In view of the changing market conditions and in order to rationalize operations to maintain a competitive standing in the market, PMT Group has decided to cease production at its UK subsidiary PMT Industries Ltd, which was centered around the production of cast iron Yankee Dryers, MG Cylinders and foundry castings.
PMT Industries Ltd has entered into Administration 30th September 2013. PMT Italia and the other Group Companies will continue to trade as usual in the Paper Machinery business worldwide, not being their product and service lines affected by this decision.