Felix Schoeller Reduces Specialty Paper Production Due to COVID-19
The Felix Schoeller Group is shutting down paper machines and finishing units as demand declines due to the coronavirus.
Having started 2020 on track, the Felix Schoeller Group recently announced that it is increasingly feeling the effects of the coronavirus pandemic from the markets. The number of orders received is declining, which is having an impact on machine occupancy. The company reports that it is preparing for this by systematically shutting down paper machines and finishing units.
To react to the change in demand, short-time working was announced at the German plants, affecting approximately 2,100 of the 3,600 employees worldwide. “Our current sales situation presents us with great challenges,” said Hans-Christoph Gallenkamp, CEO. “We are reacting to this by flexibly adjusting our production volume to demand. In this way we are creating important conditions for the further economic stability of the company.”