Printing: Sentinel Well Positioned to Resume MSM

10 years, 2 months ago - January 28, 2014

Half-dozen bidders have made offers to resume the Mauritius Stationery Manufacturers, printing in administration, the press group La Sentinelle Ltd would be in a good position, according to our sources. This news will be confirmed (or not) this afternoon by the administrator Gerald Lincoln of accountants Ernst & Young.

Printing Mauritius Stationery Manufacturers (MSM) was placed in receivership since late November after a decision of its Board of Directors. "We decided to place the company under administration saw the situation difficult financial. Despite all the efforts made ??by the teamleader of MSM and all employees, the Board of Directors came to the conclusion that it was thebest solution " , then stated Laurent de la Hogue, president of the Board of MSM . , MSM "Todayhas lost its competitiveness and fails to find the sales volume required to cover the cost of its operations and its financial commitments. Hopefully the administrator quickly find a solution for MSM and its employees. "

In the event that the choice is La Sentinelle Ltd (LSL), "it is clear that we will give priority of employment to the team that turns the printing now, and that, according to the terms of our submission, said Denis Ithier, CEO of LSL . course, we can not and we do not want to repeat the mistakes that have led to the MSM default. And for that, it will be more efficient and do notburden the company in- beyond what is reasonable. "Preferring display caution in relation to the announcement of the resumption of MSM, he believes it is understandable that LSL brings good chance given the success enjoyed Character Ltd. commercial printing group. "The offer of LSL is based on the successful model of Character Ltd.. Our subsidiary has itself experienced difficult years at the start and did well out later through measures and courageous decisions of the management of LSL. "

Incorporated in 1998 and today with the latest technology, Character Ltd. has a large clientele of local and regional markets. It performs various types of work such as brochures, magazines, books and annual reports. With the addition of new activities such as "light packaging", labeling, security printing (printing of check books, among others), the LSL group, which publishes the express, lexpress.mu, 5-Plus , Business Magazine and essential , among other publications, strengthen its leading role in the printing, publishing and communication in Mauritius and Inthe region.

Text by lexpress.mu

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