Overview

• The board unanimously authorized the concurso preventivo and notified the securities regulator CNV, moving the century‑old paper maker into court‑supervised negotiations.
• Production remains suspended at the Capitán Bermúdez and Zárate plants since late July, and the Corrientes subsidiary Forestadora Tapebicuá also halted output.
• Celulosa defaulted in May and a June plan to restructure about US$128 million of liabilities failed to secure sufficient creditor support.
• Creditor pressure escalated as Tecmaco Integral filed a bankruptcy petition in Santa Fe, adding legal risk to the restructuring effort.
• The latest filing reports a ARS 172.6 billion comprehensive loss, negative EBITDA and equity, and notes prior owner capital injections were insufficient as the company hires VALO Columbus and seeks new investors with uncertain timing.