The hygienic paper manufacturer Hakle has filed for bankruptcy. As the “Lebensmittel Praxis” reports, the current energy and material prices in particular have recently caused the group to get into a crisis.
Especially since the beginning of the corona pandemic in 2020, the paper industry has been subject to severe upheavals on the raw materials, logistics and energy markets. For the companies, this meant that they had to and still have to face a lot of increased challenges.
So far, the increased costs of procuring materials have not been passed on to customers in the form of higher sales prices, which is why many paper manufacturers are in crisis.
The good news for Hakle employees: The group’s business operations are to be continued in full.
“Self-administration offers us the necessary flexibility and speed to reorganize our business sustainably and to reposition it entirely in the interests of our employees, customers and creditors,” Managing Director Volker Jung told LP.
During the insolvency proceedings, Jung’s management will continue to manage the operative business. The lawyer and restructuring specialist Dr. Jan-Philipp Hoos from White
Targeted changes in behavior could save around 30 terawatt hours of natural gas annually in private households in Germany. This corresponds to almost three percent of German consumption in 2021.
The original of this article “German toilet paper manufacturer Hakle is insolvent” comes from chip.de.