Agfa Graphics considers closing its offset printing plate factory in Vallese, Italy

Tuesday, October 11, 2016

Press release from the issuing company

Mortsel, Belgium - Agfa Graphics announced today that it plans to close down its factory in Vallese, Italy, one of its seven printing plate manufacturing sites worldwide. This smaller facility produces lithographic aluminum printing plates for offset presses. For several years, these product lines have been facing a weaker market demand, primarily in Europe.

"This decision is part of our global streamlining plan to reduce our manufacturing capacity and to improve the cost structure of our printing plate business. This is necessary to remain the leading company in an extremely competitive prepress business amid global economic uncertainty," says Stefaan Vanhooren, President of Agfa Graphics.

After having considered alternative options, management has informed all employees about its intention to close the Vallese facility, impacting 120 employee positions. "We will soon start up the information and consultation process with employee representatives and we are committed to a constructive dialog in order to mitigate the social impact as well as possible," says Stefaan Vanhooren.

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