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Goss will pursue restructuring of Preston facility

Tuesday, February 14, 2006

Press release from the issuing company

February 13th, 2006 – Goss International is proposing a restructuring of its operations in Preston, England. The program would retain the Preston site as a key facility for research and development, project management, sales and support services for Goss products, including the Goss Flexible Printing System (FPS) and Colorliner presses, while relocating some activities to other Goss facilities. “This is a proactive step to improve our cost model and continue the positive momentum and growth we have generated over the past three years,” according to Bob Brown, Goss International CEO. “Because of our global capacity, we have an opportunity to streamline our resources in the UK and align them with market demands while continuing to enhance the quality, product range, support and value we deliver to customers.” Goss is consulting with the Amicus trade union in the United Kingdom to develop a mutually acceptable plan for the restructuring, including a potential reduction of employment positions in Preston. The eventual number of positions affected by the proposed restructuring has not yet been finalized. Engineering activities related to the new Goss Flexible Printing System (FPS) will remain centered in Preston, according to Brown. Goss launched the revolutionary press in 2004. The Goss team in Preston will also manage continuous design enhancements, tower additions and support for other products currently manufactured there, including Goss Colorliner and HT70 presses. Goss International has nine major manufacturing facilities worldwide and 4,000 employees, including 350 in Preston. The company generated more than $1.1 billion in sales in 2005. In addition to the Preston site, Goss has manufacturing facilities for commercial and newspaper presses and finishing systems in Montataire and Nantes in France; Dover and Durham, New Hampshire in the United States; Sayama in Japan and Shanghai in China. Goss also manufactures splicers, pasters and dryers in Boxmeer in The Netherlands and has a machining facility in Kennedale, Texas in the United States. 'Goss', the Goss logo, 'Goss International', 'Goss Flexible Printing System', 'FPS', 'Colorliner' and 'HT70' are trademarks or registered trademarks of Goss International Corporation.




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