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K&N Paper Files for Insolvency

Saxony, Germany 09 March 2017 -- Production of recycled LWC and white-top coated testliner at Kübler & Niethammer Papierfabrik Kriebstein continues. Diversification towards label paper comes to a halt.

On 24 February 2017, the Chemnitz District Court has opened preliminary insolvency proceedings upon the German recycled magazine and packaging paper manufacturer, Kübler & Niethammer Papierfabrik Kriebstein (K&N Paper). Production operations at the mill, e.g. production of recycled lightweight coated (LWC) magazine paper and white-top coated testliner are continuing and customers' supplies are reportedly not affected. However, the company's diversification process towards label paper has come to a halt due to financial issues.

K&N Paper employs 130 people at the mill in Kriebstein. The company runs one paper machine with a total capacity of 115,000 tpy of recycled LWC and white-top coated testliner.

Last September, K&N Paper and five private investors have taken over the former Stora Enso Kabel LWC paper mill in Germany and renamed the company to Kabel Premium Pulp & Paper. According to information from the preliminary administrator's office, Kabel Premium Pulp & Paper is not affected by the insolvency proceedings of K&N Paper.


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