Brief: Mayr-Melnhof Karton To Reduce Strategic Investment And Increase In Share Of Renewable Energy At MM Kwidzyn, Poland

Mayr-Melnhof Karton AG

20/11/2023 11:30

Nov 20 (Reuters) - MAYR MELNHOF KARTON AG  MMKV.VI :
    * REDUCTION OF STRATEGIC INVESTMENT AND INCREASE IN SHARE OF
RENEWABLE ENERGY AT MM KWIDZYN, POLAND
    * MM KWIDZYN WILL FOCUS ITS INVESTMENTS ON INCREASING ITS
ALREADY
HIGH SHARE OF RENEWABLE ENERGY OF CURRENTLY 69 % EVEN FURTHER.
    * HAS ENTERED IN CONSULTATIONS WITH TRADE UNIONS AND WORK
COUNCIL
ON A POTENTIAL CLOSURE OF SMALL PACKAGING KRAFT PAPER MACHINE
(PM 3) AND A REORGANISATION, WHICH MAY INCLUDE COLLECTIVE
DISMISSAL OF AROUND 110 EMPLOYEES.
    * SINCE REBUILD OF ONE OF UNCOATED FINE PAPER MACHINES HAS
BEEN
PUT ON HOLD, SACK KRAFT PAPER WILL NOT BE PRODUCED IN KWIDZYN

Source text for Eikon:  ID:nEQ6n0WmNa 
Further company coverage:  MMKV.VI 

 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))