We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Insolvenzantrag gestellt.
- Abstract
Polyester manufacturer Advansa Manufacturing GmbH filed for insolvency on October 26, 2022. The increased energy prices currently make it difficult to economically produce polyester fibers in Hamm. However, production is expected to continue as the order books are filled, and the employees' wages are secured for the next 3 months through insolvency benefits. In the past 10 months, the production of polyester fibers has already decreased from 2000 tons per month to 1000 tons per month. The company hopes to secure the preservation of many jobs through restructuring, after successfully conducting a self-administered insolvency procedure in spring 2020.
- Subjects
JOB enrichment; PRICE increases; ENERGY industries; BANKRUPTCY; POLYESTERS; POLYESTER fibers
- Publication
Technical Textiles / Technische Textilen, 2022, Issue 5, p232
- ISSN
0323-3243
- Publication type
Article