Stay updated with breaking news from It Amp Eos. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Printing and aftermarket consumables giant Ninestar has warned it will post a substantial net loss in 2023. In a note to the Chinese stock market, the company – which is embroiled in an ongoing legal battle with the US government over an import ban – said it would report a loss of between RMB4.5 billion
ACCO Brands has announced a three-year restructuring and cost savings plan that includes a rejigging of its reportable business units. The programme – which aims to achieve annualised savings of at least $60 million – incorporates initiatives to “simplify and delayer the company’s operating structure and reduce costs through headcount reductions, supply chain optimisation, global
Aftermarket print supplies and solutions vendor Armor Print Solutions has unveiled a new brand identity. CEO Gerwald van der Gijp revealed the company was changing its name to Altkin during the Remanexpo show that forms part of Ambiente, the mega consumer products show in Frankfurt that has just finished. The new brand is accompanied by
The top and bottom lines at Xerox took a hit in the final quarter of 2023. The OEM’s sales in Q4 were $1.76 billion, a constant currency decline of 10.6%. Post-sale revenue was down 7.5% to around $1.3 billion while equipment tumbled by 18.3% to $458 million. The Americas region (about 65% of the total)
As of December 2023, Epson has achieved the use of entirely renewable electricity across its global sites. The company said it is the first in the Japanese manufacturing sector to move to 100% renewables, with the achievement marking a significant step towards its Environmental Vision 2050. Epson, with an annual electricity consumption of approximately 876