Manroland’s collapse highlights the threat to manufacturers as banks curtail financing of machinery that sells mainly to small and mid-sized customers. Manroland, whose machines typically cost more than $1 million, became the country’s largest corporate failure in two years, denting Germany’s resilience to the European debt crisis.
“Normally the next investment would be this year, but due to the crisis I am afraid to do it,” said Claude Vandevelde, who owns a business printing brochure, poster and packaging business in Kruishoutem,Belgium. “Going to the bank and asking for so much money is not so easy anymore.”
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