DGAP-News: Mayr-Melnhof Karton AG / Key word(s): Miscellaneous
A comprehensive examination of the framework conditions has shown that it is not possible to continue production economically on the board machine in Hirschwang, Lower Austria. The age and design of the machine (year of construction 1952) as well as increased market requirements are hurdles to the continuation. This will affect 150 employees, and talks have already started on a social plan.
The supply of customers from other plants of the Mayr-Melnhof Group is assured.
The result of the Cartonboard Division is expected to be impacted by a EUR 25 million charge of which the major part is attributable to write-offs.
The Hirschwang site shall in future concentrate on the existing folding carton production (Neupack) with 215 employees. Investments to strengthen the site in this area are being examined.
For further information please contact:
Mayr-Melnhof Karton AG
Tel.: (+43/1) 50136 - 91180
Fax: (+43/1) 50136 - 91195
|Company:||Mayr-Melnhof Karton AG|
|Phone:||0043 1 501 36 91180|
|Fax:||0043 1 501 36 91391|
|Listed:||Regulated Unofficial Market in Berlin, Frankfurt (Basic Board), Munich, Stuttgart; Vienna Stock Exchange (Official Market)|
|EQS News ID:||1127957|
|End of News||DGAP News Service|