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API Foils UK and API Laminates Purchased from Administrators

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API Foils UK and API Laminates Purchased from Administrators VOLUME 34 – NO 3 / MARCH 2020 API Foils UK and API ‘Holographic’ Lift Buttons Laminates Purchased A technology company in the city of Hefei, west of Shanghai, has from Administrators developed ‘holographic’ lift buttons as a way to avoid touching surfaces that may harbour the Covid-19 virus. Picture of holographic lift button device, from API Group – the UK headquartered Last month the API group of companies, Tencent Video. manufacturer and distributor of foils, including API Americas which filed for laminates and holographic materials that Chapter 11 protection, were placed in The manufacturer, Easpeed, says went into administration at the end of administration (see HN February 2020) that the system is compatible with all January – has had its UK business (API in January with the loss of over 100 elevators and only takes 30 minutes Foils Europe) purchased by Aldus – an jobs. This was due to the demise of the to install. Australian manufacturer of packaging business related to changes in regulations, The device works by projecting an and labelling equipment. API Laminates particularly around cigarette packaging image of buttons in the air and allowing UK has been acquired by JPF API rules, and loss of some major customers. users to ‘touch’ them. Easpeed says Laminates UK Ltd. it can be fitted to all elevators, and API Foilmakers has a response time of less than The API Foils acquisition excludes API’s The new company API Foilmakers will be 30 milliseconds. Dutch and Asian operations and will led by Will Oldham, who was the managing be named API Foilmakers Limited, with director of API Foils between 2012 The system costs around $2,000, production soon to restart at the company’s and 2015. which may reduce further as mass production begins. factory in Livingston, Scotland. Oldham said: ‘I am delighted to be back Aldus is an Australian company that has leading the API’s European foil business The technology uses lenses and the manufactured Tronic label applicators which has been at the forefront of quality principle of light field reconstruction and other equipment for 49 years with graphic stamping foils for many years. to re-converge divergent light into operations throughout Australia, New Joining the Aldus Group will give our team a real image in the air. According to Zealand, Malaysia and USA. It also the financial strength and support to ensure the requirements, different image purchased Australian foil manufacturer and the we can continue to deliver the highest presentation angles can be set with the global distributor Milford Astor Foilmakers quality product to our customers across imageable size and imageable distance last year. This latest acquisition expands the Europe and the world.’ set by the size of the lens. company’s global footprint. Continued on page 2 > easpeedtech.com www.holography-news.com 2 inch 1 1/2 inch L HO NA LO IO G L HO T R NA LO A A IO G T R N M A A R N M M R E M E T T A A N N N N I I U U N F A N O F I C A T O T A I U I C R C T E T O R S S S A A U I R C E O R S S S A L HO NA LO IO G T R AL HO A A N LO IO G N M T R A A R N M M E R M T E A T A N N N N I I U U N F N F A O A I O C T I T C A U I T T R C A E O U R S I S S IHMA: An Opportunity For the A R C E O R S S S HolographicA Industry to Help As the world battles the COVID-19 produce products for customers, whilst of crisis we all face unprecedented times course honouring contractual, commercial and changes in both our personal and and security agreements. So please contact L HO business lives. As we are all aware, a us if you need support or assistance from NA LO IO G number of countries have implemented within the industry. T R ‘lock down’ procedures,L HO restricted A A NA LO As a reminder the IHMA’s code of practice M IO G N internationalT travel and closedR borders, clause 4 states: ‘where by reason of R A A non-essential shops and other facilities. M M E N factors outside their control, such as fire, R T M A We all Ehave our part to play in minimising flood, industrial unrest, bankruptcy or T A N N the spread of the virus, reducing fatalities other factors, a member is unable to meet I N N I U and minimising the impact on businessesU the contractual obligations for quantity or N N F F A A O O where practically possible. This is a date delivery, then by agreement with the I C I C T T T A considerable challenge, soU no more than customer the member will endeavour to T I R A C U I E O R S S ever is the time forS the holographic industry place that work with another IHMA member R A C E O R S S S A to continue to work together as an industrial and will cooperate fully with that member. community and support each other to If required or necessary, and in strictest sustain business and continue where confidence, the IHMA will undertake the possible to meet customer’s requirements. finding of a member to complete the order.’ Your association, (the IHMA) can offer For the IHMA secretariat it is business as support. Although the association cannot usual, and we want to help to ensure where provide financial support, we can help to practically possible it’s business as usual for put you in contact with other companies, our members and the holographic industry IHMA members and suppliers within this during these unprecedented times. Inside this Issue sector should you need to source materials, [email protected] outsource production and collaborate to 1 API Foils UK and API Laminates Purchased from Administrators 1 ‘Holographic’ Lift Buttons API Purchased (Continued) 2 IHMA: An Opportunity ‘We are particularly pleased to be restarting Dino Kiriakopoulos, CEO, of the newly For the Holographic the Scottish manufacturing facility and created company, said: ‘we are very Industry to Help ensuring the continuing operation of our pleased to announce the restart of API distribution hubs across Europe, delivering Laminates, which has been purchased 3 Uflex to Complete 160 jobs, including more than 100 by JPF API Laminates UK. I am extremely Overseas Expansion in Scotland.’ pleased to be re-joining the outstanding by 2021 Aldus CEO Frank Floriano said API’s market team at our Poynton factory, and being part of the group. With Europe’s largest installed 3 Award Winning Banknote leadership in producing high quality foils transfer metallised lamination capacity, our Incorporates KINEGRAM was one of the reasons for the acquisition. 'We are committed to provide additional market leading Transmet product provides HDM Metallisation a plastic free, recyclable solution for your Technology capital and support to ensure that API will continue to supply its existing customers packaging needs. Many thanks to our loyal 4 Australia Launches and invest in the development of market customers for their support over these last New $100 Note with leading products,’ he commented. difficult weeks.’ Advanced Window API Foilmakers Commercial Director Mark ‘In these difficult times we wish you all the Technology Gilbert added that work is underway to get best of health and look forward to re- production back to normal in its Livingston engaging with our customers, suppliers and 5 Windows of premises in Scotland. the community very soon.’ Opportunity for Kurz As reported in last month’s Holography API Laminates News, US sister company API Americas 6 Holographic Telepresence In a separate announcement, the UK-based Inc, has filed for Chapter 11 protection. API Laminates business was acquired 7 From the Archives by JPF API Laminates UK Ltd. JPF API 8 WayRay Moves Laminates is owned by JPF Netherlands Forward BV, which is the holding company for all the international businesses owned by BC Jindal group apigroup.com 2 HOLOGRAPHY NEWS | COMMENT Uflex to Complete Overseas Expansion by 2021 Uflex – India’s largest flexible packaging For 2018-19, Uflex reported a consolidated Overall, operating EBITDA margins of company – expects to complete its revenue of Rs 7,957.22 crore ($1.1 15% were achieved for the quarter, international expansion plan by the next billion) and standalone revenue of Rs driven by higher margins in the Packaging financial year, resulting in an increase 4,220.97 crore, which consisted mainly of Films Business and higher volumes in in overseas contributions to the total domestic revenue. the Packaging Business. In FY21, the revenue in the coming years. Besides ramping up overseas expansion, company’s greenfield plants in Russia, Over the last few years Uflex has made Uflex is also focussing on capacity utlisation Nigeria and Hungary will become operational significant investments of $301.7 million of the domestic manufacturing units at and will add to the topline and profitability.’ (approx Rs 2,167 crore), which includes Noida, Jammu and new unit at Sanand, Some key product launches in this $86.5 million in Nigeria, $81.2 million in Gujarat and expects the domestic business quarter included: Hungary and $75 million in Russia. In to grow as well.
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