Recycled paper manufacturer Kübler & Niethammer enters insolvency proceedings

K&N Paper filed for insolvency for the second time in two years.
22 Jan 2020 − 

Germany's K&N Paper has run into financial difficulties once again. The company employs some 130 people.

The recycled paper manufacturer Kübler & Niethammer Papierfabrik Kriebstein AG (K&N Paper) is facing financial difficulties and filed for insolvency once again. The local court in Chemnitz has ordered the provisional insolvency proceedings upon the company on 17 January, and appointed a provisional administrator.

K&N Paper runs one paper machine at the Kribestein site. Production operations are to be continued, EUWID was told.

K&N Paper is producing recycled paper for printing and writing applications such as coated magazine paper (LWC), improved newsprint, and recycled offset paper. The company has also invested in the production of recycled label paper.

K&N Paper emerged from insolvency proceedings in late April 2018 to become part of the Premium Pulp and Paper group, together with Kabel Premium Pulp & Paper (KPPP).

KPPP is not affected by the insolvency proceedings at the affiliated company K&N Paper, the company stressed. There were no binding business relations between the two paper manufacturers. There were only overlaps in respect of the owners of the two companies, it said.

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