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Recovered paper exporter Winfibre closes European site

31 Oct 2019 − 

The China situation is leaving its mark on the recovered paper markets and the market environment is changing. After ACN, Winfibre has now also announced a closure in Rotterdam.

Recovered paper purchaser Winfibre - formerly known as Mark Lyndon - is closing its Rotterdam site today. The company, which employed around 25 employees, was in charge of supplying raw material to Chinese papermaker Lee & Man and procured recovered paper all over Europe. Winfibre's offices in the UK and USA will remain operational, a company spokesman told EUWID.

Closure of the site has been in the air in recent months, a former Winfibre employee explained to EUWID. And it is not the only company that is reacting to the changing market environment: ACN, the recovered paper procurement company of Nine Dragons, has recently also closed down its office in Rotterdam.

The measures are indicative of the current status of recovered paper exports to China. Ever since China drastically tightened import regulations for various wastes, recovered paper inflow into the country has been declining noticeably. As late as in 2017, the People's Republic imported around 25 million t of recovered paper from all over the world. The figure dipped in 2018 to just 17 million t.

Read the whole article in EUWID Pulp and Paper no. 45/2019, which will be available from 6 November.

To gain full access to company news and in-depth market and price reports on major paper and board grades, raw materials and consumables consider subscribing to EUWID Pulp and Paper or start a three-week free trial.

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