1 September 2022
Polar Forced Into Creditor Protection
HOFHEIM, GERMANY—
Polar cutting system ,  worlds largest manufacture of paper cutters
Polar cutting system , worlds largest manufacture of paper cutters
 A slump in sales has threatened solvency and has have forced guillotine manufacturer Polar to seek court protection in order to restructure. Supply chain delays  especially critical components have significantly reduced sales. The privately owned  German manufacturer said that delivery delays and bottlenecks for components such as controls had hit production, resulting in delays to orders and the firm being unable to ship machines.
Last year celebrated 115 years and record sales.
Last year celebrated 115 years and record sales.
Most of Polar sales are exported, and the Company has a distribution agreement with Heidelberg. All 380 employees remain  and the business will continue to operate.  Polar is largest world manufacture of cutters to the printing industry. Polar also sells under the Mohr brand. 
 
Comments:
1. Caitlin Farthing says:
5 February 2023 at 3:08 PM
Hello printcan.com webmaster, Great post!
LATEST USED EQUIPMENT | RSS
Total Used Equipment Listings: 20
CLICK HERE to list your equipment
CLASSIFIED | RSS
Company wanted
CLICK HERE to list your business opportunity in the printing industry
Most Recent News Comment
Allen Gerow says:
Wish I could go this year. Some of my best experiences ever. Learned so much at these conferences an...
North Island Publishing PrintCAN Print Jobs Canada’s Estimators' & Buyers' Guide MastheadOnline PaperFinder Print World 2010 Design City
Graphic Monthly Print Equipment gutenbergs' guide COPA industrial print