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Jouy-sur-Morin: a hydrogen production plant will be installed on the ArjoWiggins wasteland

2024-01-31T15:09:41.949Z

Highlights: Lhyfe, specializing in the production of hydrogen, is about to buy the wasteland of the former ArjoWiggins paper mill in Jouy-sur-Morin (Seine-et-Marne) The amount of the transaction is less than 300,000 euros. Located on the banks of the Grand Morin, the factory belonged to the Sequana group which had wanted to separate from it for a long time. The factory manufactured secure paper (for banknotes and official documents) which it sold worldwide.


The Lhyfe company, which already has an industrial site in Bussy-Saint-Georges, is about to buy the former ArjoWiggins paper mill


The deed of sale has not yet been signed.

But it won't be long.

The company Lhyfe, specializing in the production of hydrogen, is about to buy the wasteland of the former ArjoWiggins paper mill in Jouy-sur-Morin (Seine-et-Marne).

The amount of the transaction is less than 300,000 euros.

This includes the buildings, empty, and the land around them.

On the Lhyfe side, we prefer to say nothing.

“We cannot comment on this information at this stage.

Lhyfe works on numerous projects in parallel and only communicates about them at a certain stage of development, particularly because the company is listed on the stock exchange.

» Contacted, the legal representative did not wish to speak either.

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Located on the banks of the Grand Morin, the ArjoWiggins factory belonged to the Sequana group which had wanted to separate from it for a long time.

The factory manufactured secure paper (for banknotes and official documents) which it sold worldwide.

It was bought in 2018 for a symbolic euro by margoulins, in this case Parter Capital and Blue Motion, who had no experience in the field and had come to take the money that remained in the coffers.

In January 2019, the company, in cessation of payments, was liquidated.

Two hundred and twenty employees were laid off.

All of the machines were sold at public auction in June 2020. A company bought them for 1.7 million euros.

There was now land and buildings left.

Their sale is now (almost) done.

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Source: leparis

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