KODAK LAUNCHING THEIR NEW 1000 EMPLOYEE R&D CENTER IN ISRAEL WHILE UNDERGOING STRATEGIC GLOBAL RESTRUCTURING
Kodak commercial printing president says: “We will continue to invest here and we are expecting to see the business grow accordingly.”
Kodak’s President of Graphic Communications Group, Jim Langley visited Israel for the launching of its new R&D center which employs 1,000 people. Langley stated, “In Israel there is already proven experience in revolutionary printing technology. . . We will continue to look for ways to improve our business with the talent that exists here.” Kodak has a history of investing in Israel, including the 2005 acquisition of Creo / Scitex worth $988 million, which specializes in digital workflow systems. (Source: Launch pad Israel).
Kodak has established Research and development is headquartered in Rochester, New York. Other U.S. groups are located in Boston, Massachusetts; Dallas, Texas; Oakdale, Minnesota; New Haven, Connecticut; and San Jose and San Diego, California. Outside the U.S., groups are located in England, France, Iceland, Israel, Germany, Japan, China, Singapore and Canada. Kodak’s total annual R&D budget is more than $700, of which the Graphic Communications Group R&D budget worldwide is about $200M.
