EQS-Adhoc: HOCHDORF Holding AG: Change of direction for Uckermärker Milch GmbH
HOCHDORF Group Press Release: Change of direction for Uckermärker Milch GmbH
Uckermärker Milch to reposition itself on the marketHochdorf, 4 July 2017 - The German company Uckermärker Milch GmbH, which is part of the HOCHDORF Group, is to concentrate on high-value products and markets in the future, further extending its market position with butter, buttermilk and refined milk powders. It plans to stop curd production at the end of October.
Uckermärker Milch GmbH, which is based in Germany and belongs to the HOCHDORF Group, is to reposition itself on the market. "We want to concentrate on high-value products and markets in the future and extend our market position with butter, buttermilk and refined milk powders," HOCHDORF CEO Dr Thomas Eisenring announced. HOCHDORF plans to target investment in new production technologies for high value-added products to consolidate the company's position in the market.
As a result of this realignment Uckermärker Milch GmbH plans to stop its curd production by 31 October 2017. Changes in the market mean it is no longer a profitable operation.
Expiring, temporary contracts and natural fluctuation should mean there will be very few redundancies. All permanent full-time members of staff will be transferred to ongoing production areas.
Additional features:Document: http://n.eqs.com/c/fncls.ssp?u=XAKRVUJGHDDocument title: Change of direction for Uckermärker Milch GmbHEnd of ad hoc announcement
Information and Explanation of the Issuer to this News:
The HOCHDORF Group, based in Hochdorf, achieved a consolidated gross sales revenue of CHF 551.5 million in 2016. It is one of the leading foodstuff companies in Switzerland, employing 630 staff as of 31.12.2016. Made from natural ingredients such as milk, wheat germ and oil seeds, HOCHDORF products have been contributing to our health and wellbeing since 1895 - from babies to senior citizens. Its customers include the food industry and the wholesale and retail sectors. Its products are sold in over 90 countries. The shares are traded on the SIX Swiss Exchange in Zurich (ISIN CH0024666528).Language: English
Company: HOCHDORF Holding AG Siedereistrasse 9 6281 Hochdorf
Switzerland Phone: +41 41 914 65 65 Fax: +41 41 914 66 66 E-mail: firstname.lastname@example.org Internet: www.hochdorf.com ISIN: CH0024666528 Listed: SIX Swiss Exchange End of Announcement EQS Group News Service
589271 04-Jul-2017 CET/CEST