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Lecta Group Proposed Recapitalization – Implementation Agreement

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Lecta Group Proposed Recapitalization Implementation Agreement

08/06/2020 15:40

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Agreement Reached to Close Torraspapel Mill in Sarrià de Ter		<p></p><p style="font-weight:900;"><strong></strong></p><p style="text-align:justify;"><strong>73 of the 132 employees will be relocated to other Group mills and production will be redistributed mainly between the Zaragoza and Motril sites</strong></p><p style="text-align:justify;">After a process of negotiation and dialogue with employee representatives to study the viability or closure of Torraspapel's mill in Sarrià de Ter (Girona, Spain), on June 30th the company and employees reached an agreement that will result in the closure of the plant, relocating 73 of the 132 employees to other Group manufacturing sites in Spain.</p><p style="text-align:justify;">Current production at Sarrià de Ter, approximately 67,000 tons of base paper and uncoated specialty papers, will be relocated to other Group mills, primarily to the Zaragoza and Motril plants, resulting in a reduction of coated woodfree paper production capacity at these mills.</p><p style="text-align:justify;">The paper industry has been experiencing very difficult conditions, with a permanent drop in demand. In addition to the decline in sales, Sarrià de Ter has been affected by the impact of changes in the legislative framework for the electricity industry in recent years.</p><p style="text-align:justify;">The gradual closure of Torraspapel's mill in Sarrià de Ter will take place over the next few months.</p>	30/06/2014 22:00:00		https://www.lecta.com/it/news/Pagine/Agreement-Reached-to-Close-Torraspapel-Mill-in-Sarria-de-Ter.aspx	Agreement Reached to Close Torraspapel Mill in Sarrià de Ter
Alain Gaudré nominato nuovo CFO di Lecta		<p><br></p><p><strong>Lecta ha nominato Alain Gaudré nuovo CFO di Lecta. A partire dal 26 ottobre riporterà a Eduardo Querol, CEO di Lecta. Alain Gaudré verrà anche nominato membro aggiuntivo del Consiglio di Amministrazione di Lecta Ltd. </strong></p><p>Alain Gaudré ha lavorato come CFO in diversi settori, compresi quello automobilistico e del packaging, maturando anni di esperienza sia in ambito internazionale che industriale.</p><p>Eduardo Querol ha dichiarato: "Sono molto lieto di dare il benvenuto ad Alain in Lecta. Il suo background e vasta esperienza apporteranno valore aggiunto al nostro team".</p><p>Alain Gaudré ha conseguito una laurea presso la Sup de Co Reims Business School e un Master in finanza internazionale presso l'Institut de Haute Finance (IHFI).</p><div> <br> </div><div><br></div> <br>	29/10/2020 09:00:00		https://www.lecta.com/it/news/Pagine/Alain-Gaudre-Appointed-New-Lecta-CFO.aspx	Alain Gaudré nominato nuovo CFO di Lecta