Neumarkt – Due to market overcapacity for raw particleboard and raw MDF, the management of Pfleiderer Holzwerkstoffe GmbH, a subsidiary of SDAX-listed Pfleiderer AG, has commenced discussions with the respective employee councils concerning the closure of the particleboard plant in Ebersdorf and the
MDF plant in Nidda. Approximately 300 employees will be affected by these closures.

“As a result of the fall in demand in recent years, Western Europe will have structural overcapacity in the medium term of between ten and 15 percent of the currently installed production capacities. In the present situation, therefore, competitive production and capacity utilization are no longer guaranteed,” stated Michael Wolff, Managing Director of Pfleiderer’s Business Center Western Europe. “The market situation is being exacerbated by the increasing scarcity and rising price of wood as well as the foreseeable increase in energy costs over the coming years.”

The management today is informing the employees at the Ebersdorf and Nidda plants about the start of negotiations.

About Pfleiderer:

SDAX-listed Pfleiderer AG (ISIN DE 0006764749) is one of the world’s leading producers of engineered wood. The company employs approximately 5,600 people and operates 22 sites in North America, Western and Eastern Europe producing engineered wood, surface finished products and laminate flooring.
Pfleiderer is a preferred partner of the furniture industry, specialist and home improvement stores, and interior design suppliers. In fiscal year 2009,

SOURCE: Pfleiderer AG

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