Mayr-Melnhof Karton AG: Realignment of cartonboard and folding carton production at the Hirschwang site
September 07, 2020 at 04:55 am EDT
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DGAP-News: Mayr-Melnhof Karton AG
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Mayr-Melnhof Karton AG: Realignment of cartonboard and folding carton production at the Hirschwang site
07.09.2020 / 10:55
The issuer is solely responsible for the content of this announcement.
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.
07.09.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
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Mayr-Melnhof Karton AG is Europe's leading producer of cardboard and cardboard boxes. Net sales break down by product family as follows:
- cardboard and paper (53.7%): 2,433 Kt produced, broken down between recycled fiber-based board (1,217 Kt; No. 1 worlwide), virgin fiber-based board (634 Kt) and papers (582 Kt). At the end of 2022, the group had 6 plants located in Europe;
- cardboard boxes (46.3%): 4,056 million m2 produced in 2022 through 65 production sites worldwide.
Net sales are distributed geographically as follows: Austria (1.8%), Germany (17.2%), Poland (14.6%), France (9%), the United Kingdom (6.8%), Europe (30.8%), the Americas (5.1%) and other (14.7%).
MAYR-MELNHOF KARTON AG 
