Scheufelen files for insolvency again

Grass paper bakery pouch; Copyright Scheufelen
21 Feb 2019 − 

Grass paper sales slower than expected, company says

Although the signals were still positive at the beginning of the year German paper producer Scheufelen again filed for insolvency proceedings on 20 February. In an interview with EUWID, the company was optimistic that production could be continued at the site, where the company employs 100 people.

In the past 24 months Scheufelen had focused on the production of grass paper for use in the packaging industry. Companies and investors see a potential in grass paper especially against the background of the current trend of avoiding plastics in packaging. However, sales in the markets for trays, bags and cartons developed more slowly during this period than had been expected. As a consequence, Scheufelen did not get out of the loss-making phase in time. In addition, high fixed costs have additionally burdened the company, the company told EUWID.

 Although further money had been made available by investors - and with new investors in the boat - several times, the current step could not be avoided. Due to the proceedings initiated, production is currently at a standstill.

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