Chinese Company Purchases Kodak Paper and Chemistry
The Kodak saga took another turn as the company called Kodak Alaris announced that it was selling the paper and chemistry business to a Chinese firm called Sino Promise Holdings.
For those of you who are not familiar with Kodak Alaris, it is the UK-based company that shares a name with the legendary Eastman Kodak. Formed after Kodak’s bankruptcy, Kodak Alaris is part of a nearly $USD 3 billion claim by the former pension fund for the company. Sino Promise, a Hong Kong-based company, claims to be the largest distributor of Kodak Alaris products in the world which would make the acquisition a natural move for them.
The move ends a process that began in 2019 according to PetaPixel. Kodak Alaris has apparently shopped around the business for a while now and their agreement with…
This is only a snippet of a Photography Article written by Kehl Bayern
Read Full Article
This Content is Generated from RSS Feeds, if your content is featured and you would like to be removed, please Contact Us With your website address and name of site you wish to be removed from.
You can control what content is distributed in your RSS Feed by using your Website Editor.