Creo expands its plate factory in US to meet demand

Creo plans to construct an additional state-of-the-art lithographic plate production line at the facility with construction expected to be completed by the end of 2005.

"Our customers have responded enthusiastically to our complete solution - workflow software, imaging devices, plates, professional services - and we will continue to meet their needs for quality products that help them to run their business more efficiently," said Amos Michelson, Creo chief executive officer.

According to company figures revenue from Creo consumables (printing plates and proofing materials) totalled US$52.5 million in the first three quarters of fiscal 2004. Revenue from consumables is expected to grow by more than 50 percent in 2005.

Creo launched its Digital Media (consumables) business in September 2003 with the introduction of the Creo Positive Thermal Plate and the acquisition of a South African manufacturing facility.

In February 2004, Creo acquired the West Virginia plate manufacturing facility from Spectratech International, and with it, the ability to produce the Mirus PN and Fortis PN thermal plates.

In March 2004, Creo announced a partnership with Sichuan Juguang Printing Apparatus, one of the largest plate manufacturers in China. Juguang is manufacturing the jointly developed Juguang JPT-1 Positive Thermal Plate. Creo's plates are also being manufactured under contract at other facilities around the world.

Tracking plate usage with Inventory Assist

Creo is currently demonstrating Inventory Assist, a new automated tracking system that will allow customers to track their plate inventory automatically. The number of plates imaged is automatically monitored and available online through eCentral internet services giving the printer an accurate inventory of plate supplies as well as the status of pending orders and shipments.

"Within seconds, you have up-to-date details on your overall plate consumption, from the start of your contract to the present date. The report shows you all the information you need, including pricing," explained Eyal Shpilberg, Creo corporate vice president, thermal consumables.

Inventory Assist allows a customer to view a monthly graph showing forecasted versus actual usage. When inventory levels drop, reordering can be completed with a couple of mouse clicks and the Order Status Report confirms when the plates will arrive. Inventory Assist will be broadly available later this year.