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March 3, 2014
09:02 EDTKODKEastman Kodak expands manufacturing of SONORA plates to meet demand
Kodak is making manufacturing investments to increase capacity to meet rapidly growing demand for its process-free printing plates, while also making worldwide plate production more efficient, and enabling better customer service across its digital plate portfolio. In Europe, Kodak has invested in its Osterode, Germany, plant where an upgraded, high-speed SONORA Plate manufacturing line increases capacity for sales growth. The Osterode plant began shipping SONORA Plates to customers in November 2013, and volume shipped from this site is increasing every month. In Asia, Kodak has completed an upgrade of its Xiamen, China, plant to produce SONORA Plates. As part of its strategic, global manufacturing plan, Kodak will phase out production at its Leeds, U.K., plant, beginning that process in the third quarter of 2014 and completing it in mid- to late-2015. As a result of the action, Kodak expects to incur total charges of $30M-$40M, $20M-$25M of which would be non-cash related to accelerated depreciation and asset write-offs.
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