Bridgewater Paper collapsed with ‘onerous’ energy costs
BRIDGEWATER Paper Company in Ellesmere Port collapsed because it was unable to renegotiate its energy contract after incurring years of “onerous” charges, according to administrators.
The recycled paper mill, which employed 295 staff, was placed into administration on February 2, at the request of the company's directors, and production was ceased six days later.
Subsidiary Cheshire Recycling was sold to Palm Recycling Ltd for £800,000 in February, safeguarding 50 jobs.
The company had been trading... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
