August 2, 2024
(press release)
–
The Jagenberg Group is responding to the ongoing crisis in the global paper industry by discontinuing the business activities of Jagenberg Paper GmbH as of July 31, 2024. The reason for this is the persistently poor market situation in the paper industry, the corresponding business situation of Jagenberg Paper GmbH and an unforeseeable recovery in incoming orders for winders, sheeters and calenders in the short and medium term. "The paper industry has been in a difficult situation for some time now. Persistently high prices for raw materials, energy and cost-intensive environmental standards as well as a significant drop in demand for graphic paper for newspapers, books or brochures are taking their toll," summarizes Jagenberg AG Executive Board member Dr. Stephan Witt. "Even after focusing on the retrofit sector, the business was not profitable. We therefore feel compelled to reduce operations further and to discontinue them in their current form by the middle of the year. Existing orders and obligations will of course be fulfilled." The companies of the Jagenberg Group will continue to be available as partners for role-to-role processes. Even after closure, customers of Jagenberg Paper GmbH will have continued access to a wide range of products and services offered by Group companies. The company Lebbing automation & drives GmbH, Bocholt (Konrad-Zuse-Straße 16, 46397 Bocholt) was and is responsible for tasks and projects in the field of control technology within the Jagenberg Group and will be happy to be available in future as a direct contact with many years of experience in the paper industry (Mr. Guido Lebbing is responsible in the management).
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