Offset Printing
GIDUE stop activities, GIDUE Nuova Castagnoli continues
Friday 09. January 2009 - GIDUE S.p.A., a press manufacturer active in the label and packaging market since 1999, has filed on December the 22nd 2008 for voluntary winding-up. The fiscal year 2008 which ended on the 31st of July 2008 had been for GIDUE the absolute top-record year in sales (34 million Euros).
The sales forecast prepared by the world wide sales network aimed at a further 10%-20% growth in 2009, which confirmed the usual growth trend of GIDUE during the years. Unfortunately 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 company fixed costs.
Nuova Castagnoli S.r.l., a former supplier of GIDUE for Offset print units, vision systems and Hot Stamping technologies has agreed with GIDUE S.p.A. to take care of service of existing presses and of new sales.
“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: Nuova Castagnoli must continue the activities of GIDUE, despite the gloomy times ahead in the world economy,” quotes Federico dAnnunzio, 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.”
Nuova Castagnoli will take special and full care of all the existing GIDUE customers, offering original service and spare parts at cost prices, and preparing new dedicated service contracts to make service and satisfaction to GIDUE customers one of its core activities.
The world-wide sales and the Service Points network of GIDUE has promptly agreed to continue activities under the new configuration, sharing the history of reliability, trust and innovation and the vision of high potential for existing technologies developed during year 2008.
New technologies in Offset, Flexo and Multi-Process are under development to further enhance the technological advantage in the latest product lines for the Label Industry.
Negotiations are also on-going with the local trade unions to make possible that part of the work force of GIDUE could be hired by Nuova Castagnoli, and the existing plant in Turate (north of Milan) could be kept in place. Nuova Castagnoli is planning to expand its existing manufacturing sites in Florence.
Nuova Castagnoli S.r.l. is planning to change its trade name to GIDUE – Nuova Castagnoli S.r.l. within the first quarter 2009.