My guess is that the Croatians have come to a deal with Forte (with the support of the partners mentioned) to produce the papers using the Forte formulas in their plant. They won't be the same, that's for sure. But let's hope they will be as interesting as the original Forte stuff. And the variety offered will still be there (the graded ones, most important of all).
So the implication is that the Forte papers will now be made in the Foma plant?
Is the Forte equipment being moved to the Foma plant? How about the Forte employees? If it's just the formulas that are moving, then they can make something similar, maybe better, maybe worse, but it won't be the same.
Thanks for the interpretation. I was skeptical about the previous announcement.
Who does own Forte at this point in time? In other words, did they again go into bankruptcy before ceasing production - or did the ownership simply decide to stop production to prevent further losses and preserve their capital?
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If you translate this announcement more carefully you will see that it says that the above group of people has the intention to do what they describe and that money has been raised and put on their table to make a proposal to Forte.
I wonder what drives so many people lately to announce things in internet forums which are at that particular point only in planing stage.
Here it reads as if things were definite yet and the paper was just about to be produced again.
I am just returning from Budapest and my view on the situation is:
Point 1: Nothing has been decided by the owners of Forte yet and probably won´t be in short term
Point 2: The situation down there is currently of a kind which does not put any pressure on the owner to make anykind of an immediate decision
Point 3: Fomas coating line differs substantually from Fortes (I know both) and a smooth transfer will be VERY difficult if not impossible
Point 4: There have been earlier attempts by other, very prominent companies who did not succed and I would really wonder why this project suddenly should be much luckier than them
Point 5: The stage described in the announcement from Fotohuis (want to save the paper and make a proposal, have a budget to do that, have good plans of what to do) has been reached at least by three other groups before (including Fotoimpex) and where did they get: nowhere, sofar.
Sorry to say this. I hope I don´t get stamped as the bad news guy here but these announcements lately make me wonder.
But maybe they work a miracle. Let´s wish them good luck. We´d definitely like to continue to carry this paper in our portfolio.
Regards,
Mirko
All the wannabe's who think they know it all but, know nothing.
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