Cham Approves Development of Papieri Site
OREANDA-NEWS. On occasion of the public voting on September 25, 2016, the Cham voters approved both proposals for the development of the Papieri site (partial change of building legislation and zoning plan with 63% yes-votes as well as development plan with 57% yes-votes). With this, the general public has created the prerequisite to create a new, mixed residential and working district on the site of the former paper factory. For the development plan and rezoning to take legal effect, the approval of the Zug Cantonal council is still required. The Cham Paper Group is a leading manufacturer of coated speciality papers. Surface finishing lends papers properties that generate value added for its customers. The company, which was founded in 1657, has three sites, one in Switzerland (Cham) and two in Italy (Carmignano and Condino), and a global sales network.
The decision to focus on development and sales and discontinue paper manufacturing in Switzerland has made way for a new project on the factory site in the centre of Cham. The Cham Paper Group is developing an eleven- hectare quarter there called the Papieri site.
The Cham Paper Group (stock exchange symbol: CPGN) is listed on Switzerland's SIX Swiss Exchange.
The company gives no undertaking whatever to update such statements regarding the future, or to adapt them to future events or developments.