Virginal Paper : difficult start-up and 5 M€ for a new financing

The Walloon region has decided to grant a 2,25 M€ loan to the Belgian papermaker Virginal Paper. Meanwhile the private partners, including Terje Haglund, will provide 2,75 M€. The paper site faces some financial difficulties. The start-up of the machine and the recruitment procedures have been more difficult than planned. For 2019 however, the orderbooks show a positive trend. Last December, Terje Haglund took over the German papermaker Zanders.