HP is streamlining its digital printing actions in Israel by making Scitex a part of the HP Indigo Division, reasonably than HP industrial. As a part of the method, 60 folks will lose their jobs, primarily in improvement, administration and finance. Scitex was one of many founding fathers of Israel’s tech trade. Indigo has places of work in Ness Ziona and Kiryat Gat.
Scitex at the moment manufactures digital printing equipment for the product packaging and indicators market. Headquartered in Netanya, it has been managed till lately as an unbiased unit with a R&D heart, finance, companies and advertising departments, just like Indigo. Scitex additionally has a producing plant in Caesarea for its printing equipment and vegetation for producing ink in Kiryat Gat and Puerto Rico.
Scitex mentioned, “HP Scitex is a crucial division in Israel with its headquarters in Netanya, and we proceed to spend money on its R&D, manufacturing and rising the corrugated enterprise. HP continues to innovate and create buyer worth and can stay centered on driving the continued digitization of trade with agility, creativity, and cutting-edge applied sciences.”
Scitex was based within the late Nineteen Sixties by Efi Arazi as a producer of textile manufacturing equipment. In 1979, the corporate modified its focus to picture printing with the purpose of perfecting the method of manufacturing the plates within the digital pre-press course of. In 1980, the corporate held a Nasdaq IPO after which it acquired a number of digital printing and wide-format printing firms. The corporate break up into two divisions, one in all which was acquired by Canadian-Israeli firm Creo, whereas the opposite, Scitex Imaginative and prescient was acquired by HP in 2005 for $230 million.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on October 27, 2022.
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