Lüscher AG Maschinenbau of Gretzenbach, Switzerland, has filed for bankruptcy stating it is impossible to continue trading in its current situation of over-indebtedness combined with a significant fall in incoming orders over the past nine months.
A statement from the company’s management reads: “Despite extensive efforts, supported by the bank, development partners and investors, in new and more attractive applications in industrial print markets, it has not been possible to stabilize the company’s financial position in the prevailing restricted market context.”
Lüscher primarily focused on developing computer-to-plate systems and related technologies for flexographic sector in Europe. While its products were sold in more than 60 countries, primarily through a network of dealers, Lüscher has subsidiaries in Germany, France, Italy, Spain and Hong Kong, as well as a sales office in the United Kingdom.
At the time of the bankruptcy filing, Lüscher reported to have more than 1,600 CTP installations worldwide. The company’s best-known CTP systems were sold under the XPose! brand name, including XPose! UV and XPose! Thermal, which are internal drum imaging systems for packaging printers to image thermal and conventional offset plates, as well as XPose! Flex.
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