Packaging and label paper maker Feldmuehle has completed the restructuring process that began in 2018, and appointed a new CFO, Bernd Weber.
In addition to various structural process improvements, the extensive restructuring measures have also significantly strengthened Feldmuehle’s financial resilience to external unplanned incidents – such as Covid-19 – said the company.
The management of Feldmuehle – led by managing directors Heiner Kayser and Steffen Liebich – said it expects latent consolidation pressure in the market in the medium to long term, with increasing pressure to innovate on the product side. It said it has now aligned its strategic business planning accordingly.
