Siempelkamp Restructures
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.
RELATED ARTICLES
STARWOOD ORDERS THIN-BOARD PLANT
XIANGSHENG ORDERS PARTICLEBOARD LINE
CALPLANT I NEARS THE FINISH (OR STARTING) LINE
DONGWHA ADDRESSES CHALLENGING FIBER
Latest News
Roseburg Makes Major Decision
Roseburg Forest Products, which announced in April a $700 million investment over the next four years to expand operations in southern Oregon, including a $450 million MDF plant in Dillard, Ore., has selected Siempelkamp as the primary supplier of the MDF plant, including a 10 ft. x 42.1 m ContiRoll continuous press. The companies noted that in 1969 Siempelkamp supplied Roseburg Lumber with its very first composite panel press line…
APA Board Adds Beers As Trustee
APA, The Engineered Wood Assn. Board of Trustees has added John Beers III as its newest member. He joins the APA Board of Trustees, filling the position vacated by Andy Konieczka’s resignation and move to a new role within Georgia-Pacific. Beers currently serves as the president of the structural panels business at Georgia-Pacific…
J.M. Huber Corp. Receives Management Honor
J.M. Huber Corp. (Huber) has proudly announced it has been selected as a 2023 U.S. Best Managed Company Gold Standard honoree. Sponsored by Deloitte Private and The Wall Street Journal, the program recognizes outstanding U.S. private companies and the achievements of their management teams. The 2023 designees are U.S. private companies that have…
Find Us On Social
Newsletter
The monthly Panel World Industry Newsletter reaches over 3,000 who represent primary panel production operations.
Subscribe/Renew
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.
Advertise
Complete the online form so we can direct you to the appropriate Sales Representative. Contact us today!