Feldmuehle has implemented all necessary steps to maintain business operations during the preliminary proceedings.
The insolvency proceedings under self-administration will commence as planned. As in the preliminary self-administration proceedings, the management will continue to be responsible for all operational processes, including financial management, under the supervision of the court-appointed administrator Andreas Romey.
In recent weeks, management has reached reliable agreements with its stakeholders, including energy suppliers, insurance companies, suppliers of raw and auxiliary materials, and service providers. Just-in-time delivery is running smoothly, enabling us to continue to fulfil our customer orders on time and with the usual high quality.
In parallel with operational stabilisation, Feldmuehle is working intensively on cost reduction and structural realignment of the company.
Feldmuehle is currently carrying out maintenance work on the technical equipment and infrastructure, and the Company will restart production as planned.
Feldmuehle is a German manufacturer of coated label papers and flexible packaging papers.
