Product category:
Printing Presses Ancillary Equipment
News Release from: Technotrans Graphics
Edited by the Printingtalk Editorial
Team on 06 June 2003
Technotrans rationalises production
capacities
Technotrans opts for change-over of production from England to Germany
After an extensive assessment of manufacturing capacities, Technotrans - leading systems supplier of equipment for the manufacture of print and optical storage media - has decided to centralise all its European cooling system manufacturing at its German operation in Sassenberg This necessitates the closure of the manufacturing facility at Technotrans Graphics Ltd in the UK, although the company will continue to operate as a significant sales and service operation within the world-wide Group recognising the importance of the UK printing industry
This article was originally published on Printingtalk on 13 Feb 2004 at 8.00am (UK)
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"The global downturn in the printing industry, costs of manufacture in pounds and the Euro debate all contributed to the final decision," commented John Stacey, Board member technotrans AG and Managing Director technotrans graphics.
"The cost synergies of adding the manufacturing segment of tgl to Sassenberg were also significant towards assisting us to achieve improvements in the group's profitability in these difficult times," Heinz Harling, CEO technotrans AG added.
The company expects a positive impact on the 2003 year-end result despite the restructuring charges in the first quarter.
"Every effort is being made to keep the transition period as short as possible and to ensure minimum effect on delivery times," Stacey points out.
"Our main focus was and remains maximum customer support and we will keep up our tradition of customer focus and partnership in the future.".
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