The
iconic company will be a commercial printing and packaging solutions business,
and will be shorn of the film business that defined its first 133 years of
existence.

Kodak
says its figures will change dramatically from a $283m loss before interest,
tax, depreciation and amortisation in 2011 to Ebitda of $494m in 2017.

Kodak
is able to move forward because it has struck a deal with a UK Pension fund
which will see its camera film and document imaging business transfer in return
for almost $3bn of claims being dropped. Kodak Pension Plan is the group’s
biggest creditor,  and will pay
some $650m for the assets.

Acccording
to Kodak the company that emerges from bankruptcy will focus on commercial,
packaging and functional printing (printed elecrtronics) markets.

Kodak
says it will be market leader in packaging with its Flexcel Solutions brand

It
added that it aimed to achieve worldwide market leadership in packaging by
2016, with the Flexcel Solutions brand.

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