DGAP-News: Mayr-Melnhof Karton AG: Realignment of cartonboard and folding carton production at the Hirschwang site
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.
- 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.
- 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.