G. Siempelkamp GmbH & Co. KG announced a restructuring program intended to help strengthen the company’s competitiveness in a difficult global market environment caused by the challenges that have arisen from the current pandemic and its effects on the world economy.
“We expect a lower order volume in the U.S. and Europe in the current fiscal year. In addition, our core markets have shifted towards the Asian market in the past and coming years,” explains Dr. Martin Stark, Siempelkamp CEO. “Due to the current global development in the context of the Corona pandemic we do not see a quick recovery.”
The restructuring program focuses on organizational and process optimization as well as sales and digitalization efforts and a strengthening of the production network. In addition, there will be some changes to the personnel structure at Siempelkamp’s Krefeld, Germany location, including cutting approximately 260 jobs. Siempelkamp’s goal is to implement the job consolidation as socially acceptable as possible while working through constructive dialogue with the Works Council.
Veneer Research Part Of Latest FS Grant Program The U.S. Department of Agriculture’s Forest Service is supporting the development and expansion of...
AWC Names Jackson Morrill President/CEO Jackson Morrill, president of the Composite Panel Assn. since 2015, is resigning from that position and will...
Jonathan (Jon) Douglas Snyder, former president of Arkansas Face Veneer in Benton, Ark., died July 21. He was 65. Snyder, who worked at Arkansas Face Veneer from 1989-2009, was a respected long-term member of Hardwood Plywood & Veneer…
Con-Vey named Brent Hensley as Product Manager for Panel Products. This new designation is essential to supporting increased initiatives and continued growth for Con-Vey’s panel product segments, including OSB, plywood, LVL, OSL, fiber…
Find Us On Social
The monthly Panel World Industry Newsletter reaches over 3,000 who represent primary panel production operations.
Panel World is delivered six times per year to North American and international professionals, who represent primary panel production operations. Subscriptions are FREE to qualified individuals.
Complete the online form so we can direct you to the appropriate Sales Representative. Contact us today!