Kodak and Bobst sign packaging partnership

Kodak has hailed its partnership with Bobst as "a great example of how the new Kodak wants to do business".

The strategic development agreement will involve Kodak technology being integrated into Bobst packaging production equipment.

Kodak said the partnership was a response to the growing demand for flexible, folding carton and corrugated applications.

Chief executive Antonio Perez said Bobst was known for its "high-quality solutions" and for "anticipating and meeting the changing needs of its customers".

"Our agreement with Bobst is a great example of how the new Kodak wants to do business - leveraging our technologies through collaboration and synergistic product development for the benefit of customers, partners and for Kodak," said Perez.

[Related: Kodak exits chapter 11 bankruptcy]

"Bobst's commitment to introducing innovative products, its loyal customer base and Kodak's portfolio of advanced technologies, including the Kodak Stream inkjet technology, are a powerful combination that we believe will stimulate growth and transformation for Bobst customers and for our industry."

Bobst chief executive Jean-Pascal Bobst said the partnership would promote innovation.

"To extend the capabilities of packaging production equipment, we decided to join forces with Kodak in particular because of their strength in the digital arena," said Bobst.

"Our companies are working together on innovative industrial solutions that will offer our customers unique opportunities to expand their businesses.

"We are looking forward to completion of development work and rigorous testing, and ultimately to the announcement of innovations to our customers."