MAN Roland to offer "Effective financing" program
Dec 26, 2002 12:00 PM, AP Staff
MAN Roland, Inc. (Westmont, IL) has announced "Effective financing for printers," an educational program that will help printers secure stable and cost-effective financing for their capital equipment needs.
The program will provide an overview of financing basics from a graphic-arts perspective, so printers can make more educated decisions on obtaining capital for new equipment. The program will warn against financing proposals that offer artificially low initial payments, but major medium- to long-term risks.
"What printers don1t know about financing can hurt them," said Yves Rogivue, CEO of MAN Roland, Inc. "We're seeing an increasing number of facilities that can't make their payments and are losing their presses, and in some cases closing their businesses, because they do not properly manage their 'savings' during the period of artificially low payments to meet their financial commitments as the payments increase."
Eric Belcher, CFO of MAN Roland, Inc., will head the program. Earlier this year, he began speaking out and publishing articles on the dangers of creative financing in the graphic arts. "The response to that effort was so overwhelming that MAN Roland has decided to expand on the issue with a planned program," Belcher said.
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