"The new chapter ahead will be full of pitfalls" . Benoît Demol announces that his company, Codimag, designer and manufacturer of printing presses for labels and packaging, has filed for receivership. But it is perfectly possible to continue to promote this French manufacturer, which is an exception in the market," assures the chairman.
After "a very difficult last few months" benoît Demol decided to ask "the protection of the commercial court . The manager, son of the co-founder, took over the reins of the company, which designs and manufactures its machines in Bondoufle, Essonne, ten years ago. Ten years punctuated by "sometimes unexpected external events" such as Covid or supply disruptions, and of "organizational, market, competitive and technological challenges to which we had to respond", he confides in a LinkedIn post.
"Adapting, coping, reacting, and quite often plugging gaps. I've learned by trying never to deviate from my ambition." .
Today, however, it is necessary to file for receivership. For the manager, this procedure will make it possible to find "a way of continuing to promote our French know-how" for the benefit of customers, suppliers, partners, agents, employees and shareholders. This path
To achieve this, Benoît Demol is looking to restructure the company's finances. A strengthening of the cash position is underway and "will be completed shortly".
The second area of work is to maintain adaptation to "a complicated market . The French manufacturer's turnaround will require continued efforts "for all stakeholders and the need for "reinventing ourselves again".
"The new chapter that is opening will be fraught with pitfalls, but I am convinced that the best response will be collective (...) We need your support to make this rebound a collective success, and your support can take forms I won't even suspect. Let's be imaginative, and more than ever, let's shape the future together."
