According to Euwid, the French paper making company Lana Papiers Spéciaux has filed for insolvency at the Commercial Court of Strasbourg. 90 employees are affected by the decision.
Lana Papiers Spéciaux was forced to file for insolvency as the company’s capital reserves have been exhausted. The company is now trying to implement restructuring measures in order to allow it to stay in business.
Lana Papiers Spéciaux produces security papers, graphic papers, art papers and technical papers on two paper machines with an annual capacity of 15,000 t.
