Biella announces stable sales and restructuring update
| 06 September, 2018
Biella Group, Europe’s largest manufacturer of folders and ring binders, has reported that sales were stable during the first half of 2018.
Biella also announced that its restructuring, including site closures in Poland and the Netherlands was progressing as planned. While sales were slightly up on last year, restructuring costs hit profits.
Biella previously announced extensive restructuring measures with the closure of its plant in Szydlowiec (Poland) and sales subsidiaries in Warsaw and Hoorn (the Netherlands). This will concentrate production and sales for Europe, outside of Switzerland, at Biella-Falken in Peitz, Germany.