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Photo Forum / Film Photography / Darkroom / August 2004

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Agfa

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Jim Phelps - 19 Aug 2004 17:53 GMT
All,

  There was a news article on the German news today how Agfa has sold off
it's film division.  I only caught a short portion of the rather quick story
(why is it wives know exactly the worse time to ask you what you want to
have for dinner?), but the story alluded to digital being the future and
Agfa did not see a future in film.

  This pains me deeply as I am a strict analog picture taker.  If I catch
the whole story later on, I'll post more.  No they didn't say who the buyer
was...

Jim
Jim Phelps - 19 Aug 2004 18:06 GMT
> All,
>
[quoted text clipped - 9 lines]
>
> Jim

I found a bit more on this on a German News Website.  www.n24.de  Seems it
was a management buyout with cooperation from Abrams Capital and Highland
Capital (both US captial investment firms).  The plan is to continue to
produce photographic material and continue to play a roll in the photgraphic
industry.  Whew!

Here's some of the original German text from the n24 web site:

" Diese Gesellschaft ist gemeinsam mit dem bisherigen Management und den
US-Investoren Abrams Capital und Highfields Capital neue Eigentümerin des
Unternehmens. Eddie Rottie, der bisherige Leiter des Fotobereichs und
künftige Chef des Unternehmens, erklärte: "AgfaPhoto wird weiter eine
führende Rolle in der fotografischen Industrie spielen."

Now, what's for dinner again???
jjs - 19 Aug 2004 18:40 GMT
> I found a bit more on this on a German News Website.  www.n24.de  [...]

> Now, what's for dinner again???

Crow? Again?
Jim Phelps - 19 Aug 2004 20:11 GMT
> > I found a bit more on this on a German News Website.  www.n24.de  [...]
>
> > Now, what's for dinner again???
>
> Crow? Again?

Huh?  what do you mean?
jjs - 19 Aug 2004 21:15 GMT
> > > I found a bit more on this on a German News Website.  www.n24.de  [...]
> >
[quoted text clipped - 3 lines]
> >
> Huh?  what do you mean?

Just mumbling to myself.
Ralf R. Radermacher - 19 Aug 2004 18:57 GMT
> " Diese Gesellschaft ist gemeinsam mit dem bisherigen Management und den
> US-Investoren Abrams Capital und Highfields Capital neue Eigentümerin des
> Unternehmens."

I love the bit about the *management* buy-out with two employees and
some multi-billion-dollar US investment groups. Wonder how much those
two guys have contributed to the deal after breaking their piggy banks.

Reminds me of the joke about Bush, the six million Arabs and the
dentist.

Ralf

Signature

Ralf R. Radermacher  -  DL9KCG  -  Köln/Cologne, Germany
private homepage: http://www.fotoralf.de
manual cameras and photo galleries - updated April 29, 2004
Contarex - Kiev 60 - Horizon 202 - P6 mount lenses

jjs - 19 Aug 2004 19:09 GMT
> Reminds me of the joke about Bush, the six million Arabs and the
> dentist.

In the original, it was not a dentist, but a Busty Blond.

"Bush and Powell announce they'll solve the Middle East crisis by killing a
million Arabs and one busty blond. So someone asks: 'Why the blonde, and
Bush tells Powell: 'See, I told you nobody would ask about the Arabs."'
Ron Todd - 21 Aug 2004 01:23 GMT
>> " Diese Gesellschaft ist gemeinsam mit dem bisherigen Management und den
>> US-Investoren Abrams Capital und Highfields Capital neue Eigentümerin des
[quoted text clipped - 3 lines]
>some multi-billion-dollar US investment groups. Wonder how much those
>two guys have contributed to the deal after breaking their piggy banks.

Well......

The way it is suppose to work is that the "two guys" put together a
business plan where they convinced the VC firms that they can either
(1) make the thing a going, profitable, concern because of their
special expertise, or (2) they can liquidate the whole thing and get
back enough from the liquidation to make it worth while.
Donald Qualls - 20 Aug 2004 03:08 GMT
>>All,
>>
>>   There was a news article on the German news today how Agfa has sold off
>>it's film division.  I only caught a short portion of the rather quick
>
> story

<snip>

> I found a bit more on this on a German News Website.  www.n24.de  Seems it
> was a management buyout with cooperation from Abrams Capital and Highland
> Capital (both US captial investment firms).  The plan is to continue to
> produce photographic material and continue to play a roll in the photgraphic
> industry.  Whew!

Well, heck, that's *good* news!  That means we can expect Agfa films to
remain in the market for at least a few years to come, instead of
wondering when the axe will fall and they'll just close down the plant(s)...

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jjs - 20 Aug 2004 16:37 GMT
> Well, heck, that's *good* news!  That means we can expect Agfa films to
> remain in the market for at least a few years to come, instead of
> wondering when the axe will fall and they'll just close down the plant(s)...

I had a difficult time reading the article. When one reads these things he
must realize that the writer is working from a press release. He rarely has
firsthand knowledge or insight. My take was that Agfa is going to
concentrate more on their industrial photography - XRay film.
Ron Todd - 21 Aug 2004 01:25 GMT
>> Well, heck, that's *good* news!  That means we can expect Agfa films to
>> remain in the market for at least a few years to come, instead of
[quoted text clipped - 5 lines]
>firsthand knowledge or insight. My take was that Agfa is going to
>concentrate more on their industrial photography - XRay film.

I thought that X-Ray was going digital.  Something about higher
resolution, lower radiation, and better for the patient & environment.
jjs - 21 Aug 2004 02:53 GMT
> >I had a difficult time reading the article. When one reads these things he
> >must realize that the writer is working from a press release. He rarely has
[quoted text clipped - 3 lines]
> I thought that X-Ray was going digital.  Something about higher
> resolution, lower radiation, and better for the patient & environment.

Me too, Ron. The release made no sense at all.
John - 21 Aug 2004 08:33 GMT
>> I thought that X-Ray was going digital.  Something about higher
>> resolution, lower radiation, and better for the patient & environment.
>
>Me too, Ron. The release made no sense at all.

    Of course there are parts of the world that don't have
computers.

Regards,

  John S. Douglas, Photographer -  http://www.darkroompro.com
             Please remove the "_" when replying via email
Ron Todd - 21 Aug 2004 17:11 GMT
>>> I thought that X-Ray was going digital.  Something about higher
>>> resolution, lower radiation, and better for the patient & environment.
[quoted text clipped - 3 lines]
>    Of course there are parts of the world that don't have
>computers.

Yes, but do they have medical and dental offices?
John - 21 Aug 2004 08:23 GMT
>My take was that Agfa is going to
>concentrate more on their industrial photography - XRay film.

    Can't imagine why given the inroads made by digital in that
area. I was totally amazed when I went to a specialist for a little
back trouble and the X-rays were done digital and in about 3 minutes.

Regards,

  John S. Douglas, Photographer -  http://www.darkroompro.com
             Please remove the "_" when replying via email
Roman J. Rohleder - 24 Aug 2004 21:00 GMT
John <use_net@darkroompro.com> schrieb:

>>My take was that Agfa is going to
>>concentrate more on their industrial photography - XRay film.
>
>    Can't imagine why given the inroads made by digital in that
>area.

As others have pointed out - it´s the opposite, Agfa Photo will
concentrate on film, papers and services while Agfa-Gevaert will focus
on medical imaging.

They´ll have a good start - the photofinishers are waiting in vain for
their d-Lab machines. They are brand new, offering the highest output
from all available processors and probably the highest quality... what
I have seen on the net is impressive. And the development has just
been paid by Agfa Gevaert.

The only thing I don´t see is a future for 2600 employees - thats
seems to a bit too many. We´ll probably see some layoffs over there in
Leverkusen, Muenchen, Vaihingen etc. in a not so distant future.

> I was totally amazed when I went to a specialist for a little
>back trouble and the X-rays were done digital and in about 3 minutes.

My dentist uses a digital x-ray-system for 10 years now. "Less
radiation, higher contrast" he advertised it at that time.

But not every smaller clinic or single physician in the world can
afford a digital xray machine. Most even choke on financing a
classical "wet" setup.

Thats why companies like Calbe and Foma do exist - they live from the
chemicals sold abroad. It is a market the bigger ones like Agfa
already left for good, moving on to building the machines instead of
the consumption items like chemicals and papers.

Well, whatever - good luck to Agfa Photo and to the struggling
Ilford...

>Regards,
>
>   John S. Douglas, Photographer -  http://www.darkroompro.com
>              Please remove the "_" when replying via email

Gruss, Roman
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"A man should always keep two things in mind:
one is that he is a fool; the other is that he is going to die."
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Ralph Aichinger - 21 Aug 2004 10:55 GMT
> I had a difficult time reading the article. When one reads these things he
> must realize that the writer is working from a press release. He rarely has
> firsthand knowledge or insight. My take was that Agfa is going to
> concentrate more on their industrial photography - XRay film.

I read the press release the other way round (though I am not sure
I understand it right):

Agfa will split up in two completely seperate companies, the first
one taking the "customer" products (minilabs, films, the stuff relevant
for this NG here), the other one taking X-Ray and industrial stuff,
with migrating that part of the business to digital.

/ralph -- are there special courses for obfuscating press releases?
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The truth can't hurt you it's just like the dark
It scares you witless
But in time you see things clear and stark
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Richard Knoppow - 22 Aug 2004 00:13 GMT
> All,
>
[quoted text clipped - 9 lines]
>
> Jim

  There is a press release on the Agfa web site at
http://www.agfa.com

  It is likely that the new company will slowly move into
digital imaging. They will continue photographic products
that make enough money to justify continuing them but it is
a shrinking market so I expect these products to disappear
from the market after a few years.
  IMO, there will continue to be a significant market for
some non-digital products for a very long time but it will
not be enough to keep the very large companies who have
traditionally provided these materials to continue being in
that business. One side effect will be the discontinuance of
much research into "conventional" photographic products.
Most of improvements in these products have come from the
research labs of Kodak and Agfa at a time when the cost of
this research could be justified by the development of new
products or significantly improved ones. While new or
improved products are probably still possible they would not
likely result in enough increase in market size to justify
the investment.
  I happen work with both conventional and digital imaging
but enjoy "chemical" photography in a way that I do not
enjoy digital. I am very sorry to see this stuff go. Its
possible that a small, but stable market could result in
smaller companies continuing to supply these materials. I
sure hope so, but I am not very confident that the "new"
Agfa Photo will be one of them.

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---
Richard Knoppow
Los Angeles, CA, USA
dickburk@ix.netcom.com

 
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