The company is waiting for a decision on financial help for energy costs.

Against the background of the declining market for woodfree coated papers and high cost pressure, fine paper producer Lecta is considering converting a paper machine at its French Condat mill. The company said that there are plans to convert one of the machines to specialty paper. The company made these plans public at a special meeting of the works council on 25 January, following discussions with employee representatives and in the French regional press.

According to reports in the regional media, the company said that it is not in a position to make larger investments without support. The cost of converting one of the machines is said to be around €48 million. Last December, the Ministry of Economics in France allegedly said that it would support Lecta to bear the high energy costs in France. However, the European Commission still had to give its approval before the measure could be implemented, according to various media reports.

Source: euwid-paper.com