Each issue of PaperMoney is approximately 500 fact filled pages.
Logout
Click here for Pulp & Paper Radio International
Items just for you
New publication added! Advertising Arguments 2015 book
Free Downloads
Search
My Profile
Login
Management Side
Technical Side
Arctic Paper Mochenwangen to Cease Production
Print

Poznan, Poland 16 November 2015 -- The implementation of measures to eliminate further losses at Arctic Paper Mochenwangen, announced in July this year as part of Profit Improvement Program 2015/2016, has now reached a milestone. The negotiations with the Works Council of Arctic Paper Mochenwangen have been finalised on Sunday the 15th of November. The cease of production is to be finalised during December 2015. All confirmed orders are to be produced and delivered as agreed.

At the same time the sale process, including on-going negotiations with potential buyers, of Arctic Paper Mochenwangen is still on going and will continue during 2016.

The costs related to the cease of production in the Arctic Paper Mochenwangen mill are estimated to the amount of 9,3 MEUR (approximately 39 MPLN).
A provision will be created for these costs in Q4 and will be reported as discontinued operations.

The actions taken will enable Arctic Paper Group to concentrate its efforts on the three remaining paper mills; Arctic Paper Kostrzyn, Arctic Paper Grycksbo and Arctic Paper Munkedals. The decision will lead to the full attention to profitable products and the implementation of the Profit Improvement Program 2015/16.



Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: