Bomboo Linters Papermaking supplies U.K. papermakers with more than 10,000 products from traditional paper to decorative designs and to create new, custom designs.
The Bomboos supply chain, including the brands Kia and Huggies, were among the brands that have lost sales since November.
Bomboo was the biggest loser, according to a Bombooes chief executive.
The company has more than 20,000 papermakers in the U.S., Canada, Australia, New Zealand, the United Kingdom and the European Union, according the company.
In an effort to rein in the industry, the government said it is restricting how many papermakers can produce products.
It has also taken steps to make it harder for the papermaking industry to move into the digital world, like limiting the number of orders and closing factories and distribution centers that supply papermakers.
“We’re going to stop people from going into the supply chain to make paper,” British Prime Minister David Cameron said during a visit to China.
As part of the new regulations, Bombooa has been forced to stop its production of Kia papermaking products, according Kia.
While it has not yet determined what will happen to the remaining Bomboao products, it will continue to supply Bombooan linters and other products to papermakers around the world, according a company statement.
Last year, Bombos orders for papermaking supplies dropped by more than $100 million.
The company also reported a $5 million loss last year.
U.K.’s Prime Minister Theresa May has said she hopes to revive the papermaker’s industry and encourage other industries to join it.
