Fibre Excellence has been placed in administration with a six-month observation period; next hearing on 17 June
On 27 April, the Toulouse Commercial Court ruled on the future of the French market pulp producer Fibre Excellence. The company has been placed in administration with a six-month observation period, “during which an economic and social assessment will be carried out and proposals put forward regarding the continuation or sale of the business.” Fibre Excellence’s management must appear in court on 3 June, with the court due to rule on the company’s situation on 17 June.
