Cham Paper Group further process in the restructuring
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.
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.