Founded in 1904, the company has approximately 420 employees and produces around 250,000 tonnes of paper a year at its paper mill just west of Hamburg. Its products are used worldwide, mainly for the production of classic print products and in the packaging industry.
“Business operations will continue unimpeded. This goes for production as well as purchasing, sales, marketing and logistics,” says Tjark Thies. Heiner Kayser, MD-Feldmuehle Uetersen. “Our customers can count on continuing to receive on-time deliveries,” and adds that suppliers can rest assured that they will receive their money when new orders are placed.
Employees will continue to be paid for their work: through the end of March 2018, their salaries will be covered by the Federal Employment Agency’s insolvency allowance.
Tjark Thies and a team of experts from Reimer Rechtsanwälte are currently working on a stocktaking, together with the Munich-based restructuring consultancy Ruppert Fux Landmann GmbH (RFL) and Feldmuehle’s management. "Feldmuehle has first-class products, production facilities, and processes as well as a highly motivated workforce and holds a leading market position. So we are justified in seeing the current proceedings as an opportunity for the company," says Thies.
Feldmuehle Uetersen manufactures high-quality, white, coated label papers, packaging papers and graphic papers for the German and international market. In the three business areas of Labeling Applications, Packaging Solutions and Graphical Options, the company offers a broad product portfolio for the label and packaging industry, printing and publishing houses, brand owners, agencies and converters.