The Sheridan Press, Hanover, PA, Celebrates Milestone of 100 Years in Business
Timsons digital wing enters voluntary liquidation
UK press manufacturer Timsons has been placed into creditors’ voluntary liquidation, resulting in the loss of 25 jobs, after the firm was unable to attract orders for its digital presses. Timsons was unable to attract orders for its digital presses
The Kettering, Northamptonshire-based company, which was established in 1896, was split into two wings last year following a restructure that saw the firm stop manufacturing conventional litho presses. This reorganisation was reported to have resulted in the loss of “between 30 and 40 jobs”.
As a result of the move, Timsons became a purely digital press manufacturing business while Timsons Engineering became the component manufacturing side of the business to maintain the firm’s installed base of litho presses. Timsons Engineering is not part of, or affected by, the liquidation.
Insolvency practitioner Business Recovery and Insolvency (BRI) said Timsons is currently still trading but is due to go into liquidation on 4 February, when John Warbuton, managing director of BRI, is expected to be formally appointed as liquidator at a creditors meeting.
Timsons had planned to carry on producing the digital T-Press, which was launched at Drupa 2012, but it received no further orders for this machine following the company restructure.
In a statement released on Friday (9 January), a company spokesman said: “After a significant drop in the sales of printing presses Timsons Ltd announced a restructure of the business in 2014. It ceased production of conventional lithographic presses in order to concentrate on the manufacture of digital printing equipment.
“Unfortunately in the period since restructuring Timsons Ltd has been unable to attract further orders for digital equipment and as a result trading losses have continued.
“These losses have meant Timsons Ltd can no longer continue to trade and the directors have taken steps to place the company into a creditors’ voluntary liquidation.
“This will result in the closure of Timsons Ltd and the loss of 25 jobs.” it is currently unclear whether creditors will be paid.
The firm’s financial statements for the year ending 31 March 2014 showed that turnover for 2014 was $10.5m, down from $18.2m in 2013. UK sales had decreased from $5.78m to $5.18m while rest of the world sales dropped from $13.9m to $5.18m. Its gross margin though increased from 10.3% in 2013 to 22.9% in 2014.
The director’s strategic report had highlighted that digital sales had been growing prior to the business’ digital refocus. It said: “The restructuring programme identified last year was completed by the start of the new financial year and has assisted in reducing the cost structure in a market that remains weak. The historical core business of litho book presses has continued to decline which can be seen in the reduction of turnover.
“Sales of digital presses, and associated finishing equipment, for the book market strengthened and interest remains positive. Despite this sales volumes were lower than anticipated in the first half of the year but improved during the latter part of the year.”
Blackburn Manufacturing Branches Out with New Screen Truepress Jet W3200UV
Originally intended to meet notification requirements in the lawn and garden industry, these so-called “turf signs” are becoming popular marketing vehicles.
“Customers had been requesting larger signs that catch people’s eye when they are passing by,” Blackburn-Nielsen said. “Customized signs are giving businesses a cost-effective marketing boost by including colorful photographs, branding, phone numbers and Website addresses. In the past, our ability to handle complex printing had been limited. We decided to upgrade our process to accommodate this demand.”
The Truepress Jet W3200UV features Screen’s proprietary Truepress inks and comes standard with six colors (cyan, magenta, yellow, black, light magenta and light cyan) plus white ink. It prints at a top speed of 914 sq. ft./hr. on media up to 62.9×125.9″ with a maximum thickness of 1.9″.
“We researched different printers,” Blackburn-Nielsen said, “and discovered that the Truepress was the most highly recommended system, the easiest for our workforce to operate and maintain, and offered the best opportunities for expansion. It’s a very versatile printer that can print on a wide range of material.”
In commercial operation since September 2014, the Truepress Jet W3200UV already has proven itself to be a productive printer for Blackburn Manufacturing’s standard-size and new large-sized signs. To produce accurate cuts, Blackburn Manufacturing also acquired a Zünd G3 digital cutter.
Meanwhile, the company is experimenting with different substrates and exploring new market segments for the flatbed printer.
“One customer, a professional photographer who prints his work on canvas, wants to use leather as a medium,” Blackburn-Nielsen noted. “The color quality and ability to print sharp photographs will be beneficial for us and our customers.”
Agfa Graphics Launches Acorta Automatic Cutting Plotter with Auto Recognition
Acorta uses advanced technologies such as an innovative auto recognition system; it automatically localizes the printed objects and the position of the reference points on the cutting table, as well as the substrate’s height to avoid manual set-up of the job parameters.
Acorta features cutting speeds of up to 102 m/min. with maximum automation and minimum operator intervention. Its robust build and 40 vacuum zones that are automatically activated where and when needed, further add to the cutter’s great accuracy and stability.
Acorta is available now and will make its worldwide debut at the SGI 2015 tradeshow in Dubai (Jan. 11-13, 2015) at the Agfa Graphics booth (Sheikh Saeed Halls – Hall 1-D04, Dubai World Trade Center).
KBA to Present RotaJET L and VL Inkjet at Hunkeler Innovationdays 2015
Along with the new 89-130 series based on the RotaJET L platform and the RotaJET 76 (max. printing width 781mm/30.7″) unveiled at Drupa 2012 for book, commercial, magazine and newspaper printing, KBA has built the RotaJET VL inkjet range with a printing width of over 1.60m (5.2ft) or even over 2m (6.6ft) for industrial applications. The prominent press manufacturer benefits from its wealth of know-how in web guidance and substrate handling accumulated over many years. Decorative printer Interprint therefore recently fired up the first KBA RotaJET VL with a printing width of 1.68m (5.5ft). The partnership between HP and KBA announced at the end of September 2014 for the development and production of a digital press for corrugated printing is based on Koenig & Bauer’s unique experience in precision mechanical engineering for a host of print applications and processes.