DGAP-News: Mayr-Melnhof Karton AG: MM Karton to close Swiss Board Mill
(firmenpresse) - Mayr-Melnhof Karton AG / Miscellaneous
08.04.2010 11:35
Dissemination of a Corporate News, transmitted by
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Due to a significant deterioration of the industrial framework conditions
in Switzerland, MM Karton will discontinue cartonboard production at its
Deisswil site. A drastic increase in Swiss emission levies made an
impairment of EUR 14.2 million already necessary by year-end 2009 due to a
considerable strain on future earnings. A comprehensive evaluation of the
general set-up henceforth led to the conclusion that an economic
continuation is not feasible anymore due to accelerated negative local
productivity and cost development.
The use of the machines and technical installations will be discontinued in
future. For the mill's 255 employees, a social plan will be implemented.
In 2009, approximately 112,000 tons of cartonboard were produced on three
board machines at Deisswil. By mutual agreement with our customers, future
supply will be effected via more competitive, high-performance MM-Karton
plants.
For further information, please contact:
Stephan Sweerts-Sporck, Investor Relations,
Mayr-Melnhof Karton AG, Brahmsplatz 6, A-1041 Vienna
Tel.: (+43/1) 50136 - 91180, Fax: (+43/1) 50136 - 91195
e-mail: investor.relations(at)mm-karton.com,
Website: http://www.mayr-melnhof.com
08.04.2010 11:35 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: Mayr-Melnhof Karton AG
Brahmsplatz 6
1040 WienÖsterreich
Phone: 0043 1 501 36 91180
Fax: 0043 1 501 36 91391
E-mail: investor.relations(at)mm-karton.com
Internet: www.mayr-melnhof.com
ISIN: AT0000938204
WKN: 93820
Indices: ATX
Listed: Freiverkehr in Berlin, München, Stuttgart; Open Market inFrankfurt; Foreign Exchange(s) Wien
End of News DGAP News-Service
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Datum: 08.04.2010 - 11:35 Uhr
Sprache: Deutsch
News-ID 18698
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
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