21st Austria weekly - Mayr-Melnhof, Andritz, ams Osram (20/11/2023)

21st Austria weekly - Mayr-Melnhof Andritz ams Osram 20/11/2023 [pic1]Mayr-Melnhof: Due to uncompetitive wood prices from the Polish State Forests’ monopoly and low market demand across paper board products cartonboard group Mayr-Melnhof decided significantly reduce planned multiannual strategic investment project at MM Kwidzyn relating energy further pulp integration product range which was announced end of April 2023. Instead will focus its investments on increasing already high share renewable energy currently 69 % even further. In addition company has entered in consultations with trade unions work council a potential closure small packaging kraft machine PM 3 reorganisation may include collective dismissal around 110 employees.Mayr-Melnhof: performance: -3.62% Andritz: Brazilian producer Suzano

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