The Ilford Imaging director stated that they had great hopes on a new product for agricultural use which is ready for production. However a change on the single-client side took place together with "trade issues".
The judge gave Ilford time until mid-august to come up with a new investor, something Ilford considers up to year for.
Theses days, the same time that the employees are still awaiting their july wages and were already told to seek new jobs, two managers of Ilford and a third party bought their plant from Paradigm Investers.
Nevertheless the plant still has to face bancruptcy decision by court next week. The buy is depicted as a time winning means to enable further search for an investor. Without whom the succession of the plant will not be possible.
Interesting is that the third partner is the owner of the property itself. This shows the complicated legal situation and the lack of assets at Ilford.
I guess after Oji sold it to them, the Investers didn't have the right Paradigm! ;)
-) the court decision has been postponed to mid of the month
-) half of the employees are regarded as redundant and will have got the notice by now on the basis of a social programme
-) new money is expected from selling part of the property for housing and from a new, japanese, investor
-) the plant will be restructured (The morsels I got to know so far do not hint at halide film and paper though.)
no case of insolvency
Yesterday the judge decided not to open/proceed a insolvency case. As the company seems sound enough to go on.
Does anybody in photography really care one way or the other?
They already axed Ilfochrome and, from what I hear anyway, their ink jet papers are not particular favorites of folks using that output method. So excuse me for the very obvious, but who cares and why should we?
Now if they'd bring back Ilfochrome, with better QC than it was said to have at the end there, and a better price, and better distribution....and then I woke up.
If they produce silver gelatin anything at all - I don't care what the product - then I care, regardless if I use their product.
You might not know:
Originally Posted by Roger Cole
They offer the highest gloss RA-4 reflective print material. This is unique.
Furthermore, the future of halide photography depends on the industry. So far enterprises as Adox etc. are dependant on products or services of such larger companies.
Yes. I care.
Ilford Gold Fiber Silk inkjet paper is beautiful. The best semi gloss paper on the market in my opinion. For those of us who do both wet and dry printing it would be a huge loss for this paper to go away.
Ok. You're right, I had forgotten about the high gloss RA4. That would be a loss.
Ink jet paper, well I'm sure it's good but there's no shortage of ink jet papers. Analog folks lose favorites with distressing regularity. :(
Anyway, I wish them well.