Category: Packaging

Jetrion Returns to Flint, sort of

Ryan McAbee
Nov 3, 2017

Back in 2006, EFI acquired the Jetrion inkjet label printer business from Flint Group, which had developed the technology to expand beyond their traditional foothold in ink. At that time EFI was on a major push to expand into inkjet-driven hardware which was viewed as a growth engine beyond its Fiery and software businesses. EFI paid around $40 million in cash for the Jetrion business which was expected to post between $16-$18 million in annual turnover. After eleven years of less than expected growth, EFI announced an exclusive partnership for Jetrion label presses with Xeikon, a Flint Group company.

The agreement was reached after several months of negotiation, with the first hint of EFI’s decision to “exit the label market” given a week before by Guy Gecht during EFI’s most recent Q3 earnings call. Effectively, EFI is licensing the Jetrion brand while retaining control of the intellectual property and Jetrion ink business. Xeikon picks up the sales and service.

Source: efi.com

The Impact for EFI

The deal is a short-term win for EFI as the company retains the intellectual property rights and keeps the recurring revenue from the ink and, presumably, Fiery. EFI also gets to clear its financial books from an underperforming division. Gecht stated that 2016 Q3 Jetrion printer sales were $4 million which would not average to the $16-$18 million annual revenue expected after the acquisition back in 2006. The competitive market for inkjet-based digital label presses has also changed significantly over the last eleven years. There are more vendors competing in a more mature digital label market which has impacted the ability to place machines with just over 200 Jetrions installed globally to date.

In the long-term there are still uncertainties. Customers and prospects take notice when an underperforming division is jettisoned, creating uncertainty as to the future commitment to other divisions. EFI clearly stated that growth markets in corrugated and industrial printing are a primary focus. Could other divisions, like VUTEk, follow suit? In the Q3 financial call, the company noted a slowing of ink growth volume for its VUTEk line of printers which is an indicator of the end customer’s print volumes. There is always the possibility, but Keypoint Intelligence thinks it highly unlikely until other areas of the industrial inkjet division reach sizable revenue.

The material impact to the rest of the EFI ecosystem, for Fiery but also for Productivity Software solutions, is also unknown. Initial feedback indicates that Fiery will be the digital front end (DFE) for future sales, but Xeikon also has its own DFE. Does the change in sales and service reduce the potential pipeline for other productivity software, such as Digital StoreFront or Radius? Probably not due to the limited install base.

The Impact for Xeikon

HP and Xeikon dominate the digital label market, but both are leveraged to electrophotographic technology. The new agreement with EFI gives Xeikon a further expansion in UV-based label printers to complement its PX3000 Panther press announced earlier this year. The company can also leverage the existing Jetrion install base netting a greater presence in North American.

The company indicated that there will not be any immediate changes for customers, but there is opportunity for Xeikon to leverage some of its existing technology going forward. There are opportunities to have the Flint Group’s ink companies involved with the ink component of Jetrion. Xeikon has developed its X-800 DFE platform with an emphasis on label production and uses it for all other equipment, including Panther, although the company reiterated plans for the Jetrion line to be powered by EFI Fiery. Other lessons learned during the development of Panther could also be leveraged to retool and even expand the existing Jetrion line.

Final Thoughts

The greatest, initial benefactor to the agreement will be existing Jetrion customers who will see expanded service and support from Xeikon which has been at the forefront of digital label production for many years. Users will also be able to join Xeikon’s business development program aXelerate, which helps label converters build applications and sell digital output to grow their business.

Labelexpo 2017: Quick Takes From Brussels Show

Bob Leahey
Oct 4, 2017

Labelexpo, the biannual tradeshow of the label industry, took place September 25 to 28 in Brussels and, thirty years after its start, it retains its momentum and “giant” status, with over 650 exhibitors and 30,000 visitors, most from Europe but many from Asia, the USA, and Latin America. Digital printing was at the core of the show, in big booths of all the top EP and inkjet printer vendors (HP Indigo, Xeikon, Domino, Durst, Screen, and others) and at the stands of many others, including a few entrants that are both new and significant. Before producing a detailed report for consulting clients, the InfoTrends division of Keypoint Intelligence offers the following conclusions from the 2017 Labelexpo:

In-line digital embellishment is hot. The two EP leaders, HP Indigo and Xeikon, are both developing proprietary, in-line jetting modules to add white, spot varnish, tactile effects and even metallic decoration to their toner-based label print webs. Meanwhile, other vendors contribute their own products to the trend, such as printer suppliers Domino, Gallus, and Konica Minolta, and head supplier Xaar.

HP Indigo GEM Embellishment Example

EP is still vital and growing. While inkjet is growing and has many more vendors, electrophotographic technology showed dynamic additions in high production systems, such as Xeikon CX500 (new at the show) and HP Indigo 8000 (2016). At that same time, Konica Minolta announced its 100th global placement of KM C71cf after less than two years of availability, and then announced a successor to it, Accurio 190.

Accurio 190 Replacement for Konica Minolta C71cf

Hybrid printing is a focus for key suppliers. The top three vendors of narrow web label presses—Gallus, Mark Andy, and Nilpeter—all market hybrid flexo/inkjet systems as key parts of their product lines. Meanwhile multiple other vendors also contribute, such as Colordyne, IPT, MPS, Omet, and Prototype and Production Systems. We note especially the focus on hybrids by Gallus, Mark Andy, and Nilpeter, each of which has hundreds of established press customers worldwide.

Gallus Labelfire 340, Based on Flexo Plus Fujifilm Samba Inkjet

UV inkjet is adding low migration options. UV inkjet, which powers most inkjet label printers, is handicapped by concern about possible migration of uncured photoinitiators. In food packaging. “Low migration” UV inks designed to address these concern were evident at multiple booths (printer vendors Durst, EFI Jetrion, Epson, and ink makers Siegwerk and Sun Chemical) at Labelexpo 2017. New, or nearly so: the use of a “nitrogen purge”, to enhance polymerization of toxic monomers, as seen at Screen and Durst booths.

Aqueous inkjet is gaining momentum. Production digital label webs using aqueous inks have been limited to the Epson Surepress, plus Colordyne and a few others based on Memjet. A key merit of aqueous inks have been their safety for food labels, but the main options have limitions, Epson SurePress print speed (15 fpm), and Memjet dye-based inks, CMYK only. From Labelexpo 2017, though: Epson and the Memjet OEMs are have had good success; Mouvent’s aqueous future printer could be influential; miniature production printers from Afinia, Trojan, and New Solution all use aqueous inks; last, Memjet will upgrade to pigmented inks in 2018; Kodak will add aqueous CIJ printing via Uteco Sapphire.

Mouvent Label Printer Example

Label converting is now “cyber” oriented. The label industry likes the idea that manufacturing will be automated and driven by data exchange, through The Cloud and the “Industrial Internet of Things,” and Labelexpo had lots of evidence to that effect, notably Labelexpo’s first “Automation Arena” in Hall 11. There a collaboration by AVT, Cerm, Esko, Kocher + Beck Matho, MPS, Rotocontrol, Wasberger, and Xeikon,  yielded two automated press lines, one for digital and one for conventional label production, with automation of everything from job creation through prepress, printing, finishing and invoicing.

Package printing is strategic at Labelexpo. Digital printing for folding cartons and flexible packaging has been a side focus of Labelexpo since at least the 2011 show; in 2017, both applications are well established, whether for printing unsupported film on webs or 18 point folding carton board, on both roll-to-sheet and sheet fed systems. HP Indigo and Xeikon have both spurred folding carton printing; in flexible packaging, HP Indigo is alone so far as an established solutions provider. At Labelexpo, others showed they will join that drive, with Uteco & partners INX and Kodak, as examples.

Xeikon Carton Print Example

A summary conclusion to all of the above: The world’s label industry is now full of digital technologies, for printing and for all its ancillary processes and needs; the 2017 Labelexpo showed the growth of those technologies, and the strong prospect for more in years to come.

Bobst and Radex Announce Launch of Mouvent – a New Digital Print Focused Company

James Hanlon
Jul 18, 2017

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July 6, 2017 — Bobst and inkjet technology developer Radex, officially announced the launch of Mouvent, a new joint venture company that will become the digital printing competence center and solutions provider of Bobst. Mouvent to be led by the co-founder of Radex, Piero Pierantozzi, will bring to market 3 digital devices this year, two single-pass label machines and one multi-pass textile printer, with two additional textile printers to be announced later this year.

Radex was founded by Piero Pierantozzi, Peter Brandenberger, Marcel Galliker and Walter Urech, all of whom were also the founders of Graph-Tech AG, which was sold to Domino Printing Sciences in 2012. Mouvent, co-founded with Bobst in June 2017, has headquarters in Solothurn and Wetzikon Switzerland with 80 total employees. Mouvent shares are held 50.1% by Bobst with the remainder being heled by Radex shareholders.

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Cefla Finishing Acquires a Majority Stake in JetSet Industrial

Ron Gilboa
Aug 4, 2016

Today, Cefla Finishing group announced that it had acquired a majority stake (60%) in JetSet Industrial S.r.l., a manufacturer and integrator of inkjet printing systems for a range of applications and industries. JetSet Industrial’s move into inkjet printing started in 2012 in Bergamo, Italy, which is also home of several other inkjet equipment suppliers.

Still a start-up in many ways, JetSet is a bespoke supplier of decorative printing systems for ceramic, glass, textiles, and woodworking materials. JetSet has the skill set to integrated technology as well as develop materials in support of their printing technologies. This makes the company a turn-key supplier to its customers. According to Hoovers.com, the company has eleven employees and generated $2.15 million in revenues in the past year. JetSet has also invested heavily in their core capabilities for inkjet system integration.

JetSet Wave Integrated Color Single-Pass Print Head Module

JetSet Wave Integrated Color Single-Pass Print Head Module

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HP at drupa 2016: Re-Imagining Production Digital Printing

Ron Gilboa
Mar 29, 2016

During a pre-drupa event last week in Israel the HP Indigo and PageWide Web Press production teams announced a range of new products and product improvements. Headlines among this news are:

  • A new B1-format device called the HP Indigo 50000
  • A twin-engine, 197 feet-per-minute, roll-fed, label print called the HP Indigo 8000
  • A new Indigo high-definition laser array capable of 1,600 dot-per-inch resolution
  • Spectrophotometers, scanners, sensors, and vision systems for the Indigo product line that enable improved productivity, consistency, and image quality
  • Expansion of HP’s PageWide Web Press HD platform to include a monochrome offering called the T490 M HD
  • Ongoing development of PrintOS

HP’s event was hosted at the HP Indigo facilities in Kiryat Gat and Ness Ziona and was informative as well as very telling about the company’s ongoing commitment to the future of digital printing not only from a technology perspective but taking into consideration social responsibility related to environmental impact as well as the profitability of their community of customers.

In his welcoming comments Alon Bar-Shani, General Manager, Indigo Division at HP Inc. mentioned the team’s commitment to the success of their clients, pointing out page growth of over 50% that has occurred in the Indigo installed base since last drupa, that is expected to produce an estimated 30 Billion A4 pages by the end of 2016. According to Bar Shani, this growth can be attributed to the dedication of HP Indigo’s team to print quality, the versatility of their solutions, and a line of products that is built to last. This sentiment was echoed also by David Murphy, Worldwide Director of Marketing & Business Development, HP PageWide Web Press division, HP Inc., who cited productivity, quality, versatility and economics as the key drivers in the estimated 50 Billion A4 pages printed on HP’s PageWide Web Press installed base in 2015.

Alon Bar-Shani holding up new canvas high quality HP Indigo print

Alon Bar-Shani Holds Up High-quality Canvas HP Indigo Print

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InPrint 2015 – demonstrating that print is much more than ink on paper

Ralf Schlozer
Dec 21, 2015

November 2015 saw the second instalment of InPrint, the industrial print show and conference. A total of 3,400 visitors from 68 countries came to the Munich Trade Fair Centre. Compared to the previous event in Hannover, the numbers of exhibitors, attendees and foot print increased by a third.

InPrint focussed on three fields of application: functional, decorative and packaging printing. Unlike traditional printing shows, InPrint has a different attendee profile: Typical visitors to InPrint are companies such as system integrators, materials developers, and manufacturers interested in providing solutions for the industrial/decorative print market. But even if you do not intend on integrating a custom press, the show is a good opportunity to get informed on where printing technology is being used beyond document printing. Print service providers, who visit InPrint, have been able to expand their horizon while visiting vendor booths as well as attending the conference with its extensive program.

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Xeikon – the new digital printing solutions division of Flint

Ralf Schlozer
Nov 24, 2015

On Friday the 20th of November the news broke that the Flint Group has bought Xeikon from previous venture capital owner Bencis, almost two and half years after they bought the digital print and platesetter business from Punch International.

Xeikon will continue to operate in its existing lines of business and will now become a new division known as Flint Group Digital Printing Solutions. Even in terms of personnel, continuity is sought, with Xeikon CEO Wim Maes staying as president of the division. The deal needs the approval of European competition authorities, which is expected by end of 2015 as there should not be any concerns about the transaction.

In some ways the acquisition marks a U-turn for Flint after it sold its nascent Jetrion inkjet division to EFI in 2006. EFI paid around $40 million as its first investment in inkjet printing, in the process starting a new line of business, while digital activities pretty much stopped at Flint. Now Flint Group feels it is ready to throw their hat again into the digital arena, possibly seeing the success the Jetrion business is having today. A bigger driver is likely the changed ownership that Flint Group itself is now experiencing. Since 2014 Flint has been essentially an equity capital owned business, owned by Goldman Sachs Merchant Banking Division in partnership with Koch Equity Development. Prior to that, Flint had grown by acquisition and merger into a leading position in litho and packaging inks. To this day, Flint continues to acquire other ink businesses to consolidate its position.

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Konica Minolta Announces Next Generation High Resolution, High Speed MEMS Printheads

Ron Gilboa
Jul 27, 2015

Konica Minolta, a long time innovator in inkjet technology with over 30 years of experience, has released information on a new generation of print heads aimed at the evolving graphic arts, industrial, and functional printing markets. These printheads have resolution as high as 1,200 nozzles per inch (npi), drop size as low as 3 picoliters, jetting frequency of up to 100 kHz, and a physical size that is significantly smaller than the previous generation of Konica Minolta heads. As with many print head manufacturers Konica Minolta is manufacturing these printhead using Micro Electro Mechanical Systems (MEMS) fabrication. Konica Minolta’s high precision printhead is capable of jetting of a range of inks and functional materials such as resins. These new capabilities will enable innovative new products in a range of industries. Konica Minolta expects to begin mass production of these heads in the spring of 2016. Read more »

EFI Extends its Reach into Textile and Grand Format Segments via the Acquisitions of Reggiani and Matan

Catherine Cresswell, Ron Gilboa and Steve Urmano
Jul 7, 2015

On July 1st EFI made two announcements: One was the acquisition of the Israeli Matan Digital Printer, a supplier of grand format printing solutions and the second was the acquisition of Reggiani Macchine a supplier of high end textile printing equipment.

Both acquisitions are part of EFI’s stated strategy to invest and grow its product portfolio in adjacent markets and technologies. Workflow and inkjet have been at the forefront of acquisitions by EFI in the past and is likely to continue in the future as this strategy evolves. This strategy enables EFI to leapfrog some graphic arts suppliers and enter into industrial segments that are emerging as adopters of digital technology as a means to dramatically change their respective industry segments’ supply chains and transition mass production markets into mass customization digitally enabled segments. Read more »

HP Opens New Graphics Experience Center in Barcelona

David Stabel
Mar 20, 2015

On March 16, 2015, HP EMEA celebrated the grand opening of their new Graphics Experience Center in Barcelona, Spain. This facility is housed at the EMEA headquarters of HP’s Graphics Solutions, which is also HP’s largest R&D lab outside of the U.S. More than 3,000 employees work at these facilities of which more than 450 are in R&D. HP has transformed its existing demo center into a customer facing facility called Graphics Experience Center with 60 end-to-end graphics solutions on display from HP and its partners. At 6,000 square meters, the new facility has almost double the floor space of the old one. This blog describes the highlights of the event.

HP's Graphics Experience Center in Barcelona, Spain

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