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Vipap Videm in compulsory settlement proceedings, paper mill restarts production in December


Production at Vipap Videm Krško mill
was restarted after five months of standstill.
14 Dec 2021 − 

Insolvency administrator and the mill's new management could present the business and debt settlement plan at the end of January or February, according to media reports.

Slovenia's publication and packaging paper manufacturer Vipap Videm Krško is currently running through compulsory settlement proceedings. The mill's largest creditor, the Czech company Vipap CZ filed the action for enforcement with the competent court in Krško last September and the insolvency proceedings were officially opened on 3 November.

At the start of December Vipap CZ reported that Vipap Videm was "now entering a crucial part of the compulsory settlement process with its creditors." This process, which began in September had allowed the company "to go through debt restructuring and a review of of operating costs", and to ready itself for the restart of production with a new product portfolio, Vipap CZ announced.

According to media reports, Vipap Videm resumed production of publication paper on one paper machine at the start of December. Packaging paper production on a second PM followed a couple of days later.

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