Newspapers and Technology March 2000
News Briefs
The Graphic Arts Show Co. launched a new Web site supporting its upcoming Gutenberg Festival 2000.
The improved site is located at www.gasc.org and offers attendees, registrants and exhibitors easy access to show information, including the exhibit hall floor plan and a searchable exhibitor database, as well as the option to conduct pre-show planning.
The trade show, which runs April 27-29 at the Long Beach Convention Center in California, will showcase prepress, printing and converting products and services and include over 300 companies and 30,000 participants.
Von Roll Handling System Ltd. became Valmet Roll Handling Ltd. to reflect its purchase by the Valmet Corp., which occurred nearly one year ago.
Valmet Roll Handling will continue to manufacture the same custom systems for storing, transporting and loading paper rolls.
Sun Chemical Corp., which manufactures printing inks and pigments, increased its stake in Colour Valid Ltd.
Colour Valid's AccuColour system analyzes video images, measuring color on-press at full press speed.
Sun Chemical and Colour Valid will exhibit AccuColour at drupa 2000 in May.
Inco Graphics in Mason, Mich., recently installed Muller Martini's Bravo-T Saddle Stitcher.
The Bravo-T is a mid-range, 11,000-copies-per-hour saddle stitching line with customizing options, including cover folder feeder and calendar punch.
Prensa Espanola S.A., publisher of the Spanish daily ABC, recently commissioned two Euroman presses from Muller Martini for installation at Prensa's Madrid production facility.
In addition to the presses, Prensa selected M¸ller Martini's Newsgrip transport system, two Newsliner inserting machines and the FlexiRoll buffer with 200 roll holders and the option of automatic feed of pre-printed sections as well as loading with external supplements or pre-inserted products.
Dow Jones & Co. announced that it increased the quarterly dividend on its common stock and Class B common stock 4.2 per cent, from 24 cents to 25 cents.
The increase, the first for Dow Jones in four years, was payable March 1 to shareholders of record as of Feb. 1.
Bowater Inc. announced its financial results for the fourth quarter and the full year of 1999.
On net sales of $525 million, net income for the fourth quarter totaled $20.4 million, or 38 cents per diluted share.
The full year of 1999 yielded net income of $78.7 million, or $1.41 per diluted share, including gains on the sale of assets, net of impairment charges, of $72.8 million after tax, or $1.32 per diluted share.
Net sales for 1999 amounted to $2.1 billion, increasing from $2 billion in 1998.
Also in 1999, Bowater completed the sale of Great Northern Paper Inc. to Inexcon Main Inc. for $250 million.
Bowater's board of directors announced a quarterly cash dividend of 20 cents per common share. Payment will be made April 3 to holders of record at the close of business on March 10.
Holders of exchangeable shares in Bowater's subsidiary, Bowater Canada Inc., will receive a dividend in the same amount with the same record and payable dates.
Bowater Inc., headquartered in Greenville, S.C., manufactures newsprint and other lumber products.