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

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