the Kingdom of Saudi Arabia (KSA). This strategic move underscores the company’s strategic initiative on significant market expansion and opportunities ahead and its ambition to better serve customers across the region. Located in Riyadh, the new RHQ will serve as the central hub for Konica Minolta’s operations in KSA, facilitating stronger collaboration with local businesses, government entities, and customers. A Commitment to Saudi Vision 2030 Konica Minolta’s investment in KSA is closely aligned with Saudi Arabia’s Vision 2030, which aims to diversify the economy and foster innovation across various sectors. As part of its dedication to the country’s economic development, Konica Minolta plans to grow in the Saudi Arabian market focusing on expanding its market reach and broadening its partner portfolio, ensuring a robust presence in this transformative strategic management. “We are excited to establish our new regional headquarters in Saudi Arabia, a country that is undergoing rapid transformation and presents significant opportunities for innovation,” said Osamu Miyauchi, CEO/Managing Director of Konica Minolta Arabia. “Our commitment to the Kingdom is strong, and this new RHQ allows us to engage more closely with local businesses and government partners to support Saudi Arabia‘s businesses in the Print Industry Landscape to its journey of transformation.” Focus on Innovation and Sustainability The new headquarters will also serve as a focal point for Konica Minolta’s efforts to bring next-generation technologies and sustainable solutions to the Saudi market. The company’s diverse portfolio includes cutting-edge products and services and sustainable business practices, with a strong emphasis on reducing environmental impact. Konica Minolta’s dedication to sustainability is reflected in its global initiatives, and the Saudi Arabian RHQ will serve as a springboard for developing new programs that support the Kingdom’s sustainability goals and initiatives related to energy efficiency, waste reduction, and environmental stewardship. Looking Ahead Konica Minolta's digital printing solutions have become an essential part of the Middle East's evolving print industry, offering advanced technologies and versatile solutions for a wide range of businesses and sectors. As the region continues to develop its infrastructure and embrace technological advancements, Konica Minolta’s digital printing products cater to the growing demand for high-quality, cost-effective, and sustainable printing solutions. Konica Minolta provides cutting-edge digital printing technology, especially for commercial printers and print service providers in the Middle East. These printers offer high-speed, high-quality printing, enabling businesses to produce a variety of print materials, such as marketing collateral, brochures, catalogs, business cards etc. Konica Minolta's AccurioPress series and AccurioPrint range are among the leading digital printing solutions designed to meet the needs of high-volume and commercial printers. Its digital printing solutions are used across a broad spectrum of applications in the Middle East including commercial printers, packaging, digital labels and embellishment, books and publishing etc. Through advanced technology, personalized print services, sustainability efforts, and comprehensive customer support, Konica Minolta is helping businesses in the region stay competitive while meeting the evolving demands of the market. The company’s ability to deliver high-quality, cost-effective, and environmentally friendly digital printing solutions makes it a preferred choice for a wide range of industries in the Middle East.
Read More
1 of 47 >>
Image

Koenig & Bauer standing its ground in a gloomy economic environment i…

Despite the protracted Covid-19 pandemic, persistent supply chain bottlenecks and the resultant increase in the cost of materials and energy, which have been additionally amplified by the war of aggression in Ukraine, the Koenig & Bauer Group (“Koenig & Bauer”) entered 2022 on an upbeat note. In addition to the P24x efficiency programme and a sourcing and sales strategy adjusted to allow for the current procurement situation, this performance was largely underpinned by Koenig & Bauer’s range of products and solutions which is unique in the industry as it masters all industrial printing processes on almost any substrate – including corrugated board – and provides software, systems and services for end-to-end printing and finishing processes.  Order intake and revenue substantially better than the industry average   In the first quarter of 2022, order intake at the Koenig Bauer & Group came to €349.1m, 22.1% up on the already good figure of €286m reported in the previous year. This was significantly better than the industry average, which declined by 5.9%. At €238.4m, Group revenue was slightly down on the previous year by 2.1%. At 20.0%, however, the industry-wide decline in revenue was significantly greater. The proportion of service business, which is becoming increasingly digital, widened from 28.8% in the previous year to 33.9% in the first quarter of 2022. At €917.5m as of 31 March 2022, the order backlog was 36.0% higher than the previous year’s figure of €674.5m, increasing by 13.7% over the end of the previous year.  “Koenig & Bauer thus stood its ground in a gloomy economic environment in the first quarter of 2022”, says Dr Andreas Pleßke, Chief Executive Officer of Koenig & Bauer. “Our order intake, which rose by around 22%, shows that, contrary to the assessment of our industry association, the German Mechanical and Plant Engineering Association (VDMA), we have not yet experienced any general purchasing restraint on the part of nervous customers. Together with our historically high order backlog, we see ourselves favourably positioned for the rest of 2022.” EBIT improved despite challenging underlying conditions and a slight decline in revenues Koenig & Bauer’s earnings before interest and taxes (EBIT) reached €-8.5m (previous year: €-8.9m). The improvement of €0.4m over the same period of the previous year is mainly due to the P24x efficiency programme (roughly €10m) despite the lower use of short-time work (roughly €5m), negative volume and mix effects (roughly €1m) and negative other effects that also include impairments of receivables (roughly €4m). The increase in the cost of materials and energy (around €6m) was offset by the announced price increases. Consequently, the EBIT margin improved from -3.7% in the previous year to -3.6% in the first quarter of 2022. Net interest expense of €-2.4m (previous year:  €-2.4m) remained at the previous year’s level, resulting in earnings before taxes (EBT) of €-10.9m, i.e. an improvement over the figure of €-11.3m recorded in the first quarter of 2021. After income taxes, consolidated net loss shrank from €-11.7m in the same quarter of the previous year to €-10.5m as of 31 March 2022. This translates into earnings per share of €-0.64 (previous year: €-0.72).  Free cash flow impacted by changes in net working capital and high order backlog Free cash flow amounted to €-30m (previous year: €22.1m). The decrease of €52.1m was mainly due to changes in net working capital in addition to heightened investing activities. Net working capital amounted to €308.6m, thus falling short of the previous year’s figure of €324.8m. Compared to the end of 2021, there was a slight increase of €11.5m, mainly due to the increase in inventories and other assets as a result of the good order situation. The net financial position amounted to €-27.8m (previous year: €-26m), compared to €2.9m at the end of 2021. Despite the slightly lower Group equity ratio of 27.9% (end of 2021: 28.7%), the company is financially well positioned thanks to this equity base and the freely available cash and cash equivalents of more than €250m. Double-digit increase in order intake in all segments – revenue painting a mixed picture In the Sheetfed segment, order intake in particular was very favourable, rising by 25.4% thanks to higher orders for sheetfed offset presses and the post-press range. Order intake climbed to €242.1m. Revenue came to €127.4m (previous year: €145.5m), down 12.4% on the same quarter of the previous year. With a book-to-bill ratio of 1.90 (previous year: 1.33), the order backlog increased to €556.3m at the end of the reporting period. At €-3.6m as of 31 March 2022, the loss at the EBIT level was slightly up on the previous year’s figure of €-3.1m. Accordingly, the EBIT margin reached -2.8% (previous year: -2.1%). In the first quarter of 2022, order intake in the Digital & Webfed segment increased by 31.1% to €30.8m (previous year: €23.5m), mainly due to service business and demand for corrugated board presses. At €28m, revenue was 8.2% below the previous year’s figure of €30.5m. Order backlog increased by €30.7m to €91.3m (previous year: €60.6m). In addition to customers’ pandemic-related purchasing restraint, EBIT also came under pressure from start-up costs and spending on product enhancements, reaching €-6.1m (previous year: €-4.3m). Reflecting this, the EBIT margin came to  -21.8%, compared with -14.1% in the same quarter of the previous year. At €81.7m, order intake in the Special segment as of 31 March 2022 was up 11.3% on the previous year’s figure of €73.4m. Orders for Banknote Solutions (banknote and security printing) and Coding (marking and coding solutions for all industries) were higher. On the other hand, orders received by MetalPrint (metal packaging) and Kammann (direct decoration of hollow bodies made of glass, plastic or metal) declined. Revenue climbed by 24.6% to €91.3m (previous year: €73.3m). Order backlog was also higher, rising to €268m (previous year: €237.5m). EBIT improved from €-3.9m to €-0.7m. The EBIT margin reached -0.8%, compared with -5.3% in the same quarter of the previous year. Koenig & Bauer’s sustainability goals are factoring in the current energy concerns   The sustainability goals already achieved by Koenig & Bauer form a good starting point for intensive work on further projects to address the ongoing increase in energy costs and the prospect of an interruption to gas supplies. From 2024 at the latest, for example, it will be switching to largely carbon-neutral district heating using green energy at its Radebeul site. The supplier GETEC mainly relies on biomass from wood pellets and also on solar thermal energy for the provision of district heating. In addition to the photovoltaic systems installed at the sites in Radebeul and Mödling, Koenig & Bauer is also exploring further projects for expanding its in-house power generation capabilities. At the Lausanne site, there are plans to cover around 20.0% of the base-load electricity requirements via a photovoltaic system installed on the roof by the owner of the land. In Würzburg, the possibility for the site to cover its own electricity requirements by means of photovoltaic systems or other renewable energy sources is being considered. In addition, around 8% of the gas consumption at the company’s headquarters can be replaced by utilising the waste heat given off by the new melting furnace in the foundry.  Full-year forecast for 2022 and medium-term targets confirmed   Conditions in the second quarter of 2022 are also subject to uncertainties, such as the protracted global Covid-19 pandemic, which, for example, has resulted in the closure of the port of Shanghai, the conflict between Russia and Ukraine, protracted delivery shortfalls and the related increase in the cost of materials, reduced transport capacities and higher energy costs. A reliable full-year forecast for 2022 is not possible on the date on which the quarterly statement was prepared. Accordingly, Koenig & Bauer continues to expect a slight year-on-year increase in Group revenue and the operating EBIT margin in 2022 and confirms its medium-term targets of revenue of €1.3bn, an EBIT margin of at least 7% and a reduction in net working capital to a maximum of 25% of annual revenue, which is to be achieved after the completion of the P24x efficiency programme. Dr Stephen Kimmich, CFO of Koenig & Bauer AG: “Although we would all have wished for more forward visibility after the first quarter of 2022 in order to offer reliable details for our 2022 forecast, this should not distract us from we have achieved, given that in the first quarter we succeeded in fully absorbing the partially unpredictable material and energy costs of around €6m. Ongoing orders from our customers and the good progress we are making with our P24x efficiency programme are providing additional support. Consequently, we are firmly convinced that we will achieve our goals for 2022 and beyond.”
<< 38 of 40. >>
sidebar image
james Bond 50 50

Migrants Told: Stay in France or go back to your country

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nunc nisl risus, tristique diam id, blandit condimentum

READ MORE

DIARY



STAR products

  • Agfa Avinci CX3200

    Avinci CX3200 is 3.2 m wide dye sub textile printer capable of printing on polyester-based textiles What is it? Agfa’s Avinci CX3200 is a highly reliable and convenient soft signage printer that can print directly to fabrics and onto transfer paper. It uses an off-line calendar unit to ensure perfect fixation. Agfa’s dedicated dye sublimation roll-to-roll printer will enable you to create vibrant, high-quality prints on polyester-based fabrics up to 3.2 m wide, including a broad range of in- and outdoor soft signage applications, as well as interior decoration. The Avinci CX3200 boasts a rich color gamut and delivers deep black, perfect solids, accurate spot color mapping and smooth tonal rendering that is particularly noticeable in skin tones. The Avinci inks are characterised by their flexibility, image longevity and outdoor resistance. They offer stable jetting performance and deliver the same high-quality results, batch after batch. An off-line calender unit fixes the color deeply into the structure of the polyester-based fabrics while evaporating the carrier fluid. When was it launched at what are the target markets? It was launched on June 22, 2021, and aimed at soft signage industry, sports wear, fashion industry and home décor. Avinic CX3200 is a 3.2 m wide Dye Sub Textile printer capable of printing on polyester based textiles. Does it replace an earlier product? It replaces the earlier model of DX3200. The Avinci CX3200 is driven by Agfa’s Asanti wide-format workflow software. Color accuracy is provided by the easy-to-use color management. Using  their Calibrated Print Mode feature, new media can be calibrated and profiled in less than 15 minutes, after which the new profiles can be used to guarantee print quality. Asanti controls and automates the entire printing process from file intake to finishing, maximising productivity. Its comprehensive integration of file handling, color management and preflighting guarantees smooth and error-free jobs. The web-based Asanti Production Dashboard offers a view on your running production. It summarizes the jobs produced and reports on quantity printed, media usage, ink volumes enabling you to control your production and to manage your print shop optimally. What is the USP? It allows you to print directly on textiles and capable of print on transfer paper media as well. Single person media loading and low inks consumptions are another features. High productivity and a robust design for reliable printing at all times, vibrant prints and a wide color gamut; fine detail rendering; extensive applications scope; low ink consumption; convenient operations and a fast changeover between jobs are another features. Avinci produces good results with a minimum of jetted ink. This low ink consumption is based on Agfa’s renowned Thin Ink Layer technology: a smart combination of particular ink characteristics and our Asanti workflow software algorithms that tune the ink quantities perfectly to the required image quality mode. What training and support are available? Full in house training and support available from Agfa UAE and Belgium. Complete and integrated solution are available for printer, inks, workflow software, worldwide service and applications support. How productive is it? It prints at speed of 250 Sqm per hr on express mode. Being able to print directly to fabric is easy and ideal for fast handling and for special applications such as flags, where print-though is needed. Transfer paper allows for super sharp prints, eliminates any set-off, and limits media waste to a minimum. In addition, it extends the application scope to sportswear and fashion garments, as well as home décor prints on non-coated polyester fabrics. What does it cost? How is it sold? The recommended retail price (RRP) is approximately $220k stand alone printer and requires a separate calendaring unit. How many are in use? Currently, the latest CX3200 are around 11 units around the world. Specifications 3.2m Dye sublimation Printer Kyocera print heads 4 colour printer CYMK Direct to garment capable to print on transfer paper Max speed of 250 sqm Stand alone printer Resolution up to 600 x 1800 dpi Media types: Polyester-based fabrics, or transfer paper used to create banners, indoor wall graphics, shop decoration, outdoor advertising, light boxes, trade show displays, flags and high polyester-based blends “Agfa Avinci CX3200  was launched in June 2021.”
    Aug. 2, 2022

    Epson – SureColor SC V7000 Flatbed Printer

    Epson's first UV large format printer offers exceptional image quality, Shihab Zubair What is it? The SureColor SC-V7000 is Epson's first UV large format printer, offering exceptional image quality. The V7000 is ideal for printing eye-catching retail and outdoor signage, window displays, hoarding panels, packaging, promotional goods, and décor products. It includes Epson’s Micro Piezo printhead with ten newly developed original inks, for accurate colour reproduction for spot and corporate colours. It allows businesses the flexibility to print on a range of media up to 80mm thick including acrylics, polycarbonates, PVC, glass, aluminium, metal, polyester, foam board, styrene, wood and stone. The printhead layout enables simultaneous high-speed printing and, with the 4-zone vacuum system, it offers real flexibility for production environments. When was it launched at what are the target markets? The Epson SureColor SC-V7000 was launched in April 2021 within the Middle East region, building on the success of Epson’s award-winning range of SureColor S Series signage printers. The V7000 allows sign and display makers to expand their portfolio of products, to deliver high quality, fast and reliable results on a variety of different media. Does it replace an earlier product? The SureColor SC-V7000 proudly marks Epson’s entry into the UV flatbed signage print market. As Epson’s first UV large format printer, it provides unique features to differentiate and enhance our offering to the signage market. Every feature of the Epson SureColor SC-V7000 has been designed with the customer in mind. This is a robust and affordable UV LED flatbed signage printer capable of fast and quality printing on a wide range of media – any type of surface, despite the size, thickness, or weight. This is in addition to Epson’s successful product solutions such as the Epson SureColor SC Series of eco-solvent and resin ink printers. For instance, for environmentally friendly organisations, Epson’s SureColor SC-R5010 Series has the capacity to include a resin ink solution, offering print service providers and creative design agencies the ability to produce a wide range of signage in a more sustainable way, without compromising on the results. For a larger ink capacity, Epson offers the SureColor SC-R5010L. What is the USP? The Epson SureColor SC-V7000 provides exceptional image quality, productivity, usability, and safety. With the unique Epson Micro Piezo printhead, the printer has ten newly developed original inks and 3-layer high-speed printing. It helps print with ease and safety with automatic measurement of media thickness, a multi-zone vacuum, and a printhead crash prevent function, Epson Edge Print, proximity sensors. What training and support is available? Epson manufactures all the components for the SureColor SC-V7000, including printheads, inks and software, in order to reach the consistent quality levels that our customers expect. The Epson Cloud Solution PORT is a cloud-based system from where you will be able to monitor equipment across several sites, or several printers across one site, from the production floor or remotely, and assist the control of production. This enables efficient production planning, increased uptime and enhanced support. Epson Production Monitor is part of the Epson Cloud Solution PORT suite of apps and allows you to examine the production status in real-time. If an issue occurs, it can be corrected efficiently with minimal disruption to the print run. How productive is it? The SureColor SC-V7000 enables businesses to print at high speed with a maximum print area of 2.5 metres by 1.25 metres. The printhead layout enables simultaneous high-speed printing, with white ink and varnish, without losing productivity. What does it cost? How is it sold? The recommended retail price (RRP) is around AED 330,563 (US $90,000) and it is sold through authorised partners in the Middle East. How many are in use? Currently two printers have been installed in the UAE, and we are scheduled to install a few more in December and further into 2022. Specifications UltraChrome UV 10-colour inkset Printing resolution of 720 x 1,440 DPI Outstanding print quality High-speed simultaneous printing even when using white, colour and varnish Printheads, ink, firmware and software with an ink tank capacity of 1,000 ml  Price from AED 330,563 “Epson SureColor SC-V7000 was launched in April 2021.”
    Aug. 2, 2022
    • 1 of 4 >>
Top