Court Says Manroland Files For Insolvency

Discussion in 'Man Roland Printing Presses' started by rossio, Nov 25, 2011.

  1. rossio

    rossio Senior Member

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    rossio, Nov 25, 2011
    #1
  2. xfactor printing

    xfactor printing Senior Member

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    Sad. I know someone predicted this on the forum a while back. Still sad.
     
    xfactor printing, Nov 26, 2011
    #2
  3. spike

    spike Senior Member

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    alot of good folks working for roland good luck to them
     
    spike, Nov 26, 2011
    #3
  4. controlgraphics

    controlgraphics Senior Member

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    Bankruptcy is not the end of the road. It could signal a metamorphosis and force the company to adapt to a context that reflects the reality of the industry.
    www.controlgraphicsusa.com
     
    controlgraphics, Nov 28, 2011
    #4
  5. controlgraphics

    controlgraphics Senior Member

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    Technically, insolvency is slightly different from bankrupcy. Manroland has filed for insolvency so far. Although it is business as usual, it is putting a strain on their ability to process part orders in a timely manner. Control Graphics USA has seen a slight increase in calls for parts from new customers. Hard to tell at this point if it is only temporary.
    www.controlgraphicsusa.com
     
    Last edited: Dec 14, 2011
    controlgraphics, Dec 14, 2011
    #5

  7. rossio

    rossio Senior Member

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    You´re right, in Germany insolvency seems to be equal to ch.11 in US. manroland got a "Massekredit" of 55Mio €, money to force the business.
    KBA is in contact with the judge, like others too. But worldwides overcapacity is the main problem. It´s a big question too, if manroland got the power to attend at Drupa May 2012.
     
    rossio, Dec 15, 2011
    #6