Two Industry Leaders, Kodak and Bobst, Team Up to Bring New Solutions to the Packaging Industry

Two Industry Leaders, Kodak and Bobst, Team Up to Bring New Solutions to the Packaging Industry

ROCHESTER, N.Y.--(BUSINESS WIRE)-- In response to increasing demand for new solutions addressing flexible, folding carton and corrugated applications, Kodak and Bobst have formed a strategic development agreement to integrate Kodak technology into the Bobst portfolio of packaging production equipment. Bobst is already working on the development of innovative products based on Kodak technology.

"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," noted Jean-Pascal Bobst, Chief Executive Officer of Bobst Group. "Our companies are working together on innovative industrial solutions that will offer our customers unique opportunities to expand their businesses. We are looking forward to completion of development work and rigorous testing, and ultimately to the announcement of innovations to our customers."


"Bobst is admired throughout the packaging industry as a provider of high-quality solutions and for anticipating and meeting the changing needs of its customers," said Antonio M. Perez, Kodak Chairman and Chief Executive Officer. "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.

"Our agreement with Bobst is a great example of how the new Kodak wants to do business - leveraging our technologies through collaboration and synergistic product development for the benefit of customers, partners and for Kodak."

About Kodak

Kodak has transformed into a technology company focused on imaging for business. Kodak serves customers with disruptive technologies and breakthrough solutions for the product goods packaging, graphic communications and functional printing industries. The company also offers leading products and services in Entertainment Imaging and Commercial Films. For additional information on Kodak, visit kodak.com.

For inquiries related to Personalized Imaging and Document Imaging businesses that have been spun off and are now known as Kodak Alaris, contact Andrew Sharkey at asharkey@smithfieldgroup.com.

About Bobst

BOBST is the world's leading supplier of machinery and services to packaging manufacturers in the folding carton, corrugated board and flexible material industries. Founded in 1890 by Joseph Bobst in Lausanne, Switzerland, BOBST has a presence in more than 50 countries, runs 11 production facilities in 8 countries and employs over 5,000 people around the world. The firm recorded a consolidated turnover of CHF 1,26 billion for the year ended December 31, 2012. For more information, visit www.bobst.com.



Kodak
Chris Veronda, +1 585-724-2622
christopher.veronda@kodak.com
or
Bobst, Group Communications
Stéphane Mader, +41 21 621 25 77
stephane.mader@bobst.com
or
Eric Mower + Associates
Jenny Lesczinski, +1 585-389-1825
KodakPR@mower.com

KEYWORDS:   United States  North America  New York

INDUSTRY KEYWORDS:

The article Two Industry Leaders, Kodak and Bobst, Team Up to Bring New Solutions to the Packaging Industry originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.


Increase your money and finance knowledge from home

Goal Setting

Want to succeed? Then you need goals!

View Course »

Investing in Emerging Markets

Learn to invest in a globalized world.

View Course »

Add a Comment

*0 / 3000 Character Maximum