GHP Glunz Holzwerkstoffproduktions - GmbH (“GHP”) intends to cease all operations at its Horn Bad Meinberg site in Germany by the end of 2020. GHP is a subsidiary of Sonae Arauco, the joint venture between Sonae Indústria and Arauco, and has 106 employees. GHP’s main businesses are the production and sales of laminates, the production of worktops and the operation of a powerplant. According with the agreement entered into with Arauco in relation to Sonae Arauco, the Laminates and worktops business are the responsibility of Sonae Indústria. GHP’s powerplant ...
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