Kodak emerges from bankruptcy protection

Kodak has been in bankruptcy protection since the start of 2012, but it was confirmed that it would emerge from Chapter 11 after the US Bankruptcy Court for the Southern District of New York confirmed its reorganization plan.

Kodak chairman and chief executive officer Antonio Perez, who is to leave the company as part of its reorganization, said: ‘We have emerged as a technology company serving imaging for business markets – including packaging, functional printing, graphic communications and professional services.

‘We have been revitalized by our transformation and restructured to become a formidable competitor – leaner, with a strong capital structure, a healthy balance sheet, and the industry’s best technology.

‘We are setting a trajectory for profitable growth. We have the right technology at the right time as printing markets increasingly transition to digital. Our broad portfolio of offset, hybrid and digital solutions enables customers to make the transition at their chosen pace using our breakthrough technology solutions.

‘We thank our employees for their extraordinary skills and commitment. We thank our suppliers for their dedication. We thank our customers and partners for their loyalty and for inspiring us to create disruptive technologies and breakthrough solutions.’