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 Adds New VP-General Counsel; Corporate Secretary
Roseburg announced that Matt Lawless has been named Vice President-General Counsel and Corporate Secretary, effective March 1, 2023. Lawless will join the company’s executive team and help set strategy and overall direction for the business…
Egger Invests More Than $42 Million In North Carolina
Egger Wood Products has announced the start of production on a third lamination line at its Lexington, N.C. facility. The $21 million investment will expand the company’s thermally fused laminate (TFL) production capacity by 50%, increasing production to more than 155 million sq. ft. per…
Büttner Expands Product Range
As a globally operating supplier of burners as well as drying and energy plants, Büttner—a member of the Siempelkamp Group—is taking the next logical step by establishing a new environmental technology competence center in Kaiserslautern, Germany, and expanding its product range in the field of environmental…
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!