DGAP-Adhoc: Cham Paper Group Holding AG: Sale of Italian paper mills stopped
Cham Paper Group Holding AG / Key word(s): Miscellaneous
08.11.2013 07:00
Release of an ad hoc announcement pursuant to Art. 53 KR
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The sale of the Cham Paper Group's mills in Carmignano and Condino, Italy,
to the Delfort Group announced on 15 July 2013 has fallen through on
account of the unsuccessful outcome of contract negotiations between the
Delfort Group and the Italian employees' representatives in Carmignano.
This means that both mills will remain in the possession of the Cham Paper
Group. They are in a favourable position thanks to the comprehensive
restructuring of the Cham Paper Group during the past two years. By
contrast, the general manager of the Italian mills, Marcello Di Giacomo,
who joined the Cham Paper Group one year ago, will be leaving the Group.
His remit will be assumed by the mill managers in Carmignano and Condino,
Gianluca Scaglioni and Gerold Zuegg, and the Group's executive management.
The activities of the Cham Paper Group in Switzerland will not be impacted
by retaining the Italian mills. As of this year the Group's industrial
operations in Switzerland are focussed on the finishing (coating
technology) of sourced base paper and the development, launch and marketing
of premium product lines and services. The Group is currently immersed in
project planning activities for transforming the 'Papieri' industrial park
in Cham into an attractive urban district.
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Information and Explaination of the Issuer to this News:
For further information please contact:
Media and IR office of Cham Paper Group Holding AG
c/o Dynamics Group
Edwin van der Geest / Philippe Blangey
E-mail: media@cham-group.com and/or investor@cham-group.com
Phone: +41 43 268 32 32
Swiss Security Number / ISIN / Ticker:
193 185 / CH0001931853 / CPGN
Registered Shares: Cham Paper Group Holding AG
Cham Paper Group
Cham Paper Group is a leading manufacturer of coated speciality papers. The
group generates value added for its customers by providing finishing-based
functional capabilities. Founded in 1657, at its three locations in
Switzerland and Italy the company develops and manufactures speciality
papers for use in the consumer goods, industrial release and digital
imaging sectors. The consumer goods sector encompasses papers for flexible
packaging and base papers for label printing in the food, non-food,
tobacco, beverage and pharmaceutical industries. In terms of the industrial
release sector, Cham Paper Group supplies silicone-base papers for release
liners used in graphical applications and for adhesive tapes and labels.
The company also supplies base papers for process liners used in industrial
casting and laminating process applications. Facestock papers for the
self-adhesive industry round off the range. In addition to large-format
inkjet papers for indoor and outdoor applications, the digital imaging
sector also includes sublimation papers for digital textile printing. Cham
Paper Group has benefited from the trend for sustainable products and is
well established on the market thanks to the company's technological
innovation. Cham Paper Group (stock exchange symbol: CPGN) is listed on the
SIX Swiss Exchange as an independent company.
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Additional features:
Document: http://n.equitystory.com/c/fncls.ssp?u=IFHDBALDDO
Document title: Sale of Italian paper mills stopped
08.11.2013 News transmitted by EQS Schweiz AG.
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Language: English
Company: Cham Paper Group Holding AG
Fabrikstrasse
6330 Cham
Switzerland
Phone: +41 41 785 33 33
Fax: +41 41 785 31 50
E-mail: mail.cham@cham-group.com
Internet: www.cham-group.com
ISIN: CH0001931853
Valor: -
Listed: SIX
End of Announcement EQS Group News-Service
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