Rorvik Timber has applied for restructuring.

April 29, 2009 by timbercommunity

The global economic downturn, a weak market and increased sales to markets with extended payment terms has led to lower operating cash flow for the crisis-hit company. 

The shortage of liquidity and credit combined with recent substantial losses (268 million SEK 2008) has lead to a situation where it may be assumed that the companies will get problem paying existing debts.
 
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