PMP and IPMG breathe easy following Manroland buyout

IPMG told ProPrint that delivery of its Manroland Lithoman was still on track, while PMP said it expected a delay in receiving its press.

IPMG chief executive Stephen Anstice reacted favourably to the news that the Possehl Group has acquired the German manufacturer’s Augsburg plant.

He said IPMG was still expecting the 96pp twin-web Lithoman to be delivered to its new Warwick Farm super-site in June.

“The confirmed delivery of the new press means the relocation plan for Hannanprint is still expected to be completed by early 2013 despite the insolvency of Manroland,” he added.

However, the insolvency did cause a few hitches for PMP, which had only announced the investment in a 96pp Lithoman a month before Manroland filed for insolvency.

PMP chief executive Richard Allely said PMP was unlikely to have its Lithoman fully operational by September as originally planned.

Negotiations are still underway over delivery date, but Allely said it was “not a significant issue”, as it would simply mean running existing equipment for a bit longer.

He added that PMP had sent representatives to Germany to finalise arrangements and would soon be sending another delegation.

Allely threw his support behind the supplier. “I’m not surprised there’s been a lot of interest from people wanting to buy the heatset press operations because they have excellent technology and they have an impressive user base right around the world.”

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