The Flensburg operation consists of one paper machine and two coating lines with a total annual capacity of 35,000 tons.
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Company starts search for internal and external candidates for Sutton's successor.
Italian specialty paper manufacturer Cartiere di Guarcino has started up PM2 at its Guarcino paper mill after a successful rebuild of the forming and press sections supplied by Toscotec. PM2 produces high-quality decor specialty papers.
The reduced import prices from China may alleviate inflationary pressures in importing nations, offering some respite for economies grappling with elevated inflation rates.
Construction added 25,000 jobs, including 11,000 jobs in heavy and civil engineering construction.