US EditionFeldmuehle Files for Insolvency
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3 Articles
Feldmuehle files for insolvency
Feldmuehle, a German supplier of papers for labels and packaging, has been affected this year by increased energy costs and procurement prices for raw materials. Management implemented measures to increase operating profitability. Despite these efforts, the rising variable costs could not be offset by implemented price increases, partly due to the company's lower-than-expected revenues. Management has decided to carry out necessary reorganizatio…
After the paper factory in Tornesch, the Uetersen paper factory in Feldmuehle also caught it. The company with around 200 employees applied for insolvency in self-administration. The insolvency administrator assesses the chances of our editorial office.
Renovation plan is controlled by Hamburger Jurist. When the production is to start again.
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