September 9, 2005 – As part of their digital transformation, Kodak announced yesterday plans to invest up to $100 million in a digital imaging plant in China, according to a report in the China Daily.
The plant, to be added to Kodak’s manufacturing campus in Xiamen, China, will produce plates for commercial printing from digital files. The facility is expected to begin operations by the middle of next year.
“The Xiamen campus will become a centre for digital media and related products as Kodak continues the rapid transformation to a digital company," the paper quoted Daniel T. Meek, senior vice-president of Kodak as saying.
Along with consumer digital products, Kodak has focused its research efforts in the last few years on applying digital technology to the commercial printing and medical imaging fields.
Last year, for the first time, Kodak’s sales of digital products exceeded those of traditional film-based products. Over half of the company’s $13.5 billion global sales volume was accounted for by digital imaging products.
