As a result of the struggling economy in the last few years, Tullis Russell Group has announced that its papermaking subsidiary—Tullis Russell Papermakers Limited—has been placed into Administration by its directors.

The employee owned Tullis Russell Group’s two other operating subsidiaries Tullis Russell Security & Speciality Coating based in Bollington Cheshire and Tullis Russell Image Transfer based in Ansan, South Korea are totally unaffected by this move and will continue to trade normally under the Tullis Russell Group.
Tullis Russell Papermakers Limited was founded in 1809 and since that date has operated from a 100 acre site in Markinch, Scotland. The company manufactures high quality board for use in the cards, covers and premium packaging sectors.

Group CEO Chris Parr said: ‘This is a terribly sad day for employees and their families, the local community and everyone else associated with the business and its proud 206 year history. Since the global recession in 2008 demand across the traditional markets for papermaker’s products has fallen by 40%, our primary raw material, wood pulp, is now trading at consistently higher price levels than ever before and exchange rates have moved structurally against the business. The company has been able to generate new business within luxury packaging and certain digital applications over this time, however annual volume is currently 14% lower than 2008 levels and the profit margin achieved is substantially weaker. “