{"id":975,"date":"2024-07-19T06:07:10","date_gmt":"2024-07-19T10:07:10","guid":{"rendered":"https:\/\/www.packagingindustrynews.com\/?p=975"},"modified":"2024-07-19T06:07:10","modified_gmt":"2024-07-19T10:07:10","slug":"sirane-appoints-administrators-with-172-made-redundant","status":"publish","type":"post","link":"https:\/\/www.packagingindustrynews.com\/?p=975","title":{"rendered":"Sirane appoints administrators, with 172 made redundant"},"content":{"rendered":"


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The company formally appointed Interpath on 15 July. Credit: Kreminska via Shutterstock. <\/figcaption><\/figure>\n<\/p><\/div>\n

Sirane, a Telford, UK-based packaging manufacturer, has appointed administrators after grappling with rising costs.\u00a0<\/p>\n

This move leads to the redundancy of 172 employees across the company\u2019s three Telford sites.\u00a0\u00a0<\/p>\n

Sirane has been contending with escalating financial challenges due to the rising costs of raw materials, energy prices, and supply chain issues.\u00a0<\/p>\n

On 10 July 2024, TheBusinessDesk.com<\/em><\/a> reported that Sirane had posted a notice of intention to appoint administrators and had engaged Interpath for assistance.\u00a0\u00a0<\/p>\n

Interpath was officially appointed as the administrator earlier this week, on 15 July.\u00a0<\/p>\n

The administrators are considering various options, including finding a buyer for the business, selling the company\u2019s plant and affiliated machinery, and liquidating its remaining assets.\u00a0<\/p>\n

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