manroland declared insolvent

The myriad troubles battering the printing industry claimed their biggest scalp on Friday as manroland - the world’s second biggest press manufacturer - was declared insolvent. The German press manufacturing giant sent a shiver through the spine of the industry by filing a petition to initiate insolvency proceedings, after negotiations with a new potential investor, whihc were on the 'home straight' failed. The company has also filed a request for self-administration in order to finalise the on-going