Closure of Penig Paper Mill: A Historic Loss
The Felix Schoeller company has announced the closure of its Penig paper mill, a historic landmark with 119 employees. The decision stems from persistent economic weakness and intensified competitive pressure, according to company CEO Christoph Gallenkamp.
A Legacy Unfolding
Penig’s paper-making heritage dates back to 1537, making it Germany’s oldest still-operating paper mill. Acquired by Felix Schoeller in 1991, it has been producing decorative paper for furniture and interior design. With the closure, production will be shifted to other locations.
Economic Pressures and Strategic Shifts
The company attributes the closure to an adverse economic climate and increasing market pressure. Felix Schoeller’s Osnabrück headquarters will remain operational, while its Weißenborn plant in Mittelsachsen will undergo a strategic realignment.
A New Focus in Weißenborn
Weißenborn’s product portfolio will be tailored to core competencies and high-value segments, with a focus on profitable and sustainable products. Photographic papers will continue to play a central role. Up to 210 jobs in various locations, primarily Weißenborn, will be affected by the restructuring.
Social Responsibility and Future Prospects
Felix Schoeller emphasizes social responsibility in the implementation process. Employees will be offered the opportunity to relocate or commute to the company’s plants in the Black Forest or Allgäu. "Our goal is to develop socially acceptable solutions together with our employees and the works council," said company CEO Hans-Christoph Gallenkamp.
Strengthening Weißenborn’s Future
The portfolio adjustment is a strategic move to enhance the competitiveness and long-term viability of the Weißenborn site. Felix Schoeller aims to leverage its core strengths and deliver value to its global customers.
A Changing Landscape
The closure of Penig paper mill marks a shift in the German paper industry. Historic sites are increasingly facing the pressures of economic headwinds and evolving market demands. Felix Schoeller’s strategic realignment reflects the industry’s need to adapt and innovate in order to remain competitive.
Conclusion
The closure of Penig paper mill is a poignant chapter in the history of German industry. While it signifies the end of a venerable institution, it also highlights the ongoing challenges and opportunities faced by businesses in a rapidly changing economic landscape. Felix Schoeller’s strategic shifts aim to secure the company’s future and ensure the long-term prosperity of its Weißenborn plant.
