KaMin LLC
04.07.2012 00:25
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MACON, Ga., 2012-07-04 00:25 CEST (GLOBE NEWSWIRE) --
Effective July 2, 2012, CADAM S.A., a leading producer of fine particle kaolin
to the global paper market, will restructure its operations in Brazil. CADAM's
restructuring will realign the production at the facility with the decreased
demand for kaolin, which has been negatively impacted by the decline in fine
printing and writing paper end-use segments. These segments have declined in
large part due to the increase in electronic media.
This restructuring will right-size CADAM's operations in order to create a
long-term sustainable business model. This restructuring will lead to a
reduction in workforce and will enable CADAM to streamline operations so it can
flex its resources to match its demand.
Ernest Gay, CADAM's General Manager, states, 'This was a difficult decision,
but one that is needed in order for CADAM to continue to supply high quality
clay to our customers while maintaining a long-term sustainable business
model.'
ABOUT KAMIN LLC AND CADAM S.A.
KaMin LLC is a leading producer of kaolin to a global customer base from its
operations in Georgia. CADAM S.A. is a leading producer of fine particle kaolin
with operations located in the Amazon region of Brazil. CADAM also has offices
and warehouses in Antwerp, Belgium and Shanghai, China. KaMin LLC purchased a
majority ownership position in CADAM in May 2012.
The KaMin LLC logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=12144
CONTACT: Ernest Gay
55 91 9180 1297
News Source: NASDAQ OMX
04.07.2012 Dissemination of a Corporate News, transmitted by DGAP -
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The issuer is solely responsible for the content of this announcement.
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Language: English
Company: KaMin LLC
United States
Phone:
Fax:
E-mail:
Internet:
ISIN: US9901810260
WKN:
End of Announcement DGAP News-Service
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DGAP-News: KaMin LLC Announces CADAM S.A. Restructure
| Source: EQS Group AG