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Ciba Decides To Close The MetalFx Business

Press release from the issuing company

(November 06, 2008) It is with sorrow that we have to announce the closure of the MetalFX business, a decision made by the Ciba Coating Effects Segment Leadership Team.

The main reason is the business does not fit with Ciba Coating Effects core business, not the potential for the product in the design, printing, packaging & publishing Markets.

The Ciba MFX business will officially close on the 19th December 2008.

All management, sales, technical, marketing, finance & administrative staff in the Ciba MFX business will be contactable during this period on their normal numbers & email address's. This is in order to allow Ciba to close down the business in a sensitive and professional manor.

Ciba MFX are working with an external technical support consultancy to establish telephone support for the product for twelve months after the business closes. Ciba MFX will send this information out prior to closure.

All on going contracts will come to a close on the 19th December.

During this period Ciba MFX will settle all outstanding invoices owed by the business and both during & after this period will collect all moneys owed to the business. We would ask suppliers to the Ciba MFX business to present all invoices to our accounts department before the 12th December 2008 to avoid delays in settlement.

Ciba and the Ciba MFX team wish to extend a thanks to our customers, resellers, partners & suppliers who have taken and are taking the Ciba MFX brand and product off the drawing board and into the design, printing, packaging & publishing markets as a recognised brand.

For any enquiries please do not hesitate to call: +44 (0)1943 884888 or email: [email protected]