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manroland restructures to continue as standalone company

Sep 22, 2010 12:00 AM

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The manroland AG ( executive board and investors have agreed on a corporate restructuring to ensure the company’s independence.

“These newly implemented measures allow us to actively respond to changing conditions and position ourselves for future growth. We are convinced that manroland must seize these opportunities as a company on a stand-alone basis,” explains Gerd Finkbeiner, CEO, manroland. As a long-term oriented investor, Allianz Capital Partners supports the necessary restructuring.

The strategy includes the following points:

1. An unchanged basic structure: manroland will continue to build systems for sheetfed printing and web offset printing at three sites. Each of the three sites will be assigned a specific core competence: Augsburg (web offset presses) and Offenbach (sheetfed presses) will concentrate exclusively on manufacturing complex parts and assembly; and the Plauen site will become the business sector for industrial production, manufacturing products for manroland and other customers.

2. Integration of the business activities for the sheetfed and web offset sector: the business units for small newspaper presses (until now at the Plauen site) and large newspaper presses will be consolidated at the Augsburg site; electronic activities will be centralized; the foundry in Offenbach will provide both business sectors with cast parts; and the central functions for the group will be concentrated in Augsburg.

3. Establishment of a new technical and industrial services business sector consisting of about 300 employees will focus on industrial consultation and subcontracting technical experts.

The planned measures will likely lead to reductions in staffing levels by 500, mainly in administration. As a result, the number of employees will drop to about 6,000 by the end of 2012. All of these measures are planned for completion by mid 2012. The associated savings are estimated at 50 million euros annually, and will be fully realized from 2013 onwards.

manroland is pursuing a low-cost strategy to support growth in emerging markets. In the digital printing sector, manroland is looking for suitable collaboration with an established provider.