Cost Reduction Plans on Course After Union Agreement

Source from:  Tobacco Reporter 10/14/2011

The Treofan Group, a global leader in high-end BOPP films, said yesterday that it would continue to focus on its cost-reduction strategy in what it described as 'this challenging market environment'. The company made its announcement after having reached a multi-year agreement with its Works Council and Union on a number of issues. 'Treofan will further develop the Neunkirchen site in Germany, adding an additional line for Treo-Pore® products,' the company said in a press note. 'These high-end membrane films are utilized by several types of energy storage and transmission devices. 'Treofan is fully committed to delivering the best value to its customers and will continue to improve its competitive position in the market with the support of its Works Council, Union (IGBCE) and the Chemical Industry Employers' Association (BAVC).' Enditem