Printing World articles from January 2002

Printing World archives from January 2002

Sixty jobs to go at De La Rue.(Brief Article)
January 7, 2002... De La Rue is cutting 60 jobs at its security printing works in High Wycombe in a bid to reduce overheads at the factory and help turn round the company's struggling global services division. Consultations on the redundancies began with...

Colleagues aims for results.(Colleagues Direct Marketing)(Brief Article)
January 7, 2002... Colleagues Direct Marketing, the Bath DM agency, is launching a new payment by results service next week that it believes could become a standard in the direct mail industry. The terms of the service, called Deep Blue C, will be negotiated...

CAF packages deal with consumables.(Close Asset Finance)(Brief Article)
January 7, 2002... Close Asset Finance has worked out a finance package based around the volume of consumables purchased. This falls in line with the increasing tendency to finance prepress equipment in particular through tied in consumable deals and also...

TPT goes Platinum.(Turning Point Technologies (TPT))(Brief Article)
January 7, 2002... Turning Point Technologies has achieved Platinum status as a value added reseller of SGI Origin servers. The company supplies the SHI Origin 300 and SGI Origin 3000 high-performance, high bandwidth servers due to be seen at Ipex 2002. ...

Joint venture.(Just Normlicht's distrubutor agreement with TypeMaker)(Brief Article)
January 7, 2002... German company Just Normlicht has appointed Typemaker to co-market its lighting and viewing booths in the UK, joining the existing distributor CMI Colour Measuring Instruments of Cheshire. Copyright: CMP Information Ltd.

Britney's big deal.(Las Vegas, Nevada billboard advertises Britney Spears)(Brief Article)
January 7, 2002... Britney Spears: Live from Las Vegas has been given the biggest billing it could possibly receive - a 180 ft high, 140 ft wide see through mural on the side of the MGM Grand. Promotional company SkyTag contracted Las Vegas based Adera...

Polestar's pilot job.(Polestar Specialist Colour)(Brief Article)
January 7, 2002... Polestar Specialist Colour in Dunstable has produced its first job for airline British Midland under the terms of a new three year contract. The company's e-commerce business, Polestar Online, was instrumental in winning the deal. ...

$23m investment in PrintCafe by Creo.(Creo Company Ltd.)(Brief Article)
January 7, 2002... Creo is investing more than $23m in PrintCafe as the print management services provider raises almost $40m in a private placement of equity and debt. The support takes Creo's interest in the company to around 40% and will trigger the...

West Ferry averts action.(West Ferry Printers)(Brief Article)
January 7, 2002... Industrial action at West Ferry Printers has been averted despite the workforce voting in favour of both action short of a strike and an outright strike. The east London newspaper printer was looking to make 100 job cuts and change wage...

Pindar Systems wins development money.(Brief Article)
January 7, 2002... Pindar Systems is on course to expand both its product range and its presence in new territories on the back of a second round of financing. The software company, a spin-off from the Pindar Group, has established itself as a world leader...

Pheon kit saved.(Pheon Press)(Brief Article)
January 7, 2002... Most of the equipment from The Pheon Press, Bristol, in administrative receivership, and Pheon Mailing Solutions, in liquidation, has been sold at auction (Printing World, December 10). The majority of the equipment, which includes Heidelberg...

Special edition.(the Queen to appear on special postage stamps for her Jubilee Year)(Brief Article)
January 7, 2002... The Queen will be appearing on watermarked stamps for the first time since she was 40 in a special edition series being launched next month to mark Jubilee Year. The series of stamps featuring images of the Queen from every decade of her reign...

Dudley booked up.(Starwood Hotels and Resorts renews with Dudley Stationery)(Brief Article)
January 7, 2002... The UK and Ireland division of Starwood Hotels & Resorts, which owns the Sheraton and Westin hotel chains, has renewed its contract with Dudley Stationery until December 2003 following Dudley's rescue from administration last month. ...

Butler & Tanner reports prestigious contract.(will publish the Shell Annual Report)(Brief Article)
January 7, 2002... Butler & Tanner, the Frome company best known for its book printing, has received a huge boost to its commercial business after successfully wresting the Shell Annual Report contract away from Taylor Bloxham. The precise value of the...

Agfa gives incentive.(European trade unions win benefits)(Brief Article)
January 7, 2002... Agfa has agreed a deal with European trade unions whereby it will save the equivalent of 750 full-time wages at its Mortsel headquarters by offering retirement to workers at 55, rather than 58, backed up by a system of "time credits". The...

Johnston Press deal stymied.(the Competition Commission could block transfer of papers from Trinity Mirror to Johnston Press)(Brief Article)
January 7, 2002... The Competition Commission could yet raise serious objections to the transfer of eight regional Trinity Mirror titles to Johnston Press. The Commission has sent an issues letter to both companies, saying it is looking at whether the local...

Irish Times hits crisis point.(Dublin Printing group of Unions plan possible action regarding job cuts)(Brief Article)
January 7, 2002... Leaders of the Dublin Printing Group of Unions are to meet to decide their approach to the demand for 250 job cuts at the Irish Times, the country's prestige daily which is facing a potential loss this year of over E20m. The financial...

Dumping lawsuit dropped by Goss.(Goss Graphic Systems Inc.)(Brief Article)
January 7, 2002... Goss has dropped its anti-dumping lawsuit in the US following the closure of its Cedar Rapids factory. The company announced the closure of its double-width press site after seeking Chapter 11 bankruptcy protection last August. Goss...

Happy ending as Burrups' casualties find new jobs.(Brief Article)
January 7, 2002... Two of the senior executives made redundant as part of the bloodletting at Burrups prior to Christmas have found new jobs. Former deputy chairman John Waterlow is believed to be in discussion with a number of companies and close to signing...

Joining forces.(Processing & Packaging Machinery Association and Reed Exhibition Cos. to jointly run the PPMA show)(Brief Article)
January 7, 2002... Members of the Processing & Packaging Machinery Association have voted to join forces with Reed Exhibition Companies and run the PPMA show and Pakex as complementary events. A combined PPMA-Pakex exhibition will now be held at Birmingham's NEC...

New Era in form.(New Era Packaging prints form-label for Denny's Irish food comapny)(Brief Article)
January 7, 2002... New Era Packaging, the Irish packaging printer, has produced this five- page form-label for the Irish food company Denny's to promote a barbecue competition. It was printed on the firm's 12-colour Ko-Pack with a laminated front page printed in...

Printing.com sees profits on the cards.(Brief Article)(Statistical Data Included)
January 7, 2002... High street copy shop chain Printing.com has reported that turnover is up 48% to #2.88m in the six months to October 14, 2001 compared to #1.94m in the same period last year. Gross profit also increased 72%, although the company has still...

New Year Honours for print.(historian Derek Nuttall, charity for preserving printing equipment)(Brief Article)
January 7, 2002... The man who established a charity for preserving printing equipment for posterity has been honoured with an MBE. Derek Nuttall, a historian from Cheshire, has been campaigning for almost 40 years to find permanent homes for important...

All change at Haynes Publishing.(changes to board of directors)(Brief Article)
January 7, 2002... Haynes Publishing, of car manual fame, has made substantial changes to its board of directors. Max Pearce, current group chief executive and deputy chairman, will continue as deputy chairman only from June 1 and retire on October 4. ...

KBA sees sales team completed by Riddle.(KBA UK, new technical sales manager)(Brief Article)
January 7, 2002... KBA UK has again turned to Pershke Price Service to add to its technical sales team, persuading Malcolm Riddle to join as technical sales manager for the West Midlands region. The move, says KBA UK managing director Christian Knapp,...

At home in Aylesbury.(Ballinger Rawlings, new headquarters in United Kingdom)(Brief Article)
January 7, 2002... After 15 years in Hemel Hempstead, Ballinger Rawlings has relocated to Aylesbury Vale Industrial Park, Buckinghamshire with its current staff. By using the Christmas break to move, BR kept disruption to customers to a minimum. On-site contract...

Felgate for Maiden.(Maiden Outdoor acquires Felgate Billposting)(Brief Article)
January 7, 2002... Outdoor advertising company Maiden Group, has bought Felgate Billposting in return for 300,000 Maiden shares for Felgate's directors. Felgate is London's largest billposting company, pasting 130,000 posters each year for media owners. The...

Highbury warning.(Highbury House, profit warning)(Brief Article)
January 7, 2002... Highbury House is the latest publisher to issue a profit warning because of depressed sales and advertising revenues in the last quarter of 2001. Profits for 2001 are now expected to be about #8.5m, not the #11m originally forecast....

Foster downsizes after 45 years.(Lamport Gilbert, managing director Malcolm Foster resigns)(Brief Article)
January 7, 2002... Malcolm Foster has stepped down as managing director of Lamport Gilbert 45 years to the day since he joined the Reading commercial printer as an office junior. He began his career on December 31, 1956 and after working his way up to...

Unfair dismissal md sets out case.(Mike Withington sues Augustus Martin for unfair dismissal)(Brief Article)
January 7, 2002... Former Augustus Martin managing director Mike Withington has begun an unfair dismissal claim against his former employer, and is threatening to reveal details of alleged "irregularities" involving some of its largest clients. Mr...

Newspapers look healthy.(regional U.K. newspapers expected to again become profitable)(Brief Article)
January 7, 2002... Despite the recent advertising downturn, the regional newspaper sector is due for a strong future, according to a Mintel report on behalf of the Newspaper Society. The rosy forecast is due in large part to the heavy investment in high...

Agfa and Oce team up for Oem.(world-wide marketing agreement for graphics software used by printing machinery)(Brief Article)
January 7, 2002... Oce has entered into a worldwide agreement licensing agreement with Agfa Monotype regarding ColorTune Oem colour and screening technology for its digital presses. Agfa Monotype's ColorTune tool kits have been developed to answer the...

Photobition moves on.(Service Graphics buys most of Photobition's UK operations)(Brief Article)
January 7, 2002... Service Graphics' takeover of most of Photobition's UK operations was completed on December 19. All jobs at the acquired Photobition companies have been saved, and receiver Arthur Andersen says that all trade suppliers will be paid. However,...

Pearson warning.(Pearson PLC forecasts profit shortfall for 2001)(Brief Article)
January 7, 2002... Pearson, owner of Penguin and the Financial Times, has warned of a #35m profit shortfall for 2001, because of the slowdown in advertising sales, and a fall in book sales in the Americas. Although profits will fall short of market expectations...

Adobe plummets.(year 2001 sales slower than previous year)(Brief Article)(Statistical Data Included)
January 7, 2002... Adobe made fewer sales in 2001 than in 2000 and saw profits fall by nearly a third. Sales for the year to November 30 were $1.23bn, down from $1.26bn the year before. Profits for the year fell from $287.8m to $205.6m, and from $79.2m to $34.3m...

UBM dividend.(United Business Media cuts dividends)(Brief Article)
January 7, 2002... United Business Media, owner of CMP Information, publisher of Printing World, has cut its dividend after admitting to a #60m restructuring charge to help fund job losses. Shares fell 11% to 454p on the news. Copyright: CMP Information Ltd....

Carbonless cartel hit by heavy EC fines.(Arjo Wiggins Appleton and Carrs Paper hit with fines for price fixing)(Brief Article)
January 7, 2002... Two British companies have shared in the second largest fine ever imposed by the European Commission for price fixing. Anglo-French company Arjo Wiggins Appleton and Carrs Paper, Solihull, are among ten European companies that will have to...

Bousfield blamed.(Amberley Group not responsible for loses at Bousfield; sold the unit to management)(Brief Article)
January 7, 2002... Amberley Group, until recently parent of print consumables supplier Bousfield, cannot be blamed for selling Bousfield off to its management team with venture capital backing last November. Amberley's interim results show that Bousfield's...

Tax relief for printing kit.(depreciation of printing equipment allowed)(Brief Article)
January 7, 2002... The industry has won its battle with Hector the Tax Inspector after the Inland Revenue has dropped advice to consider printing equipment as long term assets. In its latest bulletin to regional officers the Treasury has reversed an earlier...

Late payment still rife.(Experian Information Solutions Inc. reports research results)(Brief Article)
January 7, 2002... Late payment is still the norm, three years after the Government brought in legislation to cure the ill, a report said last month. Credit checking agency Experian says that the average payment period in the UK is now 60.3 days. It...

Classics online.(Penguin Classics' books now available online using Ebrary's software)(Brief Article)
January 7, 2002... Penguin Classics will distribute its library of literary masterpieces to new online markets via Ebrary's Ebrarian software. For the first time, libraries, consumers and other institutions will have online access to Penguin Classics titles...

IPS Internet move.(Intelligent Print Solutions (IPS) offers website services to customers)(Brief Article)
January 7, 2002... Print management company Intelligent Print Solutions in Tonbridge, Kent has moved its entire bespoke production system online including a secure My Job Bag section. Sales director Matthew Stevens says: `We recognise the need for our customers...

Halo floored by art.(Halo Digital printed artwork for open-air plaza in London)(Brief Article)
January 7, 2002... When mixed media artist Lesley Davy was commissioned to create a piece of artwork for the open-air plaza in front of the Economist magazine's London office, she was faced with a problem. The concept, entitled "Urban Scan", involved using...

RealTime ready for further tests.(Brief Article)
January 7, 2002... RealTime Image has completed the first set of acceptance tests towards Heidelberg's HDProof application described under the deal it signed with the German press manufacturer at Print 01. Further work, including more integration with...

Remote operation for Blueboard.(products from NUR Macroprinters)(Brief Article)
January 7, 2002... Wide format digital printing systems supplier NUR Macroprinters has a new software option for its Blueboard superwide digital printing systems. The new Remote Operation software option is designed to streamline workflow and enhance...

FineScan enters four figures.(Fujifilm shipped its 1,000th photo scanner system)(Brief Article)
January 7, 2002... Fujifilm has shipped the 1,000th unit from its scanner range in 2001, comprising the FineScan 2750 and Lanovia Quattro, while another of the company's products, the FineScan has also won the MacUser Award for best scanner. Designed for...

On-roll film from Folex.(Brief Article)
January 7, 2002... Folex has complemented its gloss clear laser-printable film for direct- contact platemaking with an on-roll film to enable wide-format inkjet poster printers to be used as an imagesetter. Folajet QD Clear 100- micron polyester is suitable for...

Safe mailings.(Britton Mailing debuts envelopes called Polysafe)(Brief Article)
January 7, 2002... Britton Mailing has unveiled a new range of Polylope envelopes called Polysafe, designed to provide safe transportation of sensitive items. The envelopes are made from polyethylene and are available in four sizes. They feature a self-seal...

Corrugated contract.(TNT Network Logistics won logistics contract from International Paper Containers)(Brief Article)
January 7, 2002... TNT Network Logistics has won a three-year contract to deliver International Paper Containers' corrugated boxes into production lines. The 24-hour service operates nationwide and collects boxes from International Paper in Cheshire and...

Good results for Bunzl.(Brief Article)
January 7, 2002... Bunzl says its overall group results for 2001 are expected to be in line with market estimates. In its first comments on current trading since the September 11 attacks and the subsequent further economic downturn, the company said its...

Newsprint boost for StoraEnso.(StoraEnso's new production line in Belgium)(Brief Article)
January 7, 2002... Following a year of paper mill closures and redundancies, StoraEnso has announced some good news. The completion of a new newsprint production line at Langerbrugge in Belgium next summer will create 450 permanent jobs, says the company. It...

Landqart sold to Swiss.(Landquart AG acquired by Mercer International Inc.)(Brief Article)
January 7, 2002... Swiss pulp and paper manufacturer, Mercer International, has bought speciality paper company Landqart for an undisclosed amount. Landqart's former parent company, Sihl, has decided to focus on the digital imaging sector, meaning that...

Calculated moves.(John Dickinson Stationery)(Brief Article)
January 7, 2002... John Dickinson Stationery is introducing a new dimension to its range of Black n' Red notebooks. The new Black n' Red Calculator Book forms part of John Dickinson's Smart Stationery portfolio. The inside front cover of the A4 case-bound...

Paper predictions positive.(predictions for paper products sales in Europe, and North America)(Brief Article)(Industry Overview)
January 7, 2002... Most paper producers expect a slow start to this year while admitting that they are uncertain about the industry's long term future. Last year was a difficult year in the fine paper markets, particularly in North America. In Europe there...

The scale of justice.(increasing number of U.K. laid-off workers file suit against former companies)(Brief Article)
January 7, 2002... Unhappy former employees are increasingly refusing to take sackings lying down and are turning to the courts By Gareth Ward The drama now being played out in an industrial tribunal in Stratford, London, is likely to be an increasingly...

It's the Network, stupid.(forecasts of impact by networking upon software programs and printing equipment)(Brief Article)(Industry Overview)
January 7, 2002... Looking into the crystal ball in an Ipex year is fraught with danger, but one theme is already clear By Gareth Ward The word on everyone's lips this year will no longer be digital but networked. Digital has largely happened. The industry...

Krumm claims.(Johann Krumm signed marketing contract with Engelmann & Buckham for Ireland and the U.K.)(Brief Article)
January 7, 2002... Johann Krumm, a subsidiary of round knife manufacturer Dienes Werke, has signed up Engelmann & Buckham (01420 82421) as its sole distributor in the UK and Ireland. Krumm - which manufactures straight knives for sheeter, guillotines and trimmers...

Touch and go.(Touch Systems debuts Clarity Professional software)(Brief Article)
January 7, 2002... Birmingham software company Touch Systems, (0121 248 2448), has launched its Clarity Professional business software tool. Aimed at print firms with up to 20 employees, Touch claims its new product looks after contact management, gives accurate...

Tube line.(Ritrama debuts flexible self-adhesive materials)(Brief Article)
January 7, 2002... New from Ritrama (0161 786 1750) is a range of flexible self-adhesive materials suitable for labelling squeezable tubes. A combination of highly conformable face films, adhesives and release liners ensure the label does not crease and stays in...

Special agent.(Plastotype's Vegra Special Cleaning Agent debuts)(Brief Article)
January 7, 2002... Vegra Special Cleaning Agent VP 9735 for the cleaning of gravure cylinders, anilox and screen rollers for chamber knife systems is now available from Plastotype (www.plastotype.co.uk). Applied undiluted to screen rollers and left for 30...

Fix-a-Form fixes deal.(Fix-a-Form unit to market label inspection equipment from Patri)(Brief Article)
January 7, 2002... Fix-a-Form International subsidiary DB Machinery has won the sales rights for the Prati range of label inspection equipment in the UK, Ireland and its own worldwide licensee network. Marketing manager Stephen Jarrold says: "Two of our own...

Cerilica's soft proofing option.(Brief Article)
January 7, 2002... Cerilica, a West Country software developer, is introducing a new ink simulation technology called Truism 2 that promises printers and designers a low cost means of soft proofing that accurately predicts how even specialist inks will perform on...

Superwide from Seal.(Seal Graphics debuts printing machinery)(Brief Article)
January 7, 2002... Seal Graphics, the finishing materials specialist that changed ownership last year, is launching a range of material handling devices for use with its superwide liquid laminators. The devices are high speed industrial rewinders that...

Beta success sees NUR ship Fresco.(NUR Macroprinters ships printing machinery)(Brief Article)
January 7, 2002... NUR Macroprinters has made its first customer shipments of the NUR Fresco HiQ series of wide format digital production printers, following successful beta testing at sites in Europe, Asia and the US. Both the Fresco HiQ 1800 (1.8m wide) and...

Eagle range.(debuts software used for specialty foil-stamping)(Brief Article)
January 7, 2002... Eagle Systems, the recently acquired division of Box-Line Technology, has launched a new range of products for the speciality foil-stamping and speciality folding market. The firm has taken the range of honeycomb heated chases manufactured...

Imaging evolution.(digital photography likely to continue changing the printing industry)(Industry Overview)
January 7, 2002... Digital is the word of the moment, but it is repro houses and not printers who are buying into digital photography By Fiona Fraser The change from chemical to digital imaging in professional photography has taken place very quickly, just as...

Digital dilemma: other options.(Phase One of Denmark, Kodak, and Sinar AG offer digital cameras)(Brief Article)
January 7, 2002... Danish manufacturer Phase One's LightPhase family of single-shot backs employs a 3,056x2,032 pixel ccd chip and captures images from 18MB and up to 48MB. The newest member of the single shot family, Phase One H20, employs a 4,080x4,080...

Picture perfect.(review of scanners)
January 7, 2002... Productivity or optical resolution - what do you want from a scanner? The Creo EverSmart Select and Jazz+ are put to the test By Laurel Brunner As part of the ongoing Pixel Perfect scanner testing programme, we recently tested the Creo...

Thermal treatment.(Kodak Polychrome Graphics)(Brief Article)
January 7, 2002... KPG is trying to grow its presence in the newspaper ctp sector. Its first UK success is at ECN By Rod Hayes Kodak Polychrome Graphics has been a late starter in the newspaper ctp sector and is now playing catch up with the three dominant...

KPG NEWSETTER: British Printer says.(Brief Article)
January 7, 2002... The Newsetter is based on a platesetter developed by Versatec, a manufacturer taken over by Kodak. The units are made by Heidelberg, and in the Far East, sold by Heidelberg. They are capstan based and the thermal head can have either 256...

The Box Room - Appointment.(Brief Article)
January 7, 2002... Multimedia brand management consultancy The Box Room has recruited Dave Samworth as account manager for its GlaxoSmithKline account. Mr Samworth will be based at GSK's Brentford site, co-ordinating projects from the design stage through to...

Prontaprint centre in Colchester.(Brief Article)
January 7, 2002... During his time as Prontaprint's head of franchise sales, Keith Harman has helped many new franchisees set up their own businesses. He is now set to take a share of the profits himself when he takes the helm at his very own Prontaprint centre...

Industrial Cooling Systems - Appointment.(Brief Article)
January 7, 2002... Iain Pickles has been appointed marketing manager at industrial packed cooling equipment specialist Industrial Cooling Systems. He will play a leading role in putting in place new advertising and marketing strategies for ICS. Copyright:...

Customark - Appointment.(Brief Article)
January 7, 2002... West Midlands auto-identification product and label manufacturer Customark has taken on Robbie Medford as sales and business manager for the North. His main focus will be on developing the business in key regions from Staffordshire to Scotland....

Southern Paper Group - Appointment.(Brief Article)
January 7, 2002... Martin Fothergill, the new managing director of Bunzl Fine Paper, has named Keith Davies as his successor to head Southern Paper Group. Mr Davies, who was Southern Paper Group's operations director for three years in the late 90s, has been...

Channel Creasing Matrix - Appointment.(new technical manager appointed)(Brief Article)
January 7, 2002... Peterborough die cutting and diemaking supplier Channel Creasing Matrix has appointed Scott Burns as technical manager. He will be closely involved in the development of new products, with a brief to ensure the high quality of all Channel...

Danka - Appointments.(Brief Article)
January 7, 2002... Office products supplier Danka's chief executive officer P Lang Lowrey, is to also assume the role of chairman of Danka's board of directors from January 13. Current chairman Michael Gifford will remain a director. Although a London company,...

Portland PMS - Appointment.(Brief Article)
January 7, 2002... Dave Barnsley has joined Portland PMS as senior sales executive. With over 10 years' in IT and recent experience in the e-marketplace his new role will concentrate on taking Portland's range of products to the corporate market, with specific...

THE CV.(interview with Bob Brooks of Creo UK)(Brief Article)
January 7, 2002... Bob Brooks, Customer services and solutions director at Creo UK How long have you been in this role? I have just completed a year, having joined in November 2000. What is your background in print? I started my working life by...

Field sheds jobs in carton closure.(Field Group PLC)(Brief Article)
January 14, 2002... Field Group has confirmed it will close its Edinburgh carton manufacturing operation with the potential loss of around 120 jobs, after completing a 90-day consultation period with employee representatives (Printing World, October 8). The...

Sports publisher PMAP crashes.(faces liquidation)(Brief Article)
January 14, 2002... Sports publisher PMAP is being liquidated, leaving creditors at least #92,000 out of pocket, after a creditors' meeting last month. The company published books and posters for sport clients including Manchester United and the Professional...

Withington dismissal case adjourned.(Mike Withington, Augustus Martin)(Brief Article)
January 14, 2002... Mike Withington's unfair dismissal claim against Augustus Martin is on hold for the next ten months. The hearing will resume on November 25. Augustus Martin is not expected to settle out of court and is confident of success, as is Mr...

Change of name.(Print Centre, Partridge and Legg change name to TPC Print)(Brief Article)
January 14, 2002... The Print Centre in Chesham is changing its name following its takeover of Partridge & Legg in Chalfont St Peter, Buckinghamshire, last year. The Partridge & Legg name will be phased out after more than 60 years. Both companies will now trade...

Marconi sell off.(Danaher Corp. will acquire Data Systems unit)(Brief Article)
January 14, 2002... Marconi has reached agreement to sell its Data Systems subsidiary to Danaher Corporation for #277m in cash. The transaction, subject to regulatory approvals, is expected to be finalised before the end of March. The proceeds will be used to...