Italian label and packaging press manufacturer Gidue has filed for voluntary winding-up. Although 2008 was a record sales year (€34 mn), the global recession has “hit the company far beyond any possible expectation, causing an unexpected strong downturn in sales, which are no longer sufficient to cover the fixed costs”.
Nuova Castagnoli, a former supplier of offset print units, vision systems and hot stamping technologies to Gidue, has agreed to take care of service of existing presses and new sales. It will offer original service and spare parts at cost prices, and prepare new dedicated service contracts to make service and satisfaction to Gidue customers one of its core activities.
“An installed base of more than 320 presses worldwide, with high customer satisfaction and confirmed innovation through the entire product range made the choice evident,” says Federico d’Annunzio, managing director of Nuova Castagnoli. “There is a clear responsibility to existing customers to be taken care of, but also technology and flexibility will make the difference with an agile, sustainable and high technology oriented structure.”
Gidue’s worldwide sales and service network has agreed to continue activities under the new configuration.
Negotiations are also on-going with the local trade unions to ensure that part of the workforce can be hired by Nuova Castagnoli, and the existing plant in Turate (north of Milan) can be maintained. Nuova Castagnoli is planning to expand its existing manufacturing sites in Florence.
Nuova Castagnoli will change its name to Gidue – Nuova Castagnoli during the first quarter of 2009.
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