NOVOLEGNO ITALY: the painful decision to cease the productive activity of the factory

18 March 2019

NOVOLEGNO ITALY: the painful decision to cease the productive activity of the factory

Avellino/Italy, 9th March 2019. During the meeting in Confindustria, the managing adviser of Novolegno spa, Mr. Giorgio Barzazi, confirmed to the OO.SS. and to the Company House, the painful decision to cease the productive activity of the plant.

The industrial initiative of Novolegno Spa (owned by Fantoni Group), which arose 39 years ago and currently employs 117 people, specializes in the production of MDF panels for fruit and vegetable packaging but currently no longer has the economic and market conditions for continue the business.
After a gradual but inexorable change in distribution methods, in particular by the large-scale retail trade, the economic conditions that had led to the decision to settle in Irpinia have been missing for years, in a phase in which the availability of local raw materials constituted the fundamental prerequisite for the production of MDF panels, a condition that had already disappeared in the mid-1990s. The local timber was in fact diverted to biomass energy plants.  The important investments made to differentiate production and to use more competitive raw materials such as recycled wood have not given the desired results due to the progressive deterioration of the packaging market, where other materials, such as cardboard and plastic, have been privileged. While understanding the gravity of the impact that this decision determines for its employees, their families and the many external collaborators, during the meeting it was expressed the impossibility of further delaying this decision in the light of the irreversibility of the situation of market.

About Fantoni Group
The Fantoni Group (a company founded by Achille Fantoni in 1882) is a leader in the production of office furniture, partition walls and equipped, MDF and chipboard panels, laminate floors and sound-absorbing panels. All phases of the production process are carried out by the network of companies that make up the Group and work synergistically for product development: from the production of materials and semi-finished products, to the design of innovative office furniture systems inspired by the most current principles of wellness and design. The Fantoni Group independently produces resins, impregnates paper for its panels Melamine Faced Chipboard and, thanks to hydroelectric power plants and cogeneration plants, contributes significantly to its energy needs. Awarded from ADI in 1998 with the "Compasso d'Oro Career" award for primary design, the Fantoni Group has become a reference point in its sector, thanks to the intense activity of the Research Center: workshops, conferences and publications are examples of a commitment that make it a nerve center for experimentation and research. Since 1882, architecture, research and total design have driven company growth and the development of increasingly innovative products at the service of personal well-being.

For more information contact Mrs Rosita Venturini:
Fantoni Group Spa
Via Europa Unita 1
I-33010 Osoppo / Udine / Italy
Ph. +39 0432 976282