Choked by soaring energy and wood pulp costs, German toilet paper maker Hakle is turning to waste from coffee production to stay afloat and help the environment.
Just two years ago, at the height of the coronavirus pandemic, the firm profited from a stampede of consumers rushing to stock up on essentials.
But with the health crisis abating, Russia’s invasion of Ukraine has sparked skyrocketing energy costs, forcing Hakle to file for insolvency recently.
Innovation could now be the key to survival. Huge quantities of coffee grounds are produced every year by the European food industry, and Hakle has found a way to transform the waste into material to make loo roll.—APP