The firm has placed the commercial print sector at the heart of its growth strategy and told an investors meeting that in the long term it would build new businesses in markets such as workflow management.
However, its share price fell to a 20-year low after it cut its dividend in a bid to reduce spending.
As announced last month (PrintWeek, 28 August), Kodak has appointed HP veteran James Langley as president of its new commercial printing business, which includes Encad and its KPG and NexPress joint ventures. Langley has also become a senior vice president of the group.
Kodak also said it could spend up to 1.8bn on investments and acquisitions to meet the 9.6bn revenue target.
Have your say in the Printweek Poll
Related stories
Latest comments
"Gosh! That’s a huge debt - especially HMRC! It’s a shock that HMRC allowed such an amount to be accumulated."
"Whatever happened to the good old fashioned cash job! At least the banks didn't take 2-3% of each sale. After 30 odd transactions that £100 quid you had has gone."
"It's amazing what can be found on the "web" nowadays!"
Up next...
Replacement 'will be operational later this year'
Walstead makes decision on Bicester 64pp
'Ridiculous decision'
Unite “prepared to fight” on proposed DS Smith site closure
Also helps mitigate volatile energy prices
