KaMin LLC Announces CADAM S.A. Restructure

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KaMin LLC

Jul. 04, 2012 08:59

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MACON, GA.--(Korea 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.

Website: http://www.kaminllc.com

Contact

Ernest Gay
55 91 9180 1297

This news is a press release provided by KaMin LLC. Korea Newswire follows these editorial guidelines.

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