Papyrus to close shop in Italy

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Demand situation on the graphic paper market in Italy is weak, not least due to the coronavirus pandemic, with little prospects for business turnaround, according to Papyrus’ parent Opti Group.

Swedish B2B wholesale group Opti Group is closing its distribution office in Italy. The closure of the group’s subsidiary Papyrus Srl would “be completed in 2021, strictly following the compliance rules,” the company said. Commercial activities are expected to be discontinued already in the first quarter of 2021.

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