Stationery Giant Faces Toner Factory Closure

The stationery giant Pelikan’s toner powder factory in Switzerland may close, since the parent company sells 25 million shares to Singapore investors, reports the Recycler.

As was revealed, unfavorable currency developments, changing market conditions and overcapacity of toner production may be the major reason for the possible closure of the plant which provides toner for the refilling and remanufacturing industry in Europe.

Also, according to Asia One, Singapore-based investor group Caprice Capital International has purchased 25 million shares in Pelikan International, amounting to approximately 4.5% of the company’s share base, with each share worth $0.34.