It's over for the last French pulp manufacturer: after Tarascon, the second Fiber Excellence factory is liquidated
In the absence of a takeover offer, the Toulouse commercial court on Thursday declared the cessation of activity of the Fiber Excellence pulp mill in Saint-Gaudens, in Haute-Garonne, already technically under the…
The Toulouse commercial court ratifies the judicial liquidation of Fiber Excellence Saint-Gaudens, in Haute-Garonne, placed in receivership since the end of April. The liquidation of its Tarascon factory (Bouches-du-Rhône), identical to that of Haute-Garonne, has already been declared this summer. On October 23, the deadline set by the Toulouse commercial court, no firm offer to take over Fiber Excellence Saint-Gaudens had been filed.
However, the Portuguese paper group Ghost was considering "the relaunch of paper pulp production and the development of high value-added processing activities", according to the Occitanie region. The judicial representative had indicated that professional security contracts (CSP) were going to be offered for one year to the company's approximately 300 employees, a France Travail system intended to preserve the availability of this qualified workforce with a view to resuming activity at the end of 2027, according to the project of the Portuguese company Ghost. “We knew that we were not going to escape liquidation.
It's hard, but also positive because there is a project behind it", reacted the union delegate Nicolas Bruel after a hearing before the Toulouse commercial court. Around thirty employees will continue to ensure its maintenance. The court considered that it was "a very serious project", added the judicial representative. In view of a relaunch in a year of the Saint-Gaudens factory, the economic heart of an economically devastated territory, "securing employees is fundamental", just like "the maintenance of the industrial site", underlined a source close to the matter.
To this end, around thirty employees will continue to ensure its maintenance. After injecting nearly 300 million euros into the Fiber Excellence group, its Indonesian shareholder Jackson Wijaya threw in the towel in the spring, highlighting the company's lack of profitability and refusing to invest again.
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- BFM Business12 Nov, 09:16
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