DGAP-Adhoc: Cham Paper Group Holding AG: Sale of Italian paper mills stopped
08.11.2013 – 07:11
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 --------------------------------------------------------------------------- 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. --------------------------------------------------------------------------- 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. +++++ 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. The issuer is responsible for the contents of the release. EquityStory publishes regulatory releases, media releases on the capital market and press releases. The EquityStory Group distributes authentic and real-time financial news for over 1'300 listed companies. The Swiss news archive can be found at www.equitystory.ch/news --------------------------------------------------------------------------- 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 ---------------------------------------------------------------------------