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Kodak Paper and Chemistry Business Sold to Chinese Company: Report

The Kodak paper and photochemical business is reportedly being sold to a Chinese company.

Inside Imaging reports that an announcement of the proposed sale to Sino Promise Holdings was made internally on July 7th by Kodak Alaris, the British company that shares ownership of the Kodak brand name with the US-based Eastman Kodak Company.

After Kodak’s bankruptcy in 2012, a $2.8 billion claim by the UK Kodak Pension Plan (KPP) was resolved by the formation of Kodak Alaris, which acquired Kodak’s personalized imaging and document imaging businesses.

Established in Hong Kong in 1993, Sino Promise now bills itself as “the largest distributor of Kodak Alaris in the world.” The company has manufactured Kodak brand paper and chemistry in its factories in China over the past several years.

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