Are we seeing the first victim of the new European consumer board market? The German-Dutch FOLBB (a small producer with ~245kt/year virgin fiber capacity) is applying for insolvency proceedings according to this news. The reasons cited are overcapacity, a difficult market situation, and high energy costs.
Baiersbronn Frischfaser Karton stellt Insolvenzantrag – 220 Arbeitsplätze gefährdet