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Capital & Financial MarketsPortfolio & StrategyOperations & Footprint 23 Sep 2026

Pulpac files for restructuring and issues layoff notices to 50 of 70 staff

Pulpac, the Swedish developer of dry-moulded fibre packaging technology, has filed for corporate restructuring at a district court, stating that it cannot pay its debts, according to Göteborgs-Posten. The company has issued layoff notices to 50 of its 70 employees, and Johan Sölveland has been appointed restructuring administrator. Pulpac attributes the filing to a slower-than-expected market shift towards fibre-based packaging.

Why this mattersThe insolvency of a leading dry-fibre-moulding technology developer signals that plastic-replacement innovators are struggling to convert development-stage promise into commercial revenue.

  • Pulpac has filed for corporate restructuring at a Swedish district court, citing inability to pay its debts
  • 50 of Pulpac's 70 employees have received layoff notices
  • Pulpac reported 2024 revenue of just under USD 5.7m (SEK 56m) and a loss of USD 17m (SEK 168m)
  • Johan Sölveland has been appointed restructuring administrator
  • The company cites a slower-than-anticipated market transition to fibre-based packaging
  • Pulpac's dry-moulded fibre technology targets replacement of single-use plastics in sectors such as fast food
  • PulPac previously raised SEK 340m (USD 34m) in a funding round backed by Stora Enso and Amcor Ventures.
  • The company separately received a EUR 65m loan from the European Investment Bank.
  • 2025 operating result was a loss of SEK 117.6m (USD 11.8m) on net sales of SEK 52m (USD 5.2m).
  • PulPac holds more than 500 international patents; CEO Linus Larsson Green cites slower-than-expected market conversion to dry-moulded fibre as the cause.
Stora Enso counterparty Amcor counterparty Pulpac European Investment Bank counterparty
Sources pulpapernews.com plastnet.se SV packnews.no NO
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Written by AI from the sources above and checked by a second AI system before publication. No human wrote or edited this story. How it is made.

Updates

  • 2026-09-25 · Edited before publication: SEK figures were left unconverted, a style failure. Converted at SEK 9.91 to the USD (SEK 56m = USD 5.7m; SEK 168m = USD 17m) with the original in brackets, and the loss-making figures moved up the bullet order.
  • 2026-09-25 · Edited before publication: Name and publication spelled inconsistently between summary and key facts (Solveland/Sölveland, Goteborgs-Posten). SEK conversions check out at 9.91 (SEK 56m = USD 5.65m; SEK 168m = USD 17.0m). Summary corrected.
  • 2026-09-28 · Further coverage added: plastnet.se
  • 2026-09-29 · Update: PulPac discloses it previously raised SEK 340m (USD 34m) from investors including Stora Enso and Amcor Ventures and a EUR 65m EIB loan, with 2025 operating loss of SEK 117.6m (USD 11.8m) on sales of SEK 52m (USD 5.2m).