Production halted at two mills in France, regional media report.
Following the receivership proceedings opened in France at the request of Arjowiggins and some of its subsidiaries, the boards of Directors of some of Arjowiggins' companies in the UK have decided to file notices of appointment of an Administrator for the following companies: AW UK Holdings Ltd, Arjo Wiggins Fine Papers Ltd, ArjoWiggins Chartham Ltd, Arjowiggins Sourcing Ltd, Arjobex Ltd and Performance Papers Ltd. These companies operate the mills of Stoneywood, Chartham and Clacton.
Under the aegis of Administrators, these procedures will help support the measures undertaken to find buyers for Arjowiggins' businesses, parent company Sequana said in a press release.
This is an excerpt of our report on Sequana and Arjowiggins. Find the full article in EUWID Pulp and Paper issue no 03/2019, which will be available to our e-paper and print subscribers as of 16 January.