…as acquisition of its news web is on course
BP&P Times Group says as Malawi’s market leader in printing and publishing industry it will continue to buy state-of-art equipment from credible suppliers using proper channels.
The company’s management has disclosed that besides the five colour printing machine for commercial jobs and two computer-to-plate equipment it has bought in the recent past in line with advances in modern technology, it is in the process of buying a state-of art news web for printing its newspapers and related publications.
According to the statement issued by the company on Wednesday, it has become necessary to disclose this information to correct the misinformation and distortions that have appeared on some online publications regarding BP & P Times acquisition of a news web machine.
BP & P Times Group management has further described as unfortunate the report circulated by Nyasa Times suggesting that the company may have been swindled by a middleman in its deal to purchase a news web machine.
Reacting to the story management said the authors of the story and their publishers never contacted the Managing Director or the General Manager as purported by the publication.
The story by Nyasa Times says the company has been swindled K60 million by a middle man, but according to management, there is no middleman involved in the deal. Furthermore, management says the money paid for the machine was not borrowed from a bank as suggested by the report but came from its own resources.
“Firstly, no journalist from Nyasa Times or indeed from any credible media house has spoken to either the Managing Director or the General Manager of BPP Times Group. Therefore the comments attributed to them on Nyasa Times are a fabrication and unfortunate,” reads the statement in part.
The statement says while it is true that BPP Times are in the process of acquiring a news web machine, the company is not doing so through any middleman, but through proper channels it has always followed during its long history of printing and publishing.
The truth of the matter is that Roberts Graphics of the UK are supplying the equipment to BP& P Times.
On fabrications that the company obtained a bank loan to make the initial payment, the statement explains: “Part payment of the machine has already been made through normal transactions through the banks. The money used came from internally generated resources and was not borrowed from any bank. The suggestion therefore the company has been swindled is laughable as it is born out of malice and there is no factual element in it.”
The agreed delivery of the machine as per contract is August, 2012 and to the best of our knowledge, that delivery time is on schedule, adds the statement.
According to the company, the acquisition of the news web machine is a completion of an exercise of machine replacement that started some two years ago with the acquisition of a five colour machine for commercial jobs and two sets of computer-to-plate equipment.
Through its new equipment, the company bid valediction to the technology of processing films for newspapers almost a year ago.