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Xerox has sold its Elem Additive Solutions 3D business as it continues to divest non-core parts of the company. Elem Additive – whose products include ElemX liquid aluminium 3D industrial printers – has been purchased by ADDiTEC, a specialist in metal additive manufacturing. Terms of the transaction were not disclosed. Xerox stood up Elem Additive
Planet Green Cartridges has filed a lawsuit against Amazon for allegedly allowing resellers to sell new-build compatible cartridges labelled as remanufactured. According to Actionable Intelligence, Planet Green filed its complaint in a California district court on 14 August. What is unusual in this case is that the remanufacturer is targeting Amazon and not third-party vendors
During yesterday’s Q2 earnings call, Xerox CEO Steve Bandrowczak fielded an analyst’s question on the impact to the company of the recent ban on Ninestar imports to the US. Ninestar, via Lexmark, has been a supplier of parts and devices to several leading OEMs, including Xerox. Since mid-June, the Chinese firm has not been allowed
Xerox has reported a good uptick in margins for the second quarter of the year, although the top line remained virtually flat. The OEM achieved Q2 2023 revenue of $1.75 billion, a constant currency improvement of 0.5% compared with last year. Equipment sales were up more than 14% to $420 million, offsetting a 3.2% drop
Ninestar has published preliminary H1 2023 results for its subsidiaries, including Lexmark. In a document (in Chinese) posted on the Shanghai stock exchange, Ninestar reported that Lexmark’s sales for the first six months of 2023 were down around 13% year on year to $1.01 billion. Own brand printer sales grew by 12%, but this was