August 14, 2024
(press release)
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Kelheim Fibres GmbH has established a solid financing plan for future profitability with the completion of a restructuring agreement. CEO Craig Barker expressed optimism: “The past few years have been very challenging for us and many other companies. Our financiers have shown exceptional commitment and rightly expect us to advance the operational restructuring measures that have been initiated.” The restructuring measures include, among other things, streamlining the product portfolio towards more specialties—a shift that was initiated several years ago. Despite the economic difficulties of recent years, Kelheim Fibres has maintained the trust of suppliers and customers through transparent communication. The sale of a non-essential property has now made a significant financial contribution to the restructuring plan. Cooperation with local authorities has been crucial in this process. With this new financial foundation, the team at Kelheim Fibres can fully focus its innovation efforts on expanding sustainable and environmentally friendly solutions in the areas of hygiene, filtration, and packaging. The biobased viscose fibres from Kelheim are a promising material for these applications. As a plastic alternative in numerous everyday products, they address pressing environmental issues facing our society. However, the market for fibre production remains challenging. Relatively high energy costs and rising costs for CO2 emission certificates must be offset by increased innovation and quality. Kelheim Fibres is committed to meeting these challenges.
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