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Rationalization has Started

A recent news release announced that Kodak will close its Middleway,

Wednesday, August 24, 2005

A recent news release announced that Kodak will close its Middleway, W. Va. printing plate manufacturing plant by the end of the first quarter of 2006. The plant was part of Kodak's acquisition of Creo Inc. earlier this year. The decision to close this facility is a result of the product rationalization activities that Kodak is undertaking as a result of the company's recent acquisitions in the graphic communications market.

Kodak will discontinue the primary products manufactured at the plant, MIRUS and FORTIS thermal plates, ETERNUS conventional plates and all associated chemistry. These products will not be available after production and inventory are depleted.

Kodak will honor all existing customer contracts and does not anticipate any interruption in supply to customers. The company will work with customers to transition to a comparable Kodak thermal plate. Kodak anticipates that the bulk of customer transitions will occur no earlier than Q1 2006.


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