Papierfabrik Walsum is hoping for a quick decision in the current talks about the future of the site.
Preliminary insolvency administrator Andreas Röpke from the law firm hrm Henneke Röpke Rechtsanwälte in Duisburg, Germany is conducting promising negotiations with a potential investor, EUWID has learnt.
This investor reportedly has other plans than previous interested parties. There is talk of establishing a new fibres segment as a second pillar, in addition to LWC production, in the portfolio of the former Norske Skog mill for coated magazine and catalogue paper. Contrary to industry speculation that Walsum might be switched over to production of packaging paper, the prospective investor would instead focus on raw materials for various paper products.
The local court in Duisburg opened preliminary insolvency proceedings for Papierfabrik Walsum GmbH on 15 March 2016. Previously, Green Elephant had purchased the company out of insolvency as of 19 February 2016, but then quickly faced a shortage of operating capital. The paper machine is currently running.