German speciality paperboard manufacturer Lunzenauer Papier- und Pappenfabrik applied for the opening of preliminary insolvency proceedings. The paper mill is undergoing financial difficulties. The petition was filed with the Chemnitz Local Court on 16 August
The company runs one mill in Lunzenau north of Chemnitz in the German federal state of Saxony. Lunzenau paper and board mill produces roofing felt base as well as dyed and coated paperboard grades with an annual output of some 6,000 t. Among other things, the speciality papers are used as roofing and floor construction materials in the building industry.