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MWV AGI Media to close favility in the Netherlands

Friday, December 12, 2008

Press release from the issuing company

Uden, The Netherlands [11 December 2008] – MWV AGI Media today announced plans to close its Uden facility in the Netherlands. The Uden plant manufactures paper-based packaging for the media and entertainment industry. The facility is expected to discontinue operations by February 2009.

Some production will transfer to other MWV AGI Media plants, and the company’s capacity to meet customers’ needs will not be affected. Closure of the Uden facility will optimize the company’s operations and resources, enabling MWV AGI to more efficiently serve its media customers around the world.

“The decision to close the Uden facility is a difficult but necessary one,” said Steve Scherger, president MWV AGI Media. “In order to remain competitive and positioned for long-term growth, we must take steps that will deliver cost and operational efficiencies.”

The Works Council at Uden has been fully involved in the plan and the necessary redundancy programme, which is compliant with Dutch law. The Uden facility employs approximately 60 people.

 

 

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