June 25: Italian machinery manufacturer Frattini is reported to have applied to its local authority for protection while it reorganises the finances of its metal container division.
The company, which manufactures die necking machines used in the monobloc aerosol manufacturing industry and for making aluminium bottles, made the application on June 4 to the Tribunal of Bergamo, where it is based, for what is understood to be a temporary transfer of assets from other parts of the firm.
The move follows what the company describes as a dramatic fall in orders at the end of 2008 and the beginning of 2009. It does not anticipate a better second half of 2009.
