Sawmill closures and fires hit Innapel: company initiates voluntary liquidation process

Innapel reported that it has entered a voluntary liquidation process after facing a complex financial and operational situation, which, according to the company, worsened in recent months due to factors that directly impacted the forestry industry.

Through a communication addressed to clients, suppliers, and collaborators, the company stated that it made various efforts to maintain the continuity of its operations and reverse the economic scenario.

However, it assured that the current conditions in the sector made business continuity unfeasible.

Among the causes cited by the firm is the decrease in raw material supply, a situation attributed to the closure of nearly 200 sawmills over the past year and the loss of extensive forest areas due to fires. According to details provided, these factors led to a 40% reduction in the supply necessary for its operations.

Voluntary liquidation

The company added that the increase in electricity costs and other inputs contributed to deepening the insolvency scenario it currently faces.

Given this context, Innapel decided to initiate a voluntary liquidation process, with the aim of responding to as many creditors as possible within the current legal framework. Likewise, it reported that it is consolidating the information corresponding to each creditor's claims to facilitate their inclusion in the procedure.

The company expressed regret over the consequences of this decision, acknowledging the impact it will have on clients, suppliers, and workers. Along with this, they thanked the trust placed in them during the years of the company's operation.

Finally, they indicated that in the coming days they will provide additional information on the steps that those wishing to participate in the process as creditors should follow.

Branch closure

Both the headquarters and the sales point of Innapel, in the Bío Bío region, a company that offered pellets, remain closed with their doors and gates shut.

Several people, after purchasing a pallet of product, arrived to pick up the bags they needed to get through the approaching cold weather. However, they found the gates closed during regular business hours.

This was explained by Óscar, a frequent Innapel buyer: "I came two weeks ago, on a Saturday morning, and it was also closed. For no reason, because they told me: 'No, it's closed for today.' What's more, that door wasn't even closed, just the access with the chain."

Source:BiobioChile