Paper

Paper merchanting group Antalis has posted its year-end results, with a perfect storm of Brexit uncertainty, currency fluctuations and declining paper volumes heavily impacting profitability.

The Arjowiggins site in Bessé-sur-Braye will go into liquidation, leading to the loss of 580 jobs, while a sale has been agreed for the Château-Thierry plant alongside a partial sale of the Bourray...

Igepa has moved the production of woodfree coated paper grade Heaven 42 to Sappi.

Arjowiggins staff at the paper manufacturer’s French plants continue to await a decision on the sale of the business, as the court delays its decision once again.

Administrators at the Arjowiggins UK operations are working with a preferred bidder for a large part of the business and hope to conclude a deal next month.

Antalis is “driving the process” of selling on major shareholder Sequana’s shares as the paper group files for bankruptcy and long-time supplier Arjowiggins goes into administration.

Sequana’s safeguarding procedure has been converted into bankruptcy as the Commercial Court of Nanterre has passed down its decision.

Arjowiggins is handing over weekly payments to keep the lights on at its UK mills to offset a £1.2m debt to its energy provider, according to documents filed by the administrators that also highlight...

Employees at the French Arjowiggins sites in administration have agreed to accept an improved offer put forward by Lessebo.

Stora Enso is consulting with employees over revised plans to convert Oulu Mill to packaging board. The latest proposal would involve shutting one of the site’s paper machines with the potential loss...