Skip to main content

Kodak Smaller and Redirected Leaves Bankruptcy

Submitted by webadmin on

Kodak’s trip through bankruptcy is now a memory; it finished its restructuring and exited chapter 11 yesterday, The Associated Press reported yesterday. Kodak is now a commercial imaging company serving business markets such as packaging and graphics. Its chairman and chief executive, Antonio M. Pérez, said that the company is on track for profitable growth. Kodak emerged from bankruptcy protection vastly different from the company of old, which was founded by George Eastman in 1880. Gone are the cameras and film that made it famous. It hopes to replace them with new technologies like touch screens for smartphones and smart packaging embedded with sensors. Kodak filed for bankruptcy protection last year, brought down by increasing competition, digital photography and debt.