NEWS

Arctic Paper Mochenwangen in talks with potential buyers

Thursday, Aug 13, 2015

Arctic Paper's efforts to sell ist German Mochenwangen mill are proceeding. The company is negotiating with two potential investors. However, a closure of the site is still possible.

Arctic Paper is in talks with two potential buyers for its German Mochenwangen paper mill. The company announced at the end of July that it intended to sell the site. Talks were quite concrete and were currently only held with the two potential investors, said Lothar Burchardt, managing director of the mill, adding that several other investors, including companies from the financing sector, were also interested in acquiring the site.

The investors involved in the talks are companies which are "not completely new to the paper industry", according to Mr Burchardt. Further information on the status quo of the mill may be announced at the end of August, according to the company.

In spite of ongoing talks, Artic Paper does not completely rule out a closure of the Mochenwangen mill. In the first week of August, the company started negotiations on a social plan with the works council and trade unions as a precautionary measure.

Production at the site is currently running as normal, due also to the fact that operating loads are healthy compared with those of previous summers, according to Mr Burchardt.

 

euwid-paper.com

Other News