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Upturn not coming says Fulmar chief.(printing industry forecasts worsening market conditions)(Brief Article)
Fulmar chief executive Mike Taylor believes conditions in commercial print will not improve this year - or next - and is predicting further industry fallout as a result.
Speaking as the group unveiled interim results that cited 'the worst market conditions for decades', Taylor said: 'We cannot anticipate that life will get better next year. That's an over-optimistic view. There are people with their heads in the sand, holding their breath for an upturn. Sorry guys, it ain't coming.'
Taylor stated that a 'high percentage' of printers were prepared to price work significantly below cost, and that firms without strong balance sheets would be unable to weather …
