Isola to Close MAS Italy Manufacturing

CHANDLER, ARIZONA, June 29, 2009 – Isola Group S.a.r.l.,  a leading designer, developer and manufacturer of high-performance base materials for the printed circuit board industry, today announced that the shareholders of Isola Group’s Italian laminate company, MAS Italia, authorized the liquidation of that company through a “Concordato Preventivo,” which is an Italian legal process to settle with the company’s creditors. Isola will maintain its presence in the European laminate industry by expanding operations at Isola GmbH, located in Duren, Germany.

Karl Stollenwerk, Managing Director of Isola GmbH, stated, “Isola’s manufacturing operations in Duren have, at one time or another, produced all of the products that are currently being supplied by MAS Italia; therefore we do not expect any product or supply disruptions and look forward to working directly with the entire European customer base.”

Ray Sharpe, CEO of Isola Group, commented, “This has been a very difficult decision for our Company, one which affects the lives of many loyal and hard-working people. I would like to thank all the employees affected by this unfortunate closure for their service and contributions to the company. We will retain a limited number of customer service, accounting, and sales staff as we work through this process.”

He added, “The current weak economic conditions, which are not expected to improve in the near-term, have created a situation where it is not viable for Isola Group to maintain two large laminate manufacturing facilities in Europe. Current market demand can be more than adequately met by one facility operating in Germany, the largest laminate market in Europe.”

29 June 2009

Related Posts

Isola Introduces Very Low Loss Materials For Advanced Automotive Systems
Isola Introduces Very Low-Loss Materials for Advanced Automotive Systems
Isola Introduces Very Low-Loss Materials for Advanced Automotive Safety and Driver Assistance Systems  New Astra™ MT laminates deliver 0.0017 loss for PCB designs. CHANDLER, Ariz., August 8, 2013 — Isola Group S.a.r.l., a market leader in copper-clad laminates and dielectric prepreg materials used to fabricate advanced multi-layer Printed Circuit Boards (PCBs),…
Senior Director of OEM-Marketing in Asia Named
Isola Appoints New Senior Director of OEM-Marketing in Asia CHANDLER, Ariz., September 16, 2014 — Isola Group S.à r.l., a market leader in copper-clad laminates and dielectric prepreg materials used to fabricate advanced multilayer printed circuit boards (PCBs), today announced that Dominic Yu has joined the company as its…
Isola To Exhibit At IME China 2015
Isola to Exhibit at IME/China 2015
Join Isola at the Biggest Microwave, RF and Antenna Event in China October 21-23, 2015 Shanghai Everbright Convention & Exhibition Center China International Conference & Exhibition on Microwave and Antenna (IME/China), which is the largest and most influential Microwave and Antenna exhibition in China, will be a…