Japanese building materials producer Nankai Plywood has increased provisions against loans to French plywood manufacturer NP Rolpin after production and sales continued to fall substantially below expectations.<\/p>\n
In a November 11 disclosure, Nankai attributed the shortfall to the slowing European economic recovery. It recorded an additional \u00a5297 million (\u20ac1.68 million) provision against loans to Rolpin, bringing the accumulated allowance to \u00a55.182 billion (\u20ac29.25 million). This matched the subsidiary\u2019s negative equity at September 30, 2026.<\/p>\n
Based in Labouheyre, in southwestern France\u2019s Landes region, Rolpin specialises in maritime pine plywood. Its products serve construction, furniture, interior fittings, packaging and industrial applications, including concrete formwork and vehicle bodywork. Nankai acquired the company in 2014.<\/p>\n
The Japanese group also recorded a \u00a537 million (\u20ac209,000) provision relating to Rolkem, a wholly owned subsidiary of NP Rolpin. Rising raw-material costs and other pressures had prevented Rolkem from meeting its profit targets. Its negative equity and accumulated loan allowance both stood at \u00a51.324 billion (\u20ac7.47 million).<\/p>\n
The charges were recognised in Nankai\u2019s parent-company accounts for April\u2013September 2026. They are eliminated on consolidation and therefore have no effect on the group\u2019s consolidated results. The disclosure did not announce a closure or insolvency proceeding.<\/p>\n
Rolpin\u2019s industrial history dates to 1970, when Bois D\u00e9roul\u00e9s Oc\u00e9an was established in Labouheyre. The business subsequently belonged to Saint-Gobain and the Smurfit group before passing into Japanese ownership. Its manufacturing activity remains centred on plywood made from maritime pine.<\/p>","protected":false},"excerpt":{"rendered":"
Japanese building materials producer Nankai Plywood has increased provisions against loans to French plywood manufacturer NP Rolpin after production and sales continued to fall substantially below expectations.<\/p>","protected":false},"author":1,"featured_media":100616,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[5204],"tags":[],"class_list":["post-100615","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-news"],"acf":[],"yoast_head":"\n