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.

Dale Brown Becomes USNR CEO

Wood Technologies International announced that President Dale Brown has been appointed CEO of the company, succeeding Craig Tompkins who now serves as a Strategic Advisor to the Board of Directors of Wood Technologies. “We are…

Bruks Siwertell Acquires West Salem Machinery

Bruks Siwertell Group has signed an acquisition contract for North American heavy machinery specialist, West Salem Machinery (WSM), effective July 1, 2023. The Oregon-based engineering and manufacturing company will continue to operate under its current…

Foundation Wants Ill-Fated Huber Project Reviewed

The Blandin Foundation, based in Grand Rapids, Minnesota and aims to help rural communities in the region, has called on Gov. Tim Walz to commission an “after-action review” of the ill-fated, proposed Huber OSB mill…

« Older Entries

Next Entries »

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1589916740199-0'); });

Find Us On Social

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548376916922-0'); });

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548376961890-0'); });

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548377005333-0'); });

Newsletter

The monthly Panel World Industry Newsletter reaches over 3,000 who represent primary panel production operations.

Subscribe Now

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.

Complete the form

Advertise

Complete the online form so we can direct you to the appropriate Sales Representative. Contact us today!

Contact Us