DGAP-Adhoc: Cham Paper Group Holding AG: Solidarity in Carmignano
Cham Paper Group Holding AG / Key word(s): Miscellaneous
22.11.2013 07:05
Release of an ad hoc announcement pursuant to Art. 53 KR
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- Renewed strength breathed into social partnership in Carmignano
- Continued streamlining of executive management within the Group
On 8 November 2013 the Cham Paper Group announced that the sale of the
Italian mills had fallen through due to the failure to reach an agreement
in contract negotiations with the employees' representatives at Carmignano.
In the meantime the local site management have been able to come to an
economically viable and forward-looking consensus with workers. The new
agreement, adopted by a large majority at the general meeting of the mill's
workforce, enables a significant expansion of the mill's flexibility in
terms of operating hours, especially on bank holidays, while retaining the
original compensation models. This agreement marks a key development and
demonstrates the firm intention of all stakeholders to secure the
strengthened market position of the mill in Carmignano enabled by the
successful restructuring of the Group.
The Board of Directors of the Cham Paper Group are pleased with the
alliance achieved with the social partners and is convinced of the
favourable future prospects of both Italian mills. At the same time they
are continuing to streamline the Group's management. The Executive
Committee is being disbanded; in future the three site managers at
Carmignano, Condino and Cham will report directly to the delegate of the
Board of Directors, Urs Ziegler. Peter Müller, the former site manager at
Cham and in charge of the Swiss paper business, will be taking on various
special projects at Group level. However, in mid 2014 he will leaving the
Cham Paper Group at his own request upon the completion of the two-year
transformation and relocation phase. At the Holding level, Urs Ziegler will
continue to be assisted by Luis Mata, Head of Finance & Controlling, and
Franziska Stöckli, Head of Corporate Services.
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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 added value 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 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. The
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. The Cham Paper Group is listed on the SIX Swiss Exchange as an
independent company (stock exchange symbol: CPGN).
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Additional features:
Document: http://n.equitystory.com/c/fncls.ssp?u=TSTNVAAWFA
Document title: Solidarity in Carmignano
22.11.2013 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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