{"id":14707,"date":"2024-10-24T15:48:14","date_gmt":"2024-10-24T15:48:14","guid":{"rendered":"https:\/\/cpmirror.com\/?p=14707"},"modified":"2024-10-24T15:48:14","modified_gmt":"2024-10-24T15:48:14","slug":"french-containerboard-producer-papeterie-saint-michel-liquidated","status":"publish","type":"post","link":"https:\/\/cpmirror.com\/index.php\/2024\/10\/24\/french-containerboard-producer-papeterie-saint-michel-liquidated\/","title":{"rendered":"French containerboard producer Papeterie Saint-Michel liquidated"},"content":{"rendered":"\n<p>The French producer of corrugated material Papeterie Saint-Michel is being liquidated, EUWID reports. The company has been facing challenging financial difficulties for quite some time and has been placed in receivership since April this year. On 3 October, the commercial court of Angoul\u00eame in France placed the company in liquidation.<\/p>\n\n\n\n<p>Papeterie de Saint Michel owns two paper machines producing recycled corrugated case material in grammages between 115-170 g\/m\u00b2. The two machines have a combined capacity of 75,000 tpy.<\/p>\n\n\n\n<p>The company is owned by the group Groupe Thiollet, which also operates a packaging plant not being affected by the move.<\/p>\n\n\n\n<p>According to Euwid, smaller paper mills with older machines are having a hard time today. Demand is too weak and competition too fierce.<\/p>\n\n\n\n<p>The company has itself complained about the reduced demand in the packaging sector and the fall in selling prices. At the same time, production costs remain high.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The French producer of corrugated material Papeterie Saint-Michel is being liquidated, EUWID reports. The company has been facing challenging financial difficulties for quite some time and has been placed in receivership since April this year. On 3 October, the commercial court of Angoul\u00eame in France placed the company in liquidation. Papeterie de Saint Michel owns<\/p>\n","protected":false},"author":1,"featured_media":13499,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[65],"tags":[1112],"class_list":{"0":"post-14707","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-corrugated-folding-carton","8":"tag-papeterie-saint-michel"},"_links":{"self":[{"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/posts\/14707","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/comments?post=14707"}],"version-history":[{"count":1,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/posts\/14707\/revisions"}],"predecessor-version":[{"id":14708,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/posts\/14707\/revisions\/14708"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/media\/13499"}],"wp:attachment":[{"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/media?parent=14707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/categories?post=14707"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/tags?post=14707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}