In a feeble attempt to expand my use of the
English language, I couldn’t help but think that the word “venerable” would be
a suitable adjective to put in front of the word “company” when referring to
Mueller Martini, one of the world’s largest and most respected manufacturers of
printing and print-finishing equipment.
Evidently, Muller Martini is about to
commence a long-term reform of the company’s business and operations
Published on Muller Martin’s web-site on June
27, 2013
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“Müller Martini faced with
long-term reform of the company”
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The Müller
Martini Group is suffering from the difficult economic conditions and
continuing structural change in the graphics industry. Although Müller
Martini has successfully preserved its position as a market leader, revenues
have fallen massively over the last four years. Müller Martini is
therefore looking at a fundamental restructuring over the months ahead.
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The aim of the reform of the company is to preserve its future role as a
leader in the shrunken global graphics industry through innovative printing
and print finishing products together with a high-quality customer service,
and to put the company on a sustainable and future-oriented foundation. In
addition, Müller Martini must adapt the size of the company to a scaled-back
market to enable it to continue investing in future-oriented product
developments.
Commitment to the industry in the contracted market
The reason behind the on-going difficult situation is
the fundamental transformation of the graphics industry. The resultant
consolidation among printing companies has significantly reduced the customer
base. Many existing and potential customers are holding back on investment -
or are being prevented from investing in new equipment due to the lack of
credit. There is significant pressure on prices and margins; in addition the
strong Swiss franc exchange rate is having a detrimental impact on profit
margins.
“In order to survive in strong shape, we cannot avoid the need to
operate on a smaller scale,” says CEO Bruno Müller, adding, "However, by
concentrating our forces, we will do our utmost to continue to intensify the
comprehensive advice we provide to our customers on new investments and in
particular in the service area. Our sales and service network regionalization
program, which was initiated last year, gives us a good starting point in
this context.”
Search for a solution started
Over the
coming weeks the search for solutions will be focusing on all manufacturing
locations and areas of the group at home and abroad. This will include an
in-depth look at consolidating the two main sites in Zofingen and Felben
which are not operating at sufficient capacity. In total up to 550 jobs
worldwide could be affected by the restructuring. A decision is
expected in the next few months.
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