After being sold, closed an re-opened several times in the past few years Souche Papers has been placed in liquidation for a second time
The commercial court of Epinal in Eastern France put Souche Papers in liquidation on 11 September after the mill had run into financial problems again. A spokesperson of the commercial court confirmed that the company was to be liquidated while it is allowed to continue production until 14 September. Further decisions are to be taken by the liquidator in the immediate future, the spokesperson said.
Souche Papers had been placed in receivership on 24 July this year and given a six-month observation period. The company, previously Papeteries du Souche, was taken over by employees at the end of March 2011 after it had been liquidated a first time in December 2010. Before it was owned by Green Recovery who took it over in April 2007 from French label manufacturer Adapack. Owing to financial difficulties the company had previously been in insolvency proceedings since December 2006.
Souche Papers runs a mill in Anould in the east of France producing label paper, poster paper and specialty packaging paper. It has a design capacity of around 65,000 tpy, however, the mill has not been producing at full capacity for a while now. Souche Papers employs a total of 114 people.
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