Inactive Instrument

Brødrene Hartmann A/S

HART

DK0010256197

Broedrene Hartmann A/S : Hartmann proposes closure of manufacturing facility in Varkaus, Finland, to strengthen efficiency and profitability

January 04, 2013 at 07:41 am

MarketScreener.com By

Hartmann proposes closure of manufacturing facility in Varkaus, Finland, to strengthen efficiency and profitability

With a view to ensuring sustainable and profitable long-term growth in the European business, Hartmann proposes to close its manufacturing facility in Varkaus, Finland. The strategic initiative aims at increasing overall competitiveness and optimising the European production network through reduction of complexity and efficiency improvements. Negotiations with employee representatives are scheduled to commence on 14 January 2013.

>Announcement in pdf

In line with the 'Competitive edge - driving growth' strategy, Hartmann has taken a number of steps to strengthen competitiveness and enhance its customer focus. These efforts have increased overall production efficiency, and the proposed closure of Hartmann's manufacturing facility in Varkaus is not expected to affect European sales volumes.

Hartmann initiates the process of engaging with employee representatives to negotiate the outcome of the proposal and explore alternatives. This is in accordance with prevailing Finnish legal requirements known as YT negotiations, which will go on for a minimum of six weeks. The procedure will concern 45 jobs in Finland.

Hartmann will communicate the outcome of the negotiations in due course.

For additional information, please contact:
Michael Rohde Pedersen
CEO
Tel. (+45) 45 97 00 33

distributed by

Latest news about Brødrene Hartmann A/S

Brødrene Hartmann A/S Reports Earnings Results for the Full Year Ended December 31, 2023	03-18	CI
Brødrene Hartmann A/S(CPSE:HART) dropped from OMX Nordic All-Share Index	12-21	CI
Thornico Food & Food Technology Group A/S completed the acquisition of remaining 20.79% stake in Brødrene Hartmann A/S.	12-19	CI
Thornico Food & Food Technology Group A/S completed the acquisition of additional 10% stake in Brødrene Hartmann A/S from VN Capital Management, LLC, Aktia Pankki Oyj, and Abaco Capital Investments.	12-19	CI
Brødrene Hartmann Agrees to Takeover Offer from Thornico Food	11-22	MT
Brødrene Hartmann Wins Nasdaq Copenhagen Approval for Delisting	11-21	MT
Brødrene Hartmann A/S Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	11-15	CI
Transcript : Brødrene Hartmann A/S - Shareholder/Analyst Call	16/10/23
Thornico Holding A/S entered into an agreement to acquire additional 10% stake in Brødrene Hartmann A/S from VN Capital Management, LLC, Aktia Pankki Oyj, and Abaco Capital Investments for approximately DKK 250 million.	11/10/23	CI
Thornico Holding A/S made a bid to acquire the remaining 31.4% stakes in Brødrene Hartmann A/S for DKK 600 million.	18/09/23	CI
Transcript : Brødrene Hartmann A/S, H1 2023 Earnings Call, Aug 17, 2023	17/08/23
Brødrene Hartmann A/S Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	16/08/23	CI
Brødrene Hartmann Names New CFO	08/08/23	MT
Brødrene Hartmann A/S Appoints Kenneth Kongsgaard Kristensen as CFO	08/08/23	CI
Brødrene Hartmann A/S Revises Earnings Guidance for the Year 2023	03/08/23	CI
Brødrene Hartmann A/S Announces That Flemming Steen Steps Down from His Role as Member of Hartmann's Executive Board	21/07/23	CI
Brødrene Hartmann A/S Announces That Flemming Steen Steps Down from His Role as CFO	21/07/23	CI
BrÃ¸drene Hartmann A/S Announces Board Appointments	12/07/23	CI
Transcript : Brødrene Hartmann A/S - Shareholder/Analyst Call	12/07/23
Brødrene Hartmann A/S Reports Earnings Results for the First Quarter Ended March 31, 2023	09/05/23	CI
Brødrene Hartmann A/S Reports Preliminary Financial Figures for the First Quarter of 2023	01/05/23	CI
Brødrene Hartmann A/S Revises Earnings Guidance for the Year 2023	01/05/23	CI
Transcript : Brødrene Hartmann A/S, 2022 Earnings Call, Mar 08, 2023	08/03/23
Brødrene Hartmann A/S Reports Earnings Results for the Full Year Ended December 31, 2022	07/03/23	CI
Brødrene Hartmann A/S Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022	15/11/22	CI

Chart Brødrene Hartmann A/S

Duration

Period

More charts

Company Profile

Broedrene Hartmann A/S is a Denmark-based company engaged in the manufacture of molded-fiber packaging that is used primarily for eggs. The Company's activities are divided into two geographical segments: Europe and North America. The Europe segment comprises production and sale of molded-fiber packaging in Europe, including Israel, as well as the sale of machinery for molded-fiber packaging production and the combined heat and power plant in Toender, which is located in Denmark. The North America segment includes the production and sale activities in the North America. Its customer portfolio comprises egg producers, egg packaging businesses, retail chains and buyers of industrial packaging. Furthermore, the Company is a parent of Hartmann (UK) Ltd, Hartmann France Sarl, Hartmann Verpackung AG, Hartmann-Schwedt GmbH, Hartmann-Mai Ltd, and Hartmann-Hungary Kft, among others.

Sector

Paper Packaging

Calendar

12/08/2024 - Q2 2024 Earnings Release (Projected)

More about the company

Sector Other Paper Packaging

	1st Jan change	Capi.
PACKAGING CORPORATION OF AMERICA	+17.23%	16.56B
INTERNATIONAL PAPER COMPANY	+25.89%	15.33B
WESTROCK COMPANY	+18.64%	13.3B
STORA ENSO OYJ	+0.52%	10.72B
MONDI PLC	-5.54%	9B
GRAPHIC PACKAGING HOLDING COMPANY	+13.35%	8.39B
DS SMITH PLC	+42.53%	7.58B
SIG GROUP AG	-11.42%	7.29B
SONOCO PRODUCTS COMPANY	-8.20%	4.97B

Other Paper Packaging