The theme of the event centered on regeneration and the revitalization and investment of the Weatherford plant in its 50th anniversary year, which was chosen for its strong technical capabilities and existing skilled tenured workforce.
The new flexo plate manufacturing line, a sister operation to Kodak’s existing plate manufacturing facility in Yamanashi, Japan, is designed to meet increasing industry demand for higher quality flexographic printed packaging with more cost effective and efficient production processes. The $15 million investment represents one of the company’s largest capital investments since 2000 and underscores the ongoing growth and adoption of KODAK FLEXCEL NX Plates that grew 16% in 2016 compared to the prior year, a rate four times the projected growth rate of the flexible packaging market itself, according to Smithers Pira.
“Today’s celebration brings a focus on the ‘new face of flexo,’” said Jeff Clarke, CEO. “Kodak’s differentiated flexo technology is helping our customers to drive growth, break new ground and transform flexographic printing and the packaging industry as a whole. The growth of KODAK FLEXCEL NX speaks to the strength and opportunity of the flexographic packaging market, and we’re looking forward to using the expanding facility here in Weatherford to continue helping our customers realize the benefits of Kodak’s flexo technology and what its unique capabilities can do for their business.”
The new flexo plate line is expected to be in full production by early 2019 and will initially focus on supply of FLEXCEL NX Plates to customers in the US, Canada and Latin America.