WXXI AM News

Kodak

A longtime Harris Corporation executive  talks about the company's job prospects here in Rochester, just as he takes a new leadership role with the company. 

Meanwhile, job prospects in Rochester won't be as robust next quarter according to a new Manpower survey, plus find out why Kodak and the fashion retailer Forever 21 are joining forces.

Eastman Kodak

Kodak is using its iconic brand to join forces with a fashion retailer.

The company has announced that it is teaming up with Forever 21 on a new apparel collection for the fall season featuring some of Kodak’s many logos and designs, using original colors from Kodak branding and packaging from the 90’s.

The clothing line also draws inspiration from Kodak’s days as a NASCAR team sponsor.

Eastman Kodak says that it plans to sell  to sell its Flexographic Packaging Division.

That division is involved in a form of printing which uses flexible plates to print on a wide variety of packaging materials.

CEO Jeff Clarke says this is a great opportunity to get value for shareholders since there has been strong interest in the division. He says the Flexographic unit has performed exceptionally well, but he says by selling the unit, it will help allow Kodak to focus on growth areas.

Eastman Business Park

Local Kodak and government officials recently celebrated the completion of a $75 million dollar new boiler house located in Eastman Business Park.

That was part of the conversion of the utility plants at the industrial park earlier this year from coal to natural gas.

Eric Gottung is project manager. He works for RED-Rochester, the company that runs utilities at the business park.

He says the conversion from coal to natural gas brings a number of advantages including the fact that it’s better for the environment.

Another top ranking for Wegmans leads this WXXI Business Report. Also, find out about strong job growth numbers for the Rochester metro region, and a new executive appointment at Kodak.

www.kodak.com

Eastman Kodak has announced a new president for its Consumer and Film Division.

Eric-Yves Mahe will take that role effective immediately. He will also continue in his role as president of the Software and Solutions Division.

Mahe will replace John O’Grady, who was named President of the Print Systems division earlier this year.

Kodak is reporting its first quarter financial results, and they show a loss of $25 million compared to the same time last year. Revenues were flat, at $357 million.

CEO Jeff Clarke says the company did see strong performance in some of its key segments for commercial printing and packaging.

At Brighton Securities, George Conboy says there may not have been a lot to cheer about in this quarter, but hopefully sales have stabilized and will see increases in the future.

A new documentary called Photo City tells the story of Rochester’s past, present, and future as a hub for photography. It will be screened as part of the One Take Film Fest at The Little Theatre.

The filmmakers are from Ireland, and we talk to one of them about why his team chose Rochester as the subject of the film. We also hear from local photographers and filmmakers who will share their take on Rochester as a photo city. Our guests:

  • John Murphy, co-director, co-writer, and editor of Photo City
  • Arleen Thaler, socially-engaged photojournalist
  • Jack Garner, retired national film critic for Gannett Newspapers
  • Linda Moroney, filmmaker, and director and programmer for the One Take Film Festival

Eastman Kodak is announcing a change in the corporate ranks. The company says that John O’Grady has been named President for the Print Systems Division effective April 24.

O’Grady is currently President of the Consumer and Film Division and he is the former General Manager of World Wide Sales for Print Systems.

Eastman Kodak is reporting earnings for the 4th quarter and all of 2017.

The company is reporting profits of $129 million for the quarter and $94 million for the year overall. But as George Conboy of Brighton Securities points out, that profit is mainly due to the fact the company had a one-time tax benefit of $101 million.

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