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Eastman Kodak Co. and Swiss firm Bobst Group SA have agreed to team up to serve the packaging industry. Packaging is one of key focus areas for Kodak following the company’s emergence from bankruptcy.
The companies announced Friday a strategic development agreement to integrate Kodak technology into the Bobst portfolio of packaging production equipment. Bobst already is working on the development of products based on Kodak technology.
Bobst describes itself as the world’s leading supplier of machinery and services to packaging manufacturers in the folding carton, corrugated board and flexible material industries.
“Flexibility, time to market and improved total cost of ownership are increasingly important to our customers. To extend the capabilities of packaging production equipment, we decided to join forces with Kodak in particular because of their strength in the digital arena,” Bobst Group CEO Jean-Pascal Bobst in a statement. “Our companies are working together on innovative industrial solutions that will offer our customers unique opportunities to expand their businesses.
Kodak chairman and CEO Antonio Perez described the agreement as an example of how the new Kodak wants to business, by leveraging its technologies through collaboration.
“Bobst’s commitment to introducing innovative products, its loyal customer base and Kodak’s portfolio of advanced technologies, including the Kodak Stream Inkjet technology, are a powerful combination that we believe will stimulate growth and transformation for Bobst customers and for our industry,” Perez said in a statement.
Bobst was founded in 1890 in Lausanne, Switzerland. It has a presence in more than 50 countries, runs 11 production facilities in eight countries and employs more than 5,000 people worldwide.
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