Sonae Indústria, SGPS, SA announces that its indirectly affiliated companies GHP GmbH and Tool GmbH intend to enter into negotiations with employee representatives and trade unions regarding the potential reduction of the particle board activities performed in the plant located in Horn-Bad Meinberg, Germany.

Wooden Panels

Sonae to reduce production at particle board plant in Germany

Sep 17, 2013. /Lesprom Network/. Sonae Indústria, SGPS, SA announces that its indirectly affiliated companies GHP GmbH and Tool GmbH intend to enter into negotiations with employee representatives and trade unions regarding the potential reduction of the particle board activities performed in the plant located in Horn-Bad Meinberg, Germany.The decision to enter into these negotiations is due to the continuous losses that are being incurred in the light of the lower demand for particle board and the industry overcapacity as a whole, as the company said in the press release received by Lesprom Network.

“Any decision to implement a reduction of activity at our Horn-Bad Meinberg plant after the negotiations with employee representatives and trade unions would be consistent with our stated strategy of reducing our industrial footprint and concentrating production in our more efficient and profitable plants,” the company said.

Sonae Indústria is one of the largest wood based panels producers in the world. The product range includes: particleboard; MDF (Medium Density Fibreboard); hardboard; OSB (Oriented Strand Board).