Court Says Manroland Files For Insolvency

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

  1. rossio

    rossio Senior Member

    Joined:
    Jul 2009
    Messages:
    159
    Location:
    Baltic Sea,Germany
  2. xfactor printing

    xfactor printing Senior Member

    Joined:
    Jan 2011
    Messages:
    627
    Location:
    united states
    Sad. I know someone predicted this on the forum a while back. Still sad.
     
  3. spike

    spike Senior Member

    Joined:
    Apr 2011
    Messages:
    139
    Location:
    new york
    alot of good folks working for roland good luck to them
     
  4. controlgraphics

    controlgraphics Senior Member

    Joined:
    Apr 2011
    Messages:
    159
    Location:
    Chicago,USA
    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
     
  5. controlgraphics

    controlgraphics Senior Member

    Joined:
    Apr 2011
    Messages:
    159
    Location:
    Chicago,USA
    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

  6. rossio

    rossio Senior Member

    Joined:
    Jul 2009
    Messages:
    159
    Location:
    Baltic Sea,Germany
    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.