Swiss Ziegler Paper reported 22% drop in sales in 2009
Mar 29, 2010. During the 2009 business year Ziegler Paper registered a decrease in net production volume of 14%, from 72,500 to 62,200 tonnes. As a result of prices and exchange rates, the fall-off in sales was even greater at 22%, from CHF 127 ($119 million) to CHF 103 million ($97 million).
Mar 29, 2010. /Lesprom Network/. During the 2009 business year Ziegler Paper registered a decrease in net production volume of 14%, from 72,500 to 62,200 tonnes. As a result of prices and exchange rates, the fall-off in sales was even greater at 22%, from CHF 127 ($119 million) to CHF 103 million ($97 million), company said in a statement received by Lesprom Network.
Thanks to intensive market activities and the targeted use of resources, it nevertheless proved possible for operational cash flow to be maintained. Investments amounted to CHF 4.7 million ($4.4 million), which was in line with the previous year. It was neither necessary for the company to lay off staff in 2009 nor to introduce short-time working. Ziegler Paper Mill continues to be debt-free.
The distribution of Ziegler’s sales markets continued unchanged in 2009: 48% of production was sold in Switzerland, while 52% was exported. The majority of exports went to Germany (19%), followed by the UK, USA, Italy, France, Austria, Benelux and Spain. As a result of prevailing exchange rates, business in the dollar and sterling areas was restrained. Overseas markets and China in particular are interesting for the further development of specialties business and offer a wealth of opportunities.
Ziegler Paper is a Swiss manufacturer of fine and specialty papers based in Grellingen.