Cham Paper Group Holding AG: Further progress in the restructuring

Cham Paper Group Holding AG  / Key word(s): Miscellaneous

10.09.2012 07:25

Release of an ad hoc announcement pursuant to Art. 53 KR
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The Cham Paper Group's transformation process is progressing more rapidly
than expected. As the Group announced today, by April 2013 it will be ready
to commence production of speciality papers for the tobacco industry, which
are currently produced in Cham, at the Italian site in Carmignano and
distribute the papers from there. The extensive tests on coating machines
in Cham using externally produced raw papers are also proceeding with
success and will be concluded by early 2013. These are needed to produce
'digital imaging' and 'BARnamic' speciality papers, which will also see
future production in Switzerland. The second paper machine in Cham will
therefore be decommissioned by March/April 2013.

The development and sales teams are systematically preparing themselves for
the completion of the transformation and the new direction that the Group
will be taking in spring 2013. The market has thus far responded well to
the changes announced. In August 2012, the Board of Directors assigned
management the task of planning a new innovation and coating centre,
located away from the current company site, in or around Cham.

On 1 September 2012, Marcello di Giacomo took up his role as the new site
manager at Carmignano, also becoming a member of the Management Board at
the same time. From April 2013, the Carmignano site will become the most
important production facility in the Cham Paper Group and the backbone of
an efficiency-oriented production and logistics platform in the eurozone.

Leaving the Cham Paper Group, however, is CFO Patrick Schmid. Patrick
Schmid has been with the Cham Paper Group for 17 years, working in various
positions. In 2005, he became Head of Finance at the Swiss site and since
2010 he has been the Group's CFO. The Board of Directors and the management
team would like to thank him for his huge commitment, particularly in the
planning and implementation of the transformation process over the last two
years, and wish him the very best both personally and professionally for
the future. The Group will release more information regarding the vacant
position of CFO at a later point.


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Information and Explaination of the Issuer to this News:

For further information please contact
Media and IR office Cham Paper Group Holding AG
c/o Dynamics Group
Edwin van der Geest / Philippe Blangey
Email media@cham-group.com and/or investor@cham-group.com
Telephone +41 43 268 32 32
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.
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.

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Language:               English
Company:                Cham Paper Group Holding AG
                        Fabrikstrasse
                        6330 Cham
                        Switzerland
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
Swiss Security Number:  -
Listed:                 SIX
 
End of Announcement                             EquityStory News-Service
 
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