Pulp & Paper News

Swedish DP and UWF producer Vida Paper goes bust

BRUSSELS , Dec. 13, 2012 (RISI) - 

Vida Paper filed for bankruptcy with the District Court of Växjö in Sweden yesterday, according to Santhe Dahl, CEO of the sawmill group Vida, the owner of the firm.

Vida Paper applied for company reconstruction in early November after its creditor bank had terminated the firm's loans and credits and frozen its bank accounts. The firm said it had fulfilled its payment obligations without issue.

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