High energy costs and weak demand force closure of Germany's recycled graphic and packaging paper company Kübler & Niethammer Papierfabrik Kriebstein.
German recycled graphic and packaging paper manufacturer Kübler & Niethammer Papierfabrik Kriebstein (K&N Paper) will cease paper production and close the paper mill in Kriebstein. Negotiations are currently underway with the works council on a reconciliation of interests.
In a statement on the closure of the Kriebstein paper mill the company blamed its decison on high energy costs and weak demand. Due to the multiple increase in energy costs since 2021, the mill was no longer able to compete on international markets. In addition, demand on the market for graphic and packaging papers has been extremely weak for months, the statement says.
The management is currently holding talks with a potential investor who could take over individual parts of the company and thus at least some of the employees, EUWID has learned.
Germany's Schönfelder Group, through its subsidiary Fesco Papier, had taken over K&N Paper out of insolvency in 2020. At the Kriebstein mil, the company produced coated and uncoated recycled graphic papers, recycled label papers and brown recycled packaging (kraft) papers for bags, pouches and wrapping applications.