The firm went into the Czech equivalent of Chapter 11 bankruptcy protection on 8 March, due to a long lasting unfavour-able financial situation.
A statement was issued at the end of last month on behalf of the Adast man-agement by the companys commercial director, Marek Brzda, said: Please be assured that despite of the new condi-tions and changes in Adamovsk Stro-jirny both the management and the trustee is committed to carry on all the warranties on their products sold to cur-rent customers as well as production and promotion of Adasts product lines.
The production of printing presses is going on. We have not interrupted tech-nical support and sales of spare parts. The objective of the reorganisation pro-ceedings is a general economic recovery and restructuring of the company, so that we could provide our customers with products and services on an even higher level.
Adast is exhibiting in hall 12 stand 370, along with UK distributor PPS Rotaprint.
Machines on show include a five-colour 52cm 557 DI the press that was origi-nally set to be sold by Xerox as the DocuColor 400 DI and a four-colour Dominant 745.
Story by Jo Francis
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"Gosh! That’s a huge debt - especially HMRC! It’s a shock that HMRC allowed such an amount to be accumulated."
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