Kübler & Niethammer Papierfabrik Kriebstein ceases operations
News General news
Kübler & Niethammer Papierfabrik Kriebstein GmbH is discontinuing paper production. Negotiations are currently underway with the works council on a reconciliation of interests.
As EUWID has learned, the management is holding talks with a potential investor who could take over individual parts of the company and thus at least some of the employees.
The Schönfelder Group, Annaberg, had taken over the manufacturer of recycled paper K&N Paper 2020 out of insolvency. As it says to EUWID, the company management extremely regrets the step to close the paper mill in Kriebethal/Saxony.
As it says in a statement, due to the energy costs, which have increased many times over since 2021, it was no longer possible to produce at internationally competitive costs. In addition, demand on the market for graphic and packaging papers has been extremely weak for months.
Translated with www.DeepL.com/Translator (free version)
