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Thread: German printing press maker Manroland AG has filed for bankruptcy at a district court

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    pso
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    German printing press maker Manroland AG has filed for bankruptcy at a district court

    BERLIN — German printing machine maker Manroland AG has applied for bankruptcy protection from creditors after negotiations with a potential investor failed.

    The company said it filed the application to initiate insolvency proceedings with the district court in Augsburg on Friday. It said that it “aims to rescue key units within the framework of ongoing restructuring efforts.”

    Manroland said the decision followed a dramatic and accelerating decline in new orders, even as competition intensifies.

    Manroland, Germany’s third-biggest printing machine maker, has some 6,500 employees — 5,000 of them in Germany. It reported an operating loss of €25 million ($33.9 million) in the first half of this year.

    Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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    Junior Member vyktors is on a distinguished road
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    Quote Originally Posted by pso View Post
    BERLIN — German printing machine maker Manroland AG has applied for bankruptcy protection from creditors after negotiations with a potential investor failed.

    The company said it filed the application to initiate insolvency proceedings with the district court in Augsburg on Friday. It said that it “aims to rescue key units within the framework of ongoing restructuring efforts.”

    Manroland said the decision followed a dramatic and accelerating decline in new orders, even as competition intensifies.

    Manroland, Germany’s third-biggest printing machine maker, has some 6,500 employees — 5,000 of them in Germany. It reported an operating loss of €25 million ($33.9 million) in the first half of this year.

    Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

    The market shrinked and Manroland didn't react. This will be long process. Look to the Goss story and where are they now.

    V.

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    PRC Member peto31 is on a distinguished road
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    I ask recently service for some parts for Roland machine no answer at all.

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    Donor dabe11 is on a distinguished road
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    Hi,

    manroland users in our country regularly and do have problems with maintenance and service, similar to the other Baltic countries, so we have a lot of lost ground earlier

    Quote Originally Posted by vyktors View Post
    The market shrinked and Manroland didn't react. This will be long process. Look to the Goss story and where are they now.

    V.

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    Junior Member paro5340 is on a distinguished road
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    I hope that Heidelberg isn't going down... All my printing presses are Heidelberg...

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