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The management cites the price pressure of Chinese providers as the reason
The substantial chemical plant of the insolvent company Leuna Polyamide threatens to have become an manufacturing ruin. "Unfortunately, we have not yet received a binding offer from an investor," said managing director Martin Naundorf of the Mitteldeutsche Zeitung (Tuesday edition). The vegetation would still be producing until the end of September in order to process customer orders. "After that, we want to shut down the systems on our own," said Naundorf. That will take 15 to 20 days. Around 400 employees are affected.
Leuna Polyamide from Leuna (Saalekreis) was founded as a rescue company and took over the insolvent Domo factory on April 1st. Plastics and fertilizers are produced in the vegetation. however two and a half months after the restart, Leuna Polyamide also got into trouble and filed to bankruptcy under self-administration. Naundorf cites the enormous price pressure from Chinese providers as the reason to the failed search to investors.
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