Papeterie Raon liquidated

02 Mar 2018 − 

After being in receivership for some time, Papeterie Raon has now been placed in liquidation. The mill used to produce specialty packaging paper such as paper bags.

French company Papeterie Raon is being liquidated. A spokesperson of French trade union Force Ouvrière told EUWID that the manufacturer of specialty packaging paper was placed under liquidation by the commercial court of Raon l'Étape on 13 February. Papeterie Raon - a subsidiary of Italian paper maker Cartiera di Galliera - had been under receivership since 17 October last year. Production at the mill had been stopped on 25 January this year, the spokesperson said.

Papeterie Raon is a producer of specialty paper for packaging applications, especially for food packaging The portfolio included, amongst others, Mc Donald's takeout bags, bakery bags and paper tablecloths. The mill operated two paper machines which, according to earlier reports from Cartiera di Galliera, have a combined capacity of 50,000 tpy. The site had 67 employees, which are now being laid-off.

The spokesperson explained that the orders situation was not the problem the paper mill was facing. The order books had been nicely filled, he said. However, the company had been in financial difficulties and did not have the necessary financial means to invest in machine maintenance and therefore to keep production up and running, the spokesperson added. As a result, production was stopped in January due to lack of raw material. The mill has reportedly also accumulated debts.

This is not the first time that Papeterie Raon was threatened by closure. In October 2014, Cartiera di Galliera took over the company that was in receivership at that time. Since then, the Italian parent company had invested around €2m in the French mill, said the spokesperson, adding that another €1m would have been necessary.

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