GIDUE Stop Activities, GIDUE Nuova Castagnoli Continues

TURATE, ITALY – GIDUE S.p.A., a press manufacturer active in the label and packaging market since 1999, has filed for voluntary “winding-up.” The company reported record sales of 34 million euros for fiscal year 2008, which ended on the July 31, 2008. The sales forecast prepared by the world wide sales network projected 10%-20% growth in 2009, which confirmed the usual growth trend of GIDUE during the years. The company reports that the global recession has hit the company beyond expectations, causing an unexpected strong downturn in sales, which are no longer sufficient to cover the company fixed costs, it reports.

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. service of existing presses and pursue 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,” 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.”

Nuova Castagnoli will care for 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 worldwide sales and the Service Points network of GIDUE has agreed to continue activities under the new configuration. 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. For more information, visit: www.gidue.com.


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