Big, Bigger, Biggest

Deamer—Frankly, while our press business in the U.S. and globally has never been stronger and is setting records for our company, prices have never been more under pressure. It’s the “Walmartisation” of our industry. We have radically changed the way our business is run at our major plant in Germany and have reduced costs and increased efficiency significantly. We have also, after a global investigation, opened an additional good-sized plant in the Czech Republic so we can take advantage of the lower costs offered there, while at the same time taking advantage of their tradition for engineering and quality along with skilled labor, all of which is only a few hours drive from our plant in Germany.