DGAP-Ad-hoc: Cham Paper Group Holding AG: Further
progress in the restructuring
Cham Paper Group Holding AG / Key word(s):
Miscellaneous
10.09.2012 07:25
Release of an ad hoc announcement pursuant to Art. 53 KR
The Cham Paper Group's transformation process is
progressing more rapidly than expected. As the Group
announced today, by April 2013 it will be ready to commence
production of speciality papers for the tobacco industry,
which are currently produced in Cham, at the Italian site in
Carmignano and distribute the papers from there. The
extensive tests on coating machines in Cham using externally
produced raw papers are also proceeding with success and will
be concluded by early 2013. These are needed to produce
'digital imaging' and 'BARnamic' speciality
papers, which will also see future production in Switzerland.
The second paper machine in Cham will
therefore be decommissioned by March/April 2013.
The development and sales teams are systematically preparing
themselves for the completion of the transformation and the
new direction that the Group will be taking in spring 2013.
The market has thus far responded well to the changes
announced. In August 2012, the Board of Directors assigned
management the task of planning a new innovation and coating
centre, located away from the current company site, in or
around Cham.
On 1 September 2012, Marcello di Giacomo took up his role as
the new site manager at Carmignano, also becoming a member of
the Management Board at the same time. From April 2013, the
Carmignano site will become the most important production
facility in the Cham Paper Group and the backbone of an
efficiency-oriented production and logistics platform in the
eurozone.
Leaving the Cham Paper Group, however, is CFO Patrick Schmid.
Patrick Schmid has been with the Cham Paper Group for 17
years, working in various positions. In 2005, he became Head
of Finance at the Swiss site and since 2010 he has been the
Group's CFO. The Board of Directors and the management
team would like to thank him for his huge commitment,
particularly in the planning and implementation of the
transformation process over the last two years, and wish him
the very best both personally and professionally for the
future. The Group will release more information regarding the
vacant
position of CFO at a later point.
Information and Explaination of the Issuer to this News:
For further information please contact
Media and IR office Cham Paper Group Holding AG
c/o Dynamics Group
Edwin van der Geest / Philippe Blangey
Email media@cham-group.com and/or investor@cham-group.com
Telephone +41 43 268 32 32
Swiss Security Number / ISIN / Ticker
Registered Share Cham Paper Group Holding AG 193 185 /
CH0001931853 / CPGN
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. 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.
10.09.2012 News transmitted by EquityStory 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
Swiss Security Number: -
Listed: SIX
End of Announcement EquityStory News-Service
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