Business News
Krones sued by American financial services provider
Wednesday 13. May 2009 - We have today learned that the US company of the Krones Group, Messrs. Krones Inc. in Franklin/WI (USA), and Krones AG, Neutraubling , Germany, including their executive bodies, are to be sued by the American leasing company CIT Group/Equipment Financing Inc., which is demanding compensation for loss or damage allegedly incurred.
The Executive Board of Krones AG regards this lawsuit, already registered with a US court, as groundless, and sees no evidence for any responsibility on the part of Krones companies. Krones will fight this unjustified lawsuit with all the means at its disposal.
The suit must be seen in the context of the major financial scandal concerning the American company Le-Natures. During the period 2005/2006, Krones had produced, delivered and successfully commissioned bottling lines worth a total of approximately US$ 100 million for Le-Natures facility in Phoenix/AZ (USA).