HEINZEL GROUP has announced the closing of its German subsidiary, Raubling Papier GmbH, citing ongoing difficult market conditions and economic hardships.
After extensive negotiations with the local works council, a social plan has been successfully implemented.
The closure process is now concentrated on the sale of assets, including machinery and equipment. Andreas Sailer, CEO of Raubling Papier, commented:
"We are encouraged by the rapid transition of many of our employees to new positions and are now concentrating on the sale of Raubling Papier's assets. This includes a range of high-quality machinery and equipment. Interested parties are invited to engage with us promptly as we navigate this phase."
About HEINZEL GROUP
HEINZEL GROUP produces market pulp, packaging paper and magazine paper and trades in in cellulose, paper, recycled fiber, and packaging solutions.
