Agfa Graphics plans to close down its printing plate factory in Banwol, South Korea

Mortsel / Belgium, June 3, 2015 - 7:45 a.m. CET

Agfa Graphics announced today that it plans to close down its offset printing plate factory in Banwol, South Korea. The plant produces mainly analog offset plates for the local market. For several years now, these product lines have been facing a structural decline in demand.

"This decision is part of our strategy to improve the operational efficiency of our global factory network, our profit margins and our position in the highly competitive prepress market," says Stefaan Vanhooren, President of
Agfa Graphics.

After having considered all options, Agfa Graphics has now informed the Banwol employees as well as the trade unions that it intends to close down the factory, impacting 36 employee positions. A redundancy plan will be developed for the employees who currently work in Banwol.

About Agfa

The Agfa-Gevaert Group is one of the world's leading companies in imaging and information technology. Agfa develops, manufactures and markets analogue and digital systems for the printing industry (Agfa Graphics), for the healthcare sector (Agfa Healthcare), and for specific industrial applications (Agfa Materials). Agfa is headquartered in Mortsel, Belgium. The company is present in 40 countries and has agents in another 100 countries around the globe. The Agfa-Gevaert Group achieved a turnover of 2,620 million Euro in 2014.

Please visit us at www.agfa.com.

Agfa-Gevaert Press contacts:

Viviane Dictus

Director Corporate Communication
T +32 3 444 7124
E viviane.dictus@agfa.com

Johan Jacobs

Corporate Press Relations Manager
T +32 3 444 8015
E johan.jacobs@agfa.com