The German paper manufacturer Feldmuehle GmbH has filed for insolvency proceedings. In a press statement, the company writes:
“Feldmuehle GmbH, has been adversely and unforeseeably affected this current year due to the difficult situation in the energy markets, by unexpected increased energy costs and procurement prices for raw materials.
During the current year, management has implemented extensive measures to increase operating profitability. Despite these efforts, the latently rising variable costs could not be offset by implemented price increases, partly due to the company's lower-than-expected revenues.”
“Considering these circumstances, the management has decided to carry out the necessary reorganization/restructuring of the company within the framework of insolvency proceedings under its own administration and, on May 26th, 2025, filed for an application with the competent local court in Pinneberg to open insolvency proceedings under its own administration pursuant to Sections 270, 270 b para. 1 InsO (German Insolvency Act)”.
Andreas Romey of Eckert Rechtsanwälte Steuerberater Partnergesellschaft mbB,Hamburg, was appointed as provisional administrator. The provisional administrator shall examine the economic situation and supervise the management.
Restructuring within the framework of self-administration gives the company's management the opportunity to undertake and respectively implement all necessary measures to improve profitability and thus to take measures towards the company's sustainable competitiveness.
The statement continues:
“Around 200 members of staff in our paper mill in Uetersen, near Hamburg, ensure that over 80,000 tons of raw material can start a new life as innovative label paper or flexible packaging paper every year. We always look ahead and act sustainably - whether in dealing with our natural resources or with a view to expanding our company. We are looking forward to the future. And we believe it's based on paper »
