DGAP-News: Insolvency filing of Norwegian subsidiary SiC Processing AS
(firmenpresse) - DGAP-News: SiC Processing GmbH / Key word(s): Miscellaneous
Insolvency filing of Norwegian subsidiary SiC Processing AS
10.12.2012 / 15:45
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Hirschau, December 10, 2012 - The management board of SiC Processing AS,
the subsidiary of SiC Processing GmbH in Norway, has resolved today to
petition for insolvency at the district court in Porsgrunn / Norway.
As announced on August 16, its only customer REC Wafer Norway AS has filed
for insolvency in summer of this year. Subsequently, SiC Processing AS has
started a solvent winding-up procedure with the consent of its major
creditors. Selected creditors have now decided to not maintain their
consent, which is required for a solvent winding-up.
Financial consequences for SiC Processing GmbH, its creditors or creditors
of its other subsidiaries beyond the cases mentioned in the ad-hoc
announcement of 16 August 2012 are currently not foreseen.
Please register at our website
http://www.sic-processing.com/index.php/Newsletter.html
to automatically receive the latest news of SiC Processing group.
SiC Processing GmbH
SiC Processing GmbH is the leading provider for the recovery of used slurry
from the photovoltaic and the semiconductor industry. With 755 employees
worldwide (as of end October 2012) the group is located in 5 countries all
over the world with production sites in Germany, China and US and a sales
office in Italy. Production sites in Norway were closed down mid 2012. The
founder family holds a 25% stake beside the majority shareholder Nordic
Capital Fund VII.
Press Contact:
Markus Kreuzer
Head of Marketing and Communications
Phone: 0049 (0) 9622 - 70 39 273
E-Mail: markus.kreuzer(at)sic-processing.de
End of Corporate News
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196508 10.12.2012
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Datum: 10.12.2012 - 15:45 Uhr
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News-ID 211170
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