Decor paper capacities in China for the Felix Schoeller Group

With effect from January 1st, 2019, the Chinese joint venture of the Felix Schoeller Group, Winbon Schoeller New Materials, is the majority shareholder of the Chinese decor paper producer Grandrich. Grandrich is now trading under the name Winbon Technocell New Materials Co., Ltd. With this acquisition, the Felix Schoeller Group is securing production in the world's largest growth market for decor papers, thus further expanding its international presence and strategic position. The acquisition of a majority stake in Winbon Technocell through the Chinese joint venture is another important