Posted 八月 18, 2016
The Cham Paper Group increased revenues by 3% to CHF 103.8 million ($108 million) and posted an operating profit of CHF 5.2 million ($5.4 million) in 1H 2016. This meant that the lower end of the target margin range was exceeded for the first time in a long time following a challenging transformation process in the paper division. Net income amounted to CHF 3.3 million ($3.4 million), as the company said in the press release received by Lesprom Network.
In a slightly weaker market environment, the paper division benefited from the efficiency improvements made so far in production and from a return to normal raw material prices.
The Cham Paper Group is a leading manufacturer of coated speciality papers. The company, which was founded in 1657, has three sites, one in Switzerland (Cham) and two in Italy (Carmignano and Condino), and a global sales network.