Business
Occitanie calls for temporary nationalization of Fibre Excellence factory
The Occitanie region is requesting the state to temporarily nationalize the Fibre Excellence paper mill to avoid imminent liquidation.

The Fibre Excellence paper mill, located in Saint-Gaudens in Haute-Garonne, is facing imminent liquidation, with a deadline set for September 8. Carole Delga, the president of the Occitanie region, has proposed a temporary nationalization of the site in this critical context.
To support this request, Delga is asking for an additional €15 million from the state, mentioning a total project financing estimated at €91 million. This funding is intended to provide the necessary time to identify a new investor, particularly a foreign industrial company.
Fibre Excellence's situation is even more concerning, as the company is the last French manufacturer of market pulp. Currently, it is under judicial reorganization, emphasizing the urgency of the support request.

The commercial court in Toulouse is scheduled for a meeting on September 8 to examine the available options for the future of the factory. The temporary nationalization is presented as a solution to allow the company to recover during this critical period while seeking an industrial partner.
In recent weeks, calls for assistance have multiplied to avoid the closure of the factory, which plays a key role in the French paper industry. Local authorities are worried about the potential impact of a possible shutdown on the local economy and employment.
This request for temporary nationalization aims to stabilize the factory while exploring long-term solutions. The decisions announced in the coming days will be crucial for the future of Fibre Excellence and its employees.