Paperfabrik Feldmuehle GmbH is shutting down operations. After more than 120 years, paper production in Uetersen is coming to an end.
In a statement, the label paper manufacturer said it had been confident until recently that a turnaround could be achieved, but added: “Unfortunately, due to unforeseen market developments, the fruitless outcome of the industrial electricity price debate, and a continuous stream of new bureaucratic hurdles, we have ultimately concluded that we are no longer able to maintain production at our Uetersen site on a sufficiently competitive basis. Continuing operations is no longer economically viable.”
The statement continued: “It seems that energy-intensive industry is not meant to remain in Germany. We…