Schreiber & Keilwerth to launch new instruments at Musikmesse 2010
|Wind instruments manufacturer Schreiber & Keilwerth Musikinstrumente GmbH from Nauheim, Hessen went into administration and is trying a relaunch. Company Director Dr. Armin Eckert registered the company as insolvent on March 12th, 2010 at the Regional Court in Darmstadt. For the time being, the experienced administrator Tobias Hoefer from the Mannheim Chamber Hack Hoefer has taken over. Eckert and Hoefer made a statement; "Production and service delivery will continue. After initial analysis we see good prospects for stable continuity and have already started to look for new investors.”
The Company Directors quoted the impact of the financial crisis to be responsible for the situation, specifically narrow opportunities to bring credit funds to support the company through this period. Dr. Armin Eckert explained: “The credit supply to our company was via a bank who through the financial crisis can be described as a ‘bad bank’, this caused us many problems over the past few months. The characteristics of a bad bank include that the bank seeks to minimize its own risks. As a consequence over recent months the bank sought to reduce our cash supply and as a result no sensible working environment could exist within our company. The seasonal weak months of January and February coupled with limited cash supply led the Directors of the company to place Schreiber and Keilwerth into administration.”
The Court appointed Administrator Thomas Hoefer who is initially stabilizing the business. Following an initial analysis, Hoefer was cinfident that a long term future for the traditional instrument maker can be secured and that as many as possible of the 300 staff in Nauheim and Markneukirchen can be kept. "The order book is full so that we can produce and sell Schreiber & Keilwerth instruments over the coming months. As far as customers are concerned, there will be few in the way of changes. Every order can be entered and counts towards saving the company,” stated Hoefer.
Company Director Dr. Armin Eckert is also convinced: “We have a modern production plant, strong brand and motivated teams that believe in the company. At high level, the German Insolvency Law supports complete restructuring to prevent any crisis and enables a new start.”
At the Musikmesse Frankfurt 2010, Hall 1, the company will showcase many new products. “We’re excited once again this year to have the chance to present new and interesting products”, commented Sales and Marketing Director Markus Sailer. “The highlight for us is the new soprano saxophone that we’ve developed in conjunction with the saxophone legend David Liebmann. We’re also launching a new professional saxophone called ‘Edition ToneKing’ at a very competitive price point. Together with these saxophones we’ll be presenting the new ´S.K.Y. concert by W. Schreiber´ bassoon plus the ‘Virtuoso’ German clarinet from W. Schreiber and the new York Prescience trombone.”
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