Receive our newsletter – data, insights and analysis delivered to you
  1. News
December 10, 2018

Feldmuehle to realign operations for speciality papers production

German paper-based packaging firm Feldmuehle is planning to restructure its operations by focusing on wet and alkali resistant label papers as well as flexible packaging papers production.

German paper-based packaging firm Feldmuehle is planning to restructure its operations by focusing on wet and alkali resistant label papers as well as flexible packaging papers production.

The company’s latest move follows the approval of the Pinneberg local court for insolvency proceedings filed on 19 November under the company’s own administration.

The German packaging firm has also appointed Dr Dietmar Penzlin of Schmidt- Jortzig Petersen Penzlin Insolvenzverwaltung Partnerschaft von Rechtsanwälten as provisional administrator.

Feldmuehle believes that the restructuring will help the firm to enhance profitability and achieve sustainable competitiveness.

The company has discontinued graphic papers production and shut down the paper machine 2 at the plant.

As part of the restructuring, Feldmuehle is also planning to reduce its workforce to around 180 employees and assist employees affected by this decision in moving to a transfer company.

Content from our partners
GMP: The food sector’s golden rules (and how they will evolve)
Food fraud in the supply chain (and how to fix it)
Cutting-edge innovation in fish packaging
“Restructuring will help the firm to enhance profitability and achieve sustainable competitiveness.”

Feldmuehle is part of a subsidiary of the Berlin-based Beteiligungsgesellschaft Kairos Industries.

The company offers white-coated label papers and packaging papers to customers in German and international markets.

Its product portfolio features label paper, flexible packaging paper, graphic kraftliner, SBS board and coated fine paper to serve label and packaging industry, printing houses, brand owners and converters.

Feldmuehle currently employs around 400 employees in Uetersen near Hamburg, and produces around 250,000t of paper annually.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The packaging industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU