Kodak News; Aug. 11 – 17

History still in the making… Kodak’s Theater at Eastman Business Park will now be leased by the Rochester Association for Performing Arts (RAPA). The theater in building 28 on West Ridge Road will be used as a community entertainment, conference and education center. RAPA also plans to showcase the theater as a production center and …

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Kodak News; Aug. 4 – 10

History still in the making… On Tuesday Kodak announced a new five-year senior secured credit of $200 million. Added this to the previously announced $695 million credit and Kodak is ready to emerge from bankruptcy. This new credit line will be managed by Bank of America Merrill Lynch, Barclays and J.P. Morgan. If your read …

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Kodak News; July 28 – Aug. 3

It was announced on Tuesday that CEO Antonio Perez will eventually be leaving Kodak. He will remain at Kodak for up to a year after Kodak emerges fron bankruptcy or until the Kodak Board of Directors elects a successor, whichever is sooner. Perez then will work as a full-time special advisor for up to 3 …

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Kodak News; June 17 – 21

History still in the making… Kodak and the State of New York have  reached an agreement to establish a $49 million environmental trust for Eastman Business Park (EBP)  (formerly Kodak Park). This trust will be available for remediation of past environmental concerns. This deal also helps stabilize the future of EBP which now has over …

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Kodak News; June 10 – 14

History still in the making… Kodak plans to shut down its cellulose acetate base manufacturing operations next week. Light sensitive chemicals are spread on the acetate base to make photographic film. The acetate base is made in building 53 in Eastman Business Park. Kodak has an inventory of years worth of acetate base and are …

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Kodak News; June 3 – 7

History still in the making… Kodak announced on Monday that it has reached a new agreement with 20th Century Fox to supply motion picture film to its movie and television studios through 2015. Although demand for movie film is down, Kodak said it continues to manufacture billions of linear feet of film each year. At …

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Kodak News; May 27 – 31

History still in the making… Kodak wants to set up a environmental trust fund to settle claims by both the Federal and NY State governments. The claims by those governments amount to over $96 million including a $10.1 million fine for toxic silver contamination of sediments in the Genesee River. The trust fund would be …

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