While admitting the film machinery industry is facing hard times, Luigi Macchi has publicly denied rumors that Macchi SpA would be sold, calling it sales gossip by competitors.
The Italian maker of cast and blown film lines issued a statement Feb. 5, titled Luigi Macchi denies takeover rumors.
Luigi Macchi reacted with strong words to what he said were recurring rumors and unproven words of slander.
When these statements are repeated and become a sort of sales gossip by some reduced few, I feel the urge of raising my voice as well, said Macchi, founder and chairman of the machinery company in Venegono Inferiore.
Tragedy struck in 2008, when Luigi's son, Alessandro Macchi, who was the firm's managing director, was shot dead in his house in Italy. His longtime companion, Johanna Malgorzata Lohninger, was charged with murder.
Despite that personal adversity, and the weak global economy, Luigi Macchi said the company has weathered the storm. He said sales have declined, but less than competitors that were forced to lay off workers, stop production and seek government support to remain afloat. Macchi has not had any layoffs or reduction of employee hours, he said.
The present Macchi logbook of confirmed manufacturing orders is also good, he said. The ownership and management of the company is charging ahead, despite the challenging times.
Copyright 2010 Crain Communications Inc. All Rights Reserved.