HP Inc announces price increases

January 23, 2017

The OEM is increasing product prices in India which will be implemented once existing stock is sold.

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The price increase is to cater for “currency movement and commodity prices globally” reported Business Standard, and will see a three to five percent increase across the board, which will apply once the old stock is sold. A recent report by IDC showed that HP Inc grew by 18.9 percent in the second quarter of 2016 in India, which means the company is still at the top in the Indian PC market with overall shares of 28.8 percent.

There was also a 20 percent growth in the consumer market in the third quarter of 2016, with increased wide-format sales. HP Inc has also announced that it is making the “world’s first workstation called Z2 Mini available in India”, which is aimed at designers and other computer industries.

Rajiv Srivastava, Managing Director of HP Inc India, said: “HP is increasing the list price of its products in India. As a standard business practice, the company regularly reviews pricing and makes adjustments accordingly, based on a variety of factors including currency movement and commodities prices. Actual price increases will vary by product.”

Ketan Patel, Senior Director for Personal Systems at HP India, said: “Our unwavering commitment towards delivering amazing products and solutions to consumers and businesses that empower them to succeed in this digital age has helped us sustain the market leadership. Designed for the workspace of the future, [the] HP Z2 Mini Workstation is remarkably versatile and it showcases next level power by offering twice the power of a business-class mini PC, a key for designers.”

 

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Canon considers investing in Toshiba chip business

January 23, 2017

The OEM is considering the investment as it has “high value” and would help the other OEM with financial difficulties.dialoose_1359206747_Canon

Mainichi reported that Canon “will consider investing” in Toshiba’s semiconductor business to help the latter “secure funds to make up for massive losses incurred in its US nuclear business”. Canon’s Chairman Fujio Mitarai commented that the chip business “has high value”, and that “we will positively consider” investing in the flash memory business, which Toshiba “plans to spin off” by selling a “20 to 30 percent stake via bidding”.

He also added that the semiconductor business “must be protected” in that “domestic companies should invest in Toshiba’s mainstay business”, with the investment “expected to attract hundreds of billions of yen, or billions of dollars, as a whole” according to Mainichi. Six companies including Canon are “likely to join the bidding”, such as Bain Capital and Permira in addition to Canon, which the news site calls “Toshiba’s long-time business partner”.

The OEM is set to “make a final decision on the investment after receiving a formal offer from Toshiba”, which is planning “to retain a majority stake”, and which is selling the unit as “it is anticipating an asset impairment charge” of up to ¥700 billion ($6.1 billion/€5.7 billion) “related to its US nuclear business”.

toshiba_logoIn March last year, Canon reported its agreement to make TMSC a subsidiary, having “concluded a share transfer agreement”, though the acquisition was dependent on “the clearance of necessary competition regulatory authorities”. Earlier that month, it was reported Canon had been granted “exclusive negotiating rights” for TMSC, after an earlier reveal that Toshiba was to sell the unit, with interested parties including Fujifilm and Konica Minolta.

The sale of the unit was aimed at “shoring up Toshiba’s capital” after it was found to have “inflated profits […] with bosses’ knowledge” by around ¥780 million ($1.2 billion/€1.1 billion) in July 2015. This led to former CEO Hisao Tanaka’s resignation after admitting he was aware of the scandal, facing an action for compensation of ¥300 million ($2.4 million/€2.2 million), along with two former CFOs and two other ex-CEOs. The profit scandal cost the OEM around ¥90 billion ($738 million/€680 million) in the first half of the financial year, and lies behind the restructuring plans.

However, as The Recycler reported in April last year, Toshiba was paid before the deal was closed, with Reuters calling the move a “manoeuvre skirting antitrust rules”. In July last year, the FTC had approved the acquisition, but “issued a warning over the way [Canon and Toshiba] carried out the deal”, before December saw the acquisition confirmed.

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Toner market to continue growth

January 20, 2017

The printing toners market is expected to see 5.8 percent growth per year through to 2020.toner powder

Market analysts Transparency Market Research reported on the market in its study, Printing toners market – global industry analysis, size, share, growth, trends and forecast, 2014 – 2020, in which it found that the market was worth $2.91 billion (€2.72 billion) in 2013 and “is likely” to reach a value of $4.33 billion (€4.06 billion) by 2020, based on a compound annual growth rate (CAGR) of 5.8 percent between 2014 and 2020.

The analysts added that in value terms, the “global demand” for printing toners was 216 kilo tonnes in 2013, and that the “growth of the digital printing market in the packaging sector is expected to be one of the primary factors driving the printing toners market during the forecast period”. In turn, “shifting consumer preference from printing inks to toners”, alongside the “increase in commercial printing”, are said to be “other key parameters expected to augment demand” over the next few years.

One negative prediction however was that “adverse environmental impact of toners”, leading to “the presence of stringent regulations” is something that is “anticipated to hamper market growth”, though the development of bio-based toners “is expected to open new opportunities for further development of the market” in future. Conventional toners dominated in volume terms, with over 70 percent share in 2013, as “most printers available globally” utilise conventional toner.

This toner is prepared “via the conventional method”, but “chemically-prepared” toners are “expected to gain high popularity over the next few years due to their superior technical aspects”, including “uniform particle size” for “faster printing”. The development of “economical printers compatible with chemically-prepared toners” is also said by the analysts to be “anticipated” as “another vital parameter driving demand”.

Polyester resin-based toners, alongside styrene-acrylic toners, dominated the market in 2013, and accounted for over 95 percent of volume and revenue share, with both “expected to be the fastest growing segments” through to 2020. Polyester is “comparatively inexpensive and easily available globally”, so is “widely used in printing toners”, while powder “formed by blending polyester and styrene-acrylic and other speciality polymers” is expected to see “above-average growth”.

Changing consumer preferences, in order to “obtain better aesthetic appeal” through colour printing, will “fuel demand for colour” toners in tandem with a “decline in prices of colour printing devices and toners”, and colour toners are expected to see a CAGR of over 3.5 percent between 2014 and 2020. On a market basis, North America and Europe dominated in revenue terms, and this is “expected to continue” through to 2020.

However, Transparency Market Research added that an “increase in the number of manufacturing facilities in [the] Asia Pacific” and the rest of the world, “coupled with rising applications” for toners, is “anticipated to boost the market in these regions”, and in terms of revenue, the Asia Pacific market alone is expected to reach $1.165 billion (€1.092 billion) by 2020.

The report concluded by noting that the market “is highly-fragmented in nature due to the presence of numerous manufacturers”, and named Canon, Xerox, Samsung Fine Chemicals and Astro-Med Inc as “some of the renowned companies operating in the market”.

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HP Inc split analysed

January 18, 2017

Over a year after the split, an article looks at whether this has helped the two companies to turn around.hplogonew-200x114

Yahoo Finance reported that since the split the two companies have been focusing on “restructuring and realigning” their businesses, which included job cuts, trimming down and making some acquisitions. Since 2015 HP has been concentrating more on its products and making them different as well as “enhancing the capabilities of its printing business” to steady the business.

HP Inc signed a deal with Samsung to acquire their printer business last year at a cost of $1 billion (€.936 million), which will help to expand the printer business, added to which they also acquired 6,500 printing patents in the deal. The company is also concentrating on its 3D printing systems mainly for industrial markets, but the article noted that HP Inc lags behind in this sector of the market despite operating in it for five years.

For HPE, having got rid of its content management software tools and customer communications management, which it sold to Open Text Corporation, the company saved more money as it cut nearly 4,000 jobs. The article said that this will “enhance productivity” and lead to “cost reduction”, saving the company around $300 million (€280 million) from “fiscal 2020 onward”.

According to the article, HPE is not far behind HP Inc, and has also downsized by selling its software and IT services businesses, and it said that by doing this it looks like HPE intends “to focus more on fast growing and high margin businesses” like high performance computing, private cloud, all-flash arrays and hyper-converged computing.

It was noted that HPE bought Silicon Graphics in 2016, which “provides HPC services such as servers, storage and data centre solutions to clients in the cloud computing, oil and gas, e-commerce, social networking and other industries”, which corroborates the intention of the company’s direction. This and the amount of job layoffs last year means the company has cut costs, the article stated.

In conclusion, the article said that the split has “allowed a customised approach to two different businesses, which may not have been possible while they operated as a single entity”, and that the opinion of the article was that both companies’ “turn-around strategies are in the right direction”.

 

 

 

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Kodak to sell Prosper at a loss

January 17, 2017

The OEM could lose $17 million (€15.9 million) in the sale of its Prosper Print business.kodakextColor

Democrat and Chronicle reported that the company could lose “$17 million in restructuring and related charges” on completion of the sale. It was first announced last year (http://www.therecycler.com/posts/kodak-to-sell-inkjet-press-business/) that Kodak wanted to sell its commercial inkjet business in Ohio that employs 400, so that it could “focus on developing its Ultrastream technology”.

Kodak filed with the US Securities and Exchange Commission (SEC) last week, and said that it would “incur somewhere between $12 [million to] $17 million (€11 million to €15.9 million) in costs”. $7 million (€6.5 million) of this will be connected to “separation benefits”; $6 million (€5.6 million) will be because of inventory “write-downs”; $3 million (€2.8 million) will go to write off assets; and $1 million (€.93 million) will be incurred by “cash charges”.

Other expenditures will be related to “special termination benefits from the company’s pension plans”, and these are expected to be between $3 million to $5 million (€2.8 million to €4.6 million). So far the sale details have remained confidential, but Jeffrey Clark, CEO for Kodak, has “remained upbeat” when talking to investors.

 

 

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Annodata awarded procurement position

January 17, 2017

annodataThe MPS provider, acquired by Kyocera, has been given a position on the Crescent Purchasing Consortium (CPC) framework.

The company stated that the framework is for “multifunctional devices and associated print services”, and is “devised to drive best value purchasing arrangements for the education sector and broader elements of the public sector” in the UK. Earning this place will enable the company to “act as a trusted advisor to the public sector in the UK and underpins” Annodata’s “commitment to this vertical”.

Annodata added that the CPC “provides its members with specialist advice on best spending practices and how to obtain best value for money”, with its “main purpose” to “produce EU-tendered purchasing frameworks covering a wide variety of products and services”, including professional services, ICT and telecoms, and print.

Suppliers seeking to “achieve a place” are “evaluated on a wide range of criteria” including “their ability to execute, pricing, support services, and service portfolio”, with Annodata marked “highest of all suppliers” on Lot 1, which covers “multifunctional/reprographic devices and associated print services and supplies”, as well as achieving a place on Lot 3, which covers “managed print and document services”.

Rod Tonna-Barthet, CEO of Annodata, commented: “The public sector is an incredibly important vertical market for Annodata which we understand intimately, and one in which we’ve enjoyed significant success. This comes down to the fact that it’s one of the sectors that stands to benefit the most from the type of services that we provide and the high levels of service we offer.

“Print and document management remains incredibly important for organisations such as colleges and universities, NHS trusts and local councils and while some institutions have made great strides towards making their print estate more efficient and cost-effective, many haven’t. We still see a huge amount of waste, inefficient usage of resources, and environmentally harmful practices.

“We’ve helped countless public sector organisations to get a grip of their print estate, and achieve the visibility, transparency and control needed to drive down costs and improve their environmental footprint and overall efficiency. We remain a vendor-independent managed print and IT Services provider who is able to offer the best possible bespoke solutions for our customers.

“We are delighted to have earned our place on the CPC framework; something that reinforces our position as a trusted advisor to the public sector and will make it much more straightforward for the public sector as a whole to engage with us.”

The company was acquired by Kyocera last December, with the OEM stating at the time that the deal “will significantly increase the capabilities of Kyocera Document Solutions UK”.

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Chinese businesses get insurance for foreign investment

January 16, 2017

chinaFirms are taking up insurance to compensate for the break-up of acquisitions by governments.

China Topix reported that China saw a “sharp increase in its overseas investment” last year, spending a record $45.6 billion (€43 billion) on foreign acquisitions, with this “surge” leading to “resistance from foreign countries” and “the breakdown of some very prominent deals”.

As a result, Chinese firms “are now increasingly targeted by foreign governments for their investment practices”, and the site noted that such examples including Fujian Grand Chip Investment’s attempt to buy German chip company Aixtron, which was “vehemently opposed by the US government” and which failed to “receive the approval” of the US’ Committee on Foreign Investment (CFIUS).

Another deal was rejected after US regulators objected, with this $3 billion (€2.8 billion) deal seeing a “Chinese consortium” try to buy the “lighting unit” of Dutch company Philips, and China Topix pointed out that “in the wake of such stern actions from western governments”, companies in China “are now opting for new insurance products, which may compensate Chinese groups for losses incurred from such failed deals”.

It cited reporting by the Financial Times, which claimed that several insurance groups led by Aon are “now offering insurance products, which compensate for the ‘reverse break-up’ free”, and this product is expected to be “in high demand as the upcoming Trump administration is expected to further tighten the scrutiny of Chinese companies”. Aon has also claimed that the products “will help the Chinese companies in making more competitive bids for foreign companies”.

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US case against Autonomy develops

January 13, 2017

US prosecutors might “investigate additional individuals” concerned with the firm’s accounting scandal.autonomy-logo

HP acquired UK software company Autonomy in 2011, but wrote down its worth in November 2012, claiming that “accounting fraud and inflated financials” from Autonomy officials, including former CEO Mike Lynch, were to blame. HP’s shareholders sued HP for mismanagement, though a settlement was announced in June 2014 and secured in March 2015, before the UK Serious Fraud Office closed its investigation in January 2015, and “ceded legal jurisdiction to US authorities”.

In 2016, it was reported that the case in the UK will continue through to 2018, while Lynch, alongside Hussain, was named in a claim filed for $5.1 billion (€4.7 billion) in damages at the UK High Court in April 2015. Hussain was then charged in the US of “allegedly defrauding investors” last November. Now, Silicon Valley Business Journal has reported that prosecutors “may go after more names” after charging Hussain.

Hussain will soon “make his initial US court appearance”, and in a court filing, it was found that “the US government is taking further steps in the investigation”, with the Justice Department continuing to “investigate the involvement of other persons and the possibility of other offenses arising from the facts and circumstances of this case”, though other targets were not named.

Hussain’s interviews with the FBI will be turned over during the case alongside “other third party reports of witness interviews”, he having “claimed any accounting irregularities were due to differences in the way British and American companies structure their balance sheets”. He received felony charges of wire fraud and conspiracy to commit wire fraud, and the authorities claimed he began “manipulating the company’s balance sheet in 2009”, making at least $7.7 million (€7.2 million).

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3D printing spend to grow through 2020

January 12, 2017

IDC3DResearch from IDC has found that global spending on 3D printing will increase by 22.3 percent a year up to 2020.

The research, from the market analysts’ Worldwide Semiannual 3D Printing Spending Guide, found that spending is expected to “experience a five-year” compound annual growth rate (CAGR) of 22.3 percent, helping revenues to grow to $28.9 billion (€27.1 billion) by 2020. This includes purchases globally of 3D printers as well as materials, software and “related services”, with the US delivering “roughly a quarter” of global revenues between 2015 and 2020.

The next three largest regions, Western Europe, Asia-Pacific excluding Japan, and Japan, will combined “deliver more than 50 percent of total revenues”, with the “fastest growth” coming from the Middle East and Africa (MEA) as well as Central and Eastern Europe (CEE). Western Europe’s strong growth meanwhile will “significantly close the revenue gap” with the USA by 2020, and five of the eight regions will see “total revenue growth” of over 200 percent during the five years.

The “dominant industry” is discrete manufacturing, with “more than two-thirds of all worldwide revenues” through to 2020, with all industries set to see over 100 percent revenue growth. Healthcare meanwhile is set to jump from fifth in 2016 to second in 2020, with revenues growing to over $3.1 billion (€2.9 billion), driven by “strong investments” from providers in the USA and Western Europe.

Two markets producing the “largest revenues” in 2016 were automotive design (rapid prototype printing” and aerospace and defence parts, with respective revenues of $3.9 billion (€3.6 billion) and $2.4 billion (€2.2 billion). The tools and component printing market will “also emerge as a significant market”, and by 2020 dental printing “will become a strong challenger” for third place in revenue terms.

Medical implant and device printing, product creation and prototype printing and prosthetics printing will all each “generate worldwide revenues” of over $1 billion (€940 million), while printer and materials purchases combined are set to “produce nearly two-thirds” of the total revenues. CAD (computer-aided design) revenues are forecast to “triple” through to 2020, while on-demand parts services “will nearly match this growth”.

Christopher Chute, Vice President of Customer Insights and Analysis at IDC, commented: “As the 3D Printing market matures, major trends are no longer confined to North America. Regions like Western Europe and Asia/Pacific are driving stronger levels of spending across different industries.”

Carla La Croce, Research Analyst of Customer Insights and Analysis at IDC, added: “Thanks to the broader variety of 3D printers and materials that can be used, and also to lower prices, 3D printing is becoming more sophisticated and devoted to newer uses. In addition, existing use cases are increasing their market share.

“For example: dental printing is growing rapidly with the prospect of reaching one of the highest market shares in the near future (around 15 percent in 2020), as well as 3D printing for medical implants and devices (nearly 13 percent in 2020). Moreover, the 3D revolution is discovering new market niches, and new uses will arise in the future. IDC identifies the healthcare sector as the one with the highest growth potential.”

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HP Inc’s plan for printing expansion discussed

January 11, 2017

hplogonewThe OEM’s plans have been analysed for 2017 and beyond.

Market Realist discussed how the OEM “plans to expand in the printing space”, noting that revenues from its graphics business “continued to rise for the 13th consecutive quarter”, and that it supplied “over 300” Indigo digital presses “driven by a healthy order pipeline”. In turn, it reflects on the OEM’s acquisition of Samsung’s printer business, pointing out that HP Inc is “looking to disrupt the printer space using MFP technology”.

With the deal “HP’s largest in the printing segment” and set to be approved in the first quarter of 2017, the site added that the OEM’s previous boasts regarding the copier business, which it values at $55 billion (€52 billion), have been added to by HP Inc’s announcement that it will launch a “breakthrough portfolio” of A3 MFPs in the second quarter.

The site also reflected on the OEM’s opportunities in 3D printing, stating that it has “been a market leader in the traditional printing business for the past 30 years”, and “is now eyeing the lucrative and high-growth 3D printing market”, with the Jet Fusion machines producing “superior physical parts at 50 percent of the cost as compared to current 3D printing systems”.

The OEM aims to build a “whole new partner channel for 3D printing” and grow its “ecosystem of technology partners” across a range of industries, with Market Realist pointing out that the OEM expects the 3D printing market to grow at a compound annual growth rate (CAGR) of 30 percent through to 2021. Plastics space, it believes, will account for over $10 billion (€9.54 billion) of the market, and it believes it will also be able to address approximately 77 percent of the 3D plastic market.

The site notes that the OEM predicts that this will “drive revenue significantly over the next few years”, with its “strategic partners” in 3D printing including Nike, BMW, Johnson & Johnson and Siemens.

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