by stefanie | Jan 29, 2025 | City News
The OEM reports declining revenue as cost-cutting boosts margins but market headwinds persist. Xerox reported a sharp decline in revenue for both the fourth quarter and full year, as the print and document management company navigates ongoing market headwinds. The...
by stefanie | Jan 27, 2025 | Around the Industry
HP diversifies supply chain globally, reducing reliance on China amid potential U.S. tariff impacts. HP Inc. is proactively adjusting its supply chain in anticipation of potential tariffs under the Trump administration. CEO Enrique Lores highlighted that the company...
by stefanie | Jan 17, 2025 | Around the Industry
Manufacturer advises immediate halt in usage pending free repair. Lexmark International has announced the recall of 43,510 specialty printers in the United States, citing a fire hazard stemming from a dislodged metal component inside the devices. The recall, conducted...
by stefanie | Jan 17, 2025 | City News
Chinese materials firm predicts soaring profits, buoyed by semiconductor boom and innovation. Hubei Dinlong Holdings reported a projected net profit of RMB 490 million to RMB 530 million ($71.7 million– $77.6 million/ €65.3 million– €70.6 million) for 2024. The...
by stefanie | Dec 23, 2024 | World Focus
Transaction between printing industry icons is expected to close in second half of 2025. Xerox Holdings Corporation announced it has agreed to acquire Lexmark International, Inc., from Ninestar Corporation, PAG Asia Capital, and Shanghai Shouda Investment Centre in a...
