Shutdown of operations at Raubling Papier GmbH under review

The situation of Heinzel Group subsidiary Raubling Papier GmbH in Germany in 2024 continues to be characterized by a persistently difficult market environment and challenging economic conditions. The management of Raubling Papier GmbH has now decided to enter into discussions with the local works council about a possible discontinuation of operations to develop socially responsible solutions for the 165 employees potentially affected. The HEINZEL GROUP result for 2023 already includes an impairment for the Raubling plant.

Heinzel remains committed to driving sustainable growth and creating long-term value for all stakeholders. The 2023 theme for its Sustainability and Annual Report, "Closing Cycles," epitomizes the company's commitment to optimizing economic and environmental cycles within its operations.

 At five sites in Europe, Heinzel Group produces market pulp, packaging paper and magazine paper and trades in in pulp, paper, recycled fiber, and packaging solutions.