1990 to 2009
Opportunities and challenges of globalisation
A global economic crisis follows. The order intake at MCT collapses, reaching just a little over 1,000. In autumn of that year, the company has its back up against the wall. The turnover of 38 million euros is offset by high liabilities. Due to the overcapacity, well over 300 finished, unsold machines are stored in the factory halls. At the end of the year, order intake reaches little more than 800 machines.
Foundations for a restart
In September 2009, Mayer & Cie. announced. insolvency with 472 employees under the leadership of the insolvency administrator Dr. Wolfgang Bilgery. His aim is to restructure the company to maintain it permanently. To do so, he must “align the company with a capacity that the market for premium knitting machines justifies now and in the foreseeable future.”