Gidue, the Italian label and packaging press manufacturer, has filed for voluntary liquidation, describing the global downturn as "far beyond any possible expectation".rnDespite record sales of €34m (￡30.8m) in the past financial year, the Turate-based firm said "an unexpected strong downturn in sales" meant it could no longer cover its fixed costs.rnFormer supplier Nuova Castagnoli will assume service of the more than 320 Gidue presses installed worldwide and potential new sales. Gidue's Service Point network will remain in place following the reconfiguration.
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