APK: Plastic recycling applies to self-management restructuring

Utilizing the solution-based “Newcycling” recycling know-how: The plant in Merseburg (Picture: APK)

The recycling firm APK (Merseburg) has utilized for restructuring proceedings beneath self-administration. Then the district court docket in Halle appointed the lawyer Dr. Lucas Flöther (Halle) as momentary administrator. The APK board is supported by two consultants from the industrial legislation agency Ok&L Gates – Dr. Georg Bernsau, who was additionally appointed common consultant and member of the APK board, and Nadja Raiß.

APK employs round 200 folks at its headquarters in Merseburg and a technical middle in Frankfurt-Höchst. The corporate sees the reason for the monetary issues within the totally different pursuits of the present traders, who resisted the settlement on the extra funding measures for the deliberate enlargement and additional growth of the know-how in “Newcycling”. At the start of final 12 months, the polyolefin firm LyondellBasell (LYB, Houston, Texas / USA) and the proprietor of Lego Kirkbi (Billund / Denmark; www.kirkbi.com) joined APK. It isn’t but clear what the approaching outage means for the biggest recycling middle introduced.