MAYEN, Germany, September 17, 2021-

Ontex (Euronext: ONTEX) (BSE:ONTEX) today announced that manufacturing at its plant in Mayen (Germany) will be gradually phased out by mid-2022. Mayen will become an excellence center for Global Process Engineering, Global Product Technology and Market Adaptation Baby Care, and thereby will be instrumental to bring innovations faster to our consumers.

To return to profitable growth, Ontex is conducting a worldwide business review, including a focus on the most efficient use of production assets. Production in Mayen is being wound down due to the impacts of legacy contract losses and softer market trends on revenue.

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