‘Business as usual’ for Manroland Australasia despite insolvency

Steve Dunwell, managing director of Manroland Australasia, said: "We are a strong entity here. We are cashflow positive, so it is business as usual.

"We are here supporting our customers with service and parts, and we in turn need our customers to support us by paying their bills," he added.

Dunwell said he had spoken to customers over the weekend to reassure them after news of the insolvency broke in the early hours of Saturday morning.

"I have had some great responses from our customers in terms of support so I feel confident. Their support will be vital in the next couple of months."

Manroland Australasia has revealed three major web press sales this year: an 80pp Lithoman for Franklin Printing in Melbourne, a 96pp twin-web Lithoman for IPMG's new Hannanprint supersite in Warwick Farm and another 96pp for PMP's Perth operation.

While the sales are believed to worth in excess of $40m, only the Franklin machine has been installed. The IPMG and PMP presses are both on order.

Dunwell said the insolvency should not impact on the commissions. "One of the aims of the administrator will be to fulfil existing orders. We expect that to happen."

He said he would be receiving daily updates out of German as the insolvency progressed, adding: "I have to be positive and believe Manroland will be purchased."

Click here to read the full story out of Germany.

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