The company tells Inside INdiana Business says the shutdown is the result of a steady decline in demand for long-run catalog and magazine printing. LSC common stock (LKSD) is now being traded on the OTC markets. PHONE: (317) 634-6200. Reader feedback is always encouraged. LSC Senior VP Melissa Noebes confirmed to Printing Impressions that 380 workers are employed at the just under one-million-sq.-ft. Lancaster East facility, which houses an approximately 50/50 mix of gravure and web offset printing presses. LSC Communications, North America's fourth largest printer, says it is closing two of its facilities. To ensure this therapist can respond to you please make sure your email address is correct. YP, the YP logo and all other YP marks contained herein are trademarks of YP LLC and/or YP affiliated companies. We want to sincerely thank our vast industry partners -- including exhibitors, members and attendees -- for their collective support during this ever-changing landscape and time, says Ford Bowers, CEO, PRINTING United Alliance. LSC operates printing plants on Harrisburg Pike and Greenfield Road. It will be the companys second Heidelberg press alongside a Speedmaster SX 74-4-P-H chosen by the customer for its machine fleet. If you prefer corresponding via phone, leave your contact number. La Habra (5 miles) Fullerton (6 miles) Yorba Linda (9 miles) Anaheim (9 miles) Buena Park (11 miles) Walnut (12 miles) La YP advertisers receive higher placement in the default ordering of search results and may appear in sponsored listings on the top, side, or bottom of the search results page. Inside INdiana BusinessA division of IBJ Media, 1 Monument Circle, Suite 300Indianapolis, IN 46204, Copyright 2023 All Rights Reserved Privacy Policy | Terms of Service, shuttering one of its plant in Kendallville, the company was acquired by Connecticut-based private equity firm Atlas Holdings. Back for its 38th year, this venerable list ranks the largest printing companies in the U.S. & Canada. All rights reserved. Mark Michelson is the Editor-in-Chief of Printing Impressions. I hate to lose one company that calls Spartanburg home because they became family, but it is a fact that the times and markets are always changing.more at source: https://www.piworld.com/article/lsc-closing-spartanburg-sc-printing-plant-impacting-400-workers/. 1 Monument Circle, Suite 300 Indianapolis, IN 46204. If you are struggling with depression, anxiety, stress, the impacts of traumatic life experiences, and/or trying to strive for the higher callings of life, Dr. Plant has a true passion for working with people just like you. Recent pay transparency regulations across the United States highlight the value and impact of creating pay scales that define the hourly or annual salary range an employer reasonably expects to offer to pay for a position. Several area employers have already reached out with job opportunities, and LSC is doing everything it can to facilitate those connections, according to Noebes. Among its many advanced features are Parallel Makeready*, which dramatically shortens makeready times, Smart Sequence* for non-stop automation, A-APC (Asynchronous Automatic Plate Changing System) for fast plate changes, PDC-SX (Spectral Print Density Control SX), and Full Unit Ink Mist Filteringall targeted to increase productivity and reduce costs. A second LSC location in Kendallville remained open as it handled digital production and warehousing. Third quarter net sales were $834 million, down $181 million or 17.9% compared to $1.015 billion in the third quarter of 2018. "We have also received a half-dozen calls from printing companies across the country looking for skilled labor; especially press and bindery operators.". The new solution increases the ease of use and on printer experience by enlarging the ink operating window for accurate jetting performance. A company spokesperson says it will not be adding staff to its Warsaw plant as it has the capacity to absorb the incoming work. Following a lengthy bidding war, Chatham eventually prevailed, acquiring RRD in February 2022 for $10.85 per share in an all-cash transaction with an enterprise value of $2.3 billion. LSC Communications will be closing its facility at 2500 Marion Drive in WebDr. Our expertise spans the globe to coordinate quality, cost-efficient print and digital solutions that connect to our facilities in the United States, Mexico and Canada. Weve come a long way already, but the road ahead is bright and lined with good stories Unknown. WebPrinted Packaging Solutions & Programs. Appointments are only scheduled through secure video/telehealth. Toyama Sugaki likes the short makeready times, the perfect print quality, and the high production speed of the new press. According to a Jan. 31, 2018, article in the Journal Gazette & Times Courier, the former RR Donnelley,Mattoon, Ill., plant celebrated its 50th anniversary in 2018. Send this email to request a video session with this therapist. The Chicago-based printers operation on Lester Drive in the same roughly-10,000-resident town in northeast Indiana will remain open. Citing a drop in publisher demand for print publication titles and significant structural changes impacting the industry, Chicago-based LSC Communications filed a Form 8-K with the Securities & Exchange Commission (SEC) on Jan. 14 announcing it will close its manufacturing facilities in Strasburg, Va.; Glasgow, Ky.; and Mattoon, Ill. Plant genuinely loves his work and is dedicated to the delivery of quality services with each new client. Email, Target Report: Private Equity Feeds Growth, Heidelberg Reports First Half of Year Financials, RRD Reports 8.9% Sales Gain for Third Quarter, Quad Reports 18% Sales Gain in Q3; Raises Guidance, Latin American Pavilion at PRINTING United Expo, RMGT Celebrates Success of Offset Printing at Expo, Highlighting the New Kodak ASCEND Digital Press. Both printing plants are in Lancaster city. More than 650 employees will be out of work when the plants close on March Quad then attempted to acquire LSC in a $1.4 billion, all-stock transaction in October 2018, which resulted in the U.S. Department of Justicefiling an antitrust lawsuit in June 2019 to block the transaction. LSC Newmarket , Ontario location. Dr. Plant emphasizes the principles of whole-person care and the integration of faith into treatment. Please contact us by email or fill out the contact page on our website. The latest press in the GLX series from Komori features the most productive and robust automation available. Our customers are reducing their page counts and print runs, and some are converting to other marketing channels, forcing us to closely examine our operations and position ourselves for winning in a new marketplace, said Mains. Indiana has not been immune to LSC closings. The therapist may first call or email you back to schedule a time and provide details about how to connect. LSC operates printing plants on Harrisburg Pike and Greenfield Road. Decline in Long Run Printing, LSC Closes Two Plants. UV inks are instantly cured, eliminating all marking concerns on press and in finishing, thus allowing the press to run at higher speeds. That wasn't enough to keep LSC Communications afloat financially, however, and LSC voluntarily filed for Chapter 11 bankruptcy protection in April 2020. Strategically designed with your needs in mind, Distribution, consolidation, & transportation management. We conferred with dozens of exhibitors from all segments and sizes, regularly monitored attendee sentiment, and the weight of opinion supported the difficult decision to cancel this years show., https://www.wgal.com/article/lsc-communications-to-close-its-printing-plants-in-lancaster-county/42407896, Speedmaster XL 106 from Heidelberg unmatched in productivity and efficiency, LSC Granted a Weeks Extension in Auction Process (publishersweekly.com), PRINTING United Alliance Cancels 2021 In-Person Expo (piworld.com), Amcor expands healthcare platform in Asia Pacific with acquisition of MDK. WebCiting a drop in publisher demand for print publication titles and significant structural changes impacting the industry, Chicago-based LSC Communications filed a Form 8-K Informations sur votre appareil et sur votre connexion Internet, y compris votre adresseIP, Navigation et recherche lors de lutilisation des sites Web et applications Yahoo. Call 911 or your nearest hospital. News coming from LSC surely hasn't been good since its failed merger attempt with Quad. The PRINTING United Alliance board of directors felt the ability to deliver a successful tradeshow event for all involved became significantly hampered recently with the growing uncertainty and spike in cases resulting from the COVID-19 Delta variant, and its depressing effect on registration and exhibitor participation. These options (contact page or email) will get quickest return responses. Supremex Announces the Acquisition of Impression Paragraph Inc. ND Paper to Increase Efficiency at Rumford Division with Support from Grant Funding. A hearing to consider the proposed sale is now set for September 11. Our customers are reducing their page counts and print runs, and some are converting to other marketing channels, forcing us to closely examine our operations and position ourselves for winning in a new marketplace, said Mains. It is never good news to have a longtime company close, but the good news is, if it had to happen in 2021, Spartanburg is the place you want to be, Spartanburg County Councilman David Britt, chairman of the countys economic development committee, told the Spartanburg Herald-Journal following news of the impending closure. The consolidation decision was made after having exhausted all other options for the business. All rights reserved. 10 January 2023. Nearly 20 printing companies are interested in hiring at least some of the 656 LSC Communications workers who are set to be laid off by March 31. "In addition, we are growing our capabilities in digital printing, print and non-print logistics, and marketing execution services. For an appointment with Dr. Plant, complete the form on the contact page at www.plantpsychological.com or send us an email using the "Email me" button on this profile. ", Fortunately, Lancaster, Pennsylvania, is a rapidly growing community. The work at those plants will be shifted to two other LSC operations, including one in Kosciusko County. At that time, Jim Lanman, VP of manufacturing at the plant, told the local Rotary Club that the Mattoon operation is LSC's largest manufacturing plant with 1.3 million square feet under one roof, 700 full-time workers, and outputting 80 billion printed magazine and catalog pages per year. Nevertheless, the past several years have been difficult for LSC Communications. The consolidation decision was made after having exhausted all other options for the business," she added. WebOur expertise spans the globe to coordinate quality, cost-efficient print and digital solutions that connect to our facilities in the United States, Mexico and Canada. Verify your health insurance coverage when you. It is always difficult to make business decisions that impact our employees and the communities in which we operate, and we are committed to supporting employees impacted by these closings with severance packages and transition assistance, as well as potential relocation opportunities, Quinlan concluded. At this time, the company anticipates that all employees will be permanently separated from employment with the company by December 23, 2020, wrote Rebecca Robertson, VP of human resources, in The actions we announced today represent another step in our proactive efforts to address the significant structural changes in the industry. You may want to provide a little background information about why you're reaching out, raise any insurance or scheduling needs, and say how you'd like to be contacted. Like the Pennsylvania closing, LSC blamed the move on continued deterioration of market conditions. 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