Another paper mill goes bankrupt...

 Another sad piece of news for the paper industry...

Crown Van Gelder is a paper mill based in Velsen, Holland. They are best known for high-speed inkjet papers and recently added paper made from sugar beet fibres to its portfolio, which they came to discuss with us last year.

The independent paper mill operates runs two paper machines producing around 180,000 tonnes of paper per year and they employ over 250 people.

In line with other recent business failures, the management blames increased costs in energy and raw materials. 

I am writing about this, not to be a 'doom-monger' but just to make the readers of this blog aware of the situation in the paper and print industry, which is a global phenomenon. Last year I wrote about the paper supply crisis and about the way the energy crisis was affecting the paper market and about the sad demise of UK papermaker Arjo Wiggins in September.

You can read the full Printweek article here...

https://www.printweek.com/News/article/crown-van-gelder-declared-bankrupt

Posted by Justin Hobson 27.01.2023

NEWS UPDATE 10.02.23

CVG has been rescued! which is excellent news. Read more here...

https://www.printweek.com/news/article/crown-van-gelder-rescued-after-stunning-support

https://www.printweek.com/news/article/cvg-reveals-identity-of-buyer