3 Oct. 2026: Pulpac, the Swedish company known for its patented dry-moulded fibre technology, is to undergo corporate restructuring and has issued notices to lay off 50 employees, according to Göteborgs-Posten. 

It is reportedly that the company is unable to pay its debts and is "struggling with major financial problems." In its filing with the court, the company attributes the move to the fact that the market transition to fibre-based packaging has proceeded more slowly than anticipated.

Johan Sölveland has been appointed as the restructuring administrator for the case. He is reported to have told Göteborgs-Posten that: "They have been working on a specific type of fibre intended to replace plastic in various applications. They have spent several years developing this and invested significant capital. They have made great strides in the development phase—regarding machinery, intellectual property, and the underlying technology—but the funds simply didn't last long enough to see it through to the end."

Out of a total workforce of 70, the layoff notices amount to 71% of the employees.

According to Sölveland, the company has incurred heavy losses in recent years.

In 2024, Pulpac reported revenue of just under SEK 56 million (£4.2 million) and a loss of SEK 168 million (£12.6 million).