Cham Paper Group Holding AG
- WKN: 884785
- ISIN: CH0001931853
- Land: Schweiz
Nachricht vom 19.03.2010 | 07:01
Cham Paper Group Holding AG: Exceptional situation on the market for raw materials necessitates a general price increase of 10%
Cham Paper Group Holding AG / Miscellaneous
19.03.2010 07:01
Dissemination of a Adhoc News, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Unforeseeable environmental factors such as the earthquake in Chile on 27
February 2010, storm Xynthia over south-western Europe on 28 February 2010
and the very cold winter in Scandinavia have given rise to a shortage of
raw materials for the papermaking industry. These environmental factors
have had a particularly severe impact on pulp production, virtually
bringing it to a standstill and interrupting the logistics chain to Europe
and North America.
Within a remarkably short period of time, this shortage of raw materials
has given rise to substantial price increases with regard to the sourcing
of pulp and various chemicals. Cham Paper Group therefore has no other
option than to increase its prices by 10%, effective from 1 April 2010.
This implementation takes effect on all invoices dated on or after 1 April
2010. Other steps will depend primarily on future developments in the
market for raw materials which the experts from the Cham Paper Group are
monitoring constantly. They are endeavouring to limit the extent of action
they find themselves required to take.
Cham Paper Group Management Inc.
Sales Consumer Goods - Mr Hans Pridal
Sales Industrial Release - Mr Eric Woestenburg
Sales Digital Imaging - Mr Roger Leber
E-Mail: info@cham-group.com
Phone: +41 41 785 33 33
Swiss Security Number / ISIN / Ticker
Registered Share Cham Paper Group Holding AG 193 185 / CH0001931853 / CPGN
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.
19.03.2010 Ad hoc announcement, Financial News and Media Release
distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Cham Paper Group Holding AG
Fabrikstrasse
6330 Cham
Schweiz
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
WKN: -
Listed: Foreign Exchange(s) SIX
End of News DGAP News-Service
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