Mossberg & Company Adds Eight-Color Sheetfed Offset Perfecting Press (piworld.com)

Flint Group announced the launch of XSYS, a brand-new division, the result of combining Flint Group Flexographic with Xeikon Prepress. Although the two groups have been working closely for some time in support of the flexographic and letterpress markets, this formal alignment will bring even more collaboration and innovation to the group and to its customers. With the tagline Be Brilliant, the new division will work with its customers to honour its claim of Print Solid. Stay Flexible. “With the integration of Xeikon Prepress with Flint Group Flexographic, we are now connecting the dots and are implementing an important step of our strategy to become a full solution provider for the flexographic prepress industry,” said Dagmar Schmidt, President of XSYS. “In forming this new division, we bring together what belongs together: Plates, Processing Equipment (solvent-and solvent free), Imagers, Sleeves and Adapters. And with this move, we expand our expertise towards our customers. The name derives from ThermoFlexX, nyloflex, Xpress and other brands that feature the X, combined with Systems to form the name XSYS.”

Sun Chemical will implement selected freight surcharges impacted by the Red Sea crisis globally. Against the backdrop of geopolitical instabilities, maritime transportation through the Suez Canal and Red Sea has been especially severely impacted since November. With around 30% of the world’s container trade shipped via this route, many shipments are facing delays and some are being rerouted via the Cape of Good Hope, significantly increasing the distance travelled and adding further costs and time. Cargo air freight is also seeing a spike in demand to avoid such longer diversions. As a proactive response to these challenges, Sun Chemical is actively monitoring the evolving situation through its extensive global network of partners. The primary objective remains ensuring the continued supply of high-quality products and services to customers. In light of the dynamic nature of the crisis, Sun Chemical is taking necessary steps to secure raw materials and minimise transportation delays.

*Revenues were $99.7 million for the quarter, an increase of $9.8 million or 10.9% for the comparative quarter and $400.0 million for the fiscal year, an increase of $42.0 million, or 11.7% for the comparative fiscal year. *Earnings per diluted share for the current quarter were $0.26 compared to $0.20 for the comparative quarter last year. Earnings per diluted share were $1.11 for the fiscal year as compared to $0.93 for the last fiscal year. *Our gross profit margin for the quarter decreased on a comparative quarter basis from 29.6% to 27.5%. Gross profit margin was 28.7% for the fiscal year compared to 29.0% for the prior fiscal year.