Labor Talks Sink Sale of Cham Paper's Italian Mills to Delfort Group

Nov. 21, 2013 - Cham Paper on Nov. 8 said that the previously announced sale (July 15) of its specialty paper mills in Carmignano and Condino, Italy, to the Delfort Group has "fallen through on account of the unsuccessful outcome of contract negotiations between the Delfort Group and the Italian employees' representatives in Carmignano."

Cham said it will retain possession of both mills.

"[The mills] are in a favourable position thanks to the comprehensive restructuring of the Cham Paper Group during the past two years," Cham said in a press statement.

"By contrast, the general manager of the Italian mills, Marcello Di Giacomo, who joined the Cham Paper Group one year ago, will be leaving the Group. His remit will be assumed by the mill managers in Carmignano and Condino, Gianluca Scaglioni and Gerold Zuegg, and the Group's executive management," the company added.

Cham said that its business in Switzerland will not be impacted by retaining the Italian mills. "As of this year the Group's industrial operations in Switzerland are focussed on the finishing (coating technology) of sourced base paper and the development, launch and marketing of premium product lines and services."

Founded in 1657, Cham Paper Group is a leading manufacturer of coated specialty papers. At its three locations in Switzerland and Italy, Cham Paper develops and manufactures specialty papers for use in the consumer goods, industrial release and digital imaging sectors. For more information visit: www.cham_group.com.

SOURCE: Cham Paper Group